Program Information Guide | CalKIDS

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Program Information Guide

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ScholarShare Investment Board
901 P Street, Suite 313B
Sacramento, CA 95814

Phone: 1 (888) 445-2377
Hours:
Monday – Friday 8:00 am – 5:00 pm (PST) | Closed for major holidays
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The California Kids Investment and Development Savings Program (CalKIDS) is a children’s savings account program, administered by the ScholarShare Investment Board, an agency of the State of California. CalKIDS accounts will be established for children born to California families and eligible low-income public school students, and will include seed deposits and other potential incentives, which can be used to pay for future higher education expenses.

CalKIDS participants may also establish individual accounts with the ScholarShare College Savings Plan.

For more information about the ScholarShare College Savings Plan, visit ScholarShare529.com or click here for a Plan Description which includes investment objectives, risks, charges, expenses, and other important information. Read and consider it carefully before investing.

Please note: Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You should also consult your legal or tax professional for tax advice based on your own circumstances. Investments in the plan are neither insured nor guaranteed and there is the risk of investment loss.

If the funds aren’t used for qualified higher education expenses, a 10% federal penalty tax on earnings (as well as federal and state income taxes) may apply. Non-qualified withdrawals may also be subject to an additional 2.5% California tax on earnings.

The ScholarShare College Savings Plan is offered by the State of California. TIAA-CREF Tuition Financing, Inc. (TFI), program manager. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, distributor and underwriter for the ScholarShare College Savings Plan.

The Plan Web site contains links to other Web sites. Neither the Plan nor TFI and its affiliates are responsible for the content of those other Web sites. The accuracy of information on those sites cannot be confirmed.

All social media platforms are managed by the State of California.

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