Randolph County Promise to Benefit from Spring Into Savings Campaign
WINCHESTER, INDIANA, March 3, 2020 –Indiana Youth Institute has announced that the 1:1 Fund will match gifts made to the Randolph County Promise Community Fund March 23 – 27, 2020. Donations will be matched dollar for dollar, up to $5,000. Contributions are tax-deductible and can be made online at www.randolphcountyfoundation.org or in person at the Community Foundation of Randolph County. Checks can be mailed but will only be matched if they reach the Community Foundation on or before Friday, March 27th at 4:30 PM. The address is 120 West Washington Street in Winchester. Online donations (donation form below) will only be matched if they are made before the March 27th deadline. Donations made to individual student accounts are not eligible for a match. Please contact the Community Foundation of Randolph County at 584.9077 for more information.
Randolph County Promise encourages third-grade students and their families to begin thinking about and saving for education beyond high school by helping them open 529 College Choice Direct savings accounts.
The accounts may be used for vocational training or college. As Convener and Fiscal Agent for the program, The Community Foundation of Randolph County provides an initial deposit of $25 for each participating student and provides matching dollars if students add to their fund during Champion Week. The Community Foundation also provides additional opportunities for students to earn money for their accounts by completing reading logs or doing service in their communities.
Studies show that students with a balance of between $1 and $499 are three times more likely to attend college and four and a half times more likely to graduate from college than similar youth without an account. Yet, only 11.7% of Indiana youth under the age of 18 have a 529 savings account and are saving for their future.
“We are excited to participate in this Spring into Savings 1:1 match. For every dollar you give it will be matched dollar for dollar. Please, won’t you help our students reach their educational dreams by making post-secondary education a possibility for them?”
– Randolph County Promise Coordinator, Carol Mills 765.584.9077 ext. 204