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 The Savings for Education, Entrepreneurship, and Downpayment (SEED) Initiative is a ten-year national policy, practice and research endeavor to develop, test, inform, and promote matched savings accounts and financial education for children and youth. The initiative seeks to set the stage for universal, progressive American policy for asset building among children, youth, and families.
Link to: www.seed.cfed.org
Twelve partners nationwide are testing and documenting specific aspects of children's savings programs. Eleven community partners are establishing more than 800 accounts and engaging different age cohorts, savings incentives, financial education approaches, and financial institutions. One pre-school demonstration and impact assessment partner is working with 500 accountholders and 500 children in a comparison group in Pontiac, MI.
CFED’s community partner
The SEED Initiative is led by CFED, the Center for Social Development at Washington University in St. Louis, the Initiative on Financial Security of the Aspen Institute, the New America Foundation, and the University of Kansas School of Social Welfare.
CFED’s national partner
CFED and the New America Foundation are working with members of Congress to solicit serious consideration for the America Working for Personal Investment, Retirement, and Education (ASPIRE) Act. If passed, ASPIRE would encourage savings, promote financial literacy, and expand economic opportunity by creating a Kids Investment and Development Savings (KIDS) Account for every child in the U.S. born beginning January 1, 2006. For the latest updates on federal legislation, as well as links to recent articles and research on children’s savings accounts, visit: www.aspireact.org or http://www.cfed.org/focus.m?parentid=31&siteid=288&id=309
Additional Links and Resources:
Growing Knowledge from SEED:
http://www.cfed.org/focus.m?parentid=288&siteid=288&id=2149
SEED-related research:
CSD:
http://gwbweb.wustl.edu/csd/SEED/seed_researchpapers.htm
New America Foundation:
http://www.assetbuilding.org/AssetBuilding/index.cfm?pg=docs&SecID=106&SubID=103
SEED State Policy Partners:
The SEED state policy partners are developing policies to create or expand progressive savings opportunities for children. They are responsible for leading state policy development, advocacy efforts, and constituency organizing in their states. These partnerships were forged with states that have a real possibility for a public policy breakthrough within five years.
Link to CFED’s State Policy Partners page:
http://www.cfed.org/focus.m?parentid=288&siteid=288&id=550
SEED funders:
Link to CFED’s funders page:
http://www.cfed.org/focus.m?parentid=288&siteid=288&id=298
SEED Accountholder Stories:
Link to CFED’s Accountholders page: http://www.cfed.org/focus.m?parentid=288&siteid=288&id=332
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