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Oregon College Savings Plan supports 2017 summer reading, awards more than $11,000 to Oregon families and public libraries

Nov 21, 2017

SALEM, Ore. — Eight lucky Oregon families now have a plan for college, thanks to focusing on their children’s reading skills over the summer. Each family had a child whose name was randomly drawn as a winner inthis year’s summer reading campaign, “Read a Book. Save for College. Build a Better World.” Sponsored by the Oregon College Savings Plan in partnership with the Oregon State Library and Oregon Library Association, the annual campaign is designed to help keep kids’ minds engaged over the summer.

Overall, the Oregon College Savings Plan awarded a total of $11,732.00. Each of theeight winners received a $529 Oregon CollegeSavings Plan account, while the libraries where they entered received a $500 prize. (A total of 15 entries were selected, but not all of the winners came forward.)

“The Oregon College Savings Plan believes it is fundamentally important to support summer readingprograms for Oregon families,” said Michael Parker, executive director of theOregon 529 Savings Network. “Studies show that summer reading is critical for students to retain knowledge and skills learned in the previous school year. If we can get kids to enjoyreading now, we’re setting them upfor greater success in school and in life.”

According to the Oregon StateLibrary, 64,545 youth from birth through age 18 signed up for this year’s summer reading program at public libraries throughout Oregon; collectively, they read 323,441 books over 880,104 hours.

This year’s Oregon College Savings Plan summer reading campaign received 5,286 entries statewide; the winners are as follows:

  • Austin Lee of SW Portland (Parent Myron Lee), Grade n/a, Cedar Mill Community Library
  • Kole Norman of Newberg (Parent Kristina Norman), Grade 3, Newberg Public Library
  • Jericho Peters of Enterprise (Parent Kara Peters), Grade 9, Enterprise Public Library
  • Kaleb Tingey of Damascus (Parent Shana Tingey), Grade 3, Happy Valley Library
  • Zane Cox of Lebanon (Parent Sandi Cox), Grade 5, Lebanon Public Library
  • Allison Munger of Corvallis (Parent Jaclyn Munger), Grade K, Corvallis-Benton County Public Library
  • Stephen Miller of Dallas (Parent Korri Miller), Grade 10, Dallas Public Library
  • Shelbie Helget of West Linn (Parent Tara Helget), Grade K, West Linn Public Library

“We’ve worked with the Oregon CollegeSavings Plan on promoting summer reading for the past eight years, and itcontinues to be an ideal partnership,” saidMaryKay Dahlgreen,Oregon State Librarian. “They’ve helped uskeep kid’s mindsengaged over the summer, while supporting librarieswith printed materials, underwriting special performancesand awarding prize money.”

As part of the campaign, the Oregon College Savings Plan also underwrote a series of free special performances in libraries in communities with a population of 10,000 or less. The goal was to engage and motivate young readers, while helping these smaller libraries drive traffic and encourage summer reading. Select libraries and their patrons enjoyed entertainment from award-winning storyteller Christopher Leebrick, Penny’s Puppets, Charlie Brown the Juggler, Rhys Thomas Jugglemania, and Rich Glauber’s Music in Action throughout the summer months.

About The OregonCollege Savings Plan

The Oregon College Savings Plan, which is part of the Oregon 529 Savings Network, launched in January 2001 and has grown to morethan$1.5 billion in assets as of September 30, 2017. Theplan is managed by TIAA?CREF Tuition Financing, Inc. For more information abouttheOregon College Savings Plan, its investment options and how to enroll,visitOregonCollegeSavings.comor call toll free 866?772?8464. Followthe OregonCollege Savings Plan on Facebook.com/OregonCollegeSavings andTwitter.com/OregonCSP.

To learn more about the Oregon College Savings Plan, its investment objectives, tax benefits, risks, and costs please see the Disclosure Booklet at OregonCollegeSavings.com. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss.

TIAA-CREF Tuition Financing, Inc., Plan Manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Oregon College Savings Plan.

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