Children’s Savings Account Implementation Recommendations

In 2019, HB2237 was signed into law, creating a statewide CSA program in Illinois, with a $50 seed deposit provided into a 529 account for every child born or adopted in the state. Expected to launch in 2023, this is a monumental step forward after years of advocacy from community organizations and advocates.

Yet, passing CSA legislation was just the beginning. To really build this into a program that advances equity and helps families unlock opportunity, it will take concerted efforts and investment from partners and funders throughout the state, and ongoing work for the State Treasurer’s Office to ensure that the program is implemented in an equitable and accessible way.

Download the implementation recommendations developed by FIAI’s CSA Working Group.