HARRISBURG, PA — Families in Allegheny County who claim Pennsylvania’s Keystone Scholars education savings grant this summer may qualify for an additional $25 deposit through a new partnership between the Pennsylvania Treasury and Neighborhood Allies’ Fund My Future PGH initiative.
What This Means for You
- Eligible Allegheny County families can receive a $25 bonus deposit on top of the state’s $100 Keystone Scholars grant.
- Families must claim the scholarship and open a long-term savings account between May 1 and July 31, 2026.
- Keystone Scholars automatically provides eligible Pennsylvania children born in 2019 or later with a $100 education savings grant.
Pennsylvania Treasurer Stacy Garrity announced the partnership this week, saying the additional funding is intended to encourage long-term education savings for young children.
To qualify for the extra $25 deposit, families must claim their child’s Keystone Scholars grant, enroll in Fund My Future PGH, and open a long-term savings account such as a PA 529 College and Career Savings Program account or another eligible bank or credit union savings account.
PA 529 accounts are tax-advantaged education savings accounts that can be used for qualified educational expenses, including college tuition, technical training, apprenticeships, credentialing programs, and some K-12 costs.
“Keystone Scholars jumpstarts education savings for our youngest Pennsylvanians,” Garrity said in a statement. “This bonus from Fund My Future PGH is not only a great way to show children that we believe in them, but it also helps families in Allegheny County start on a path to saving for a bright future.”
Program Focuses on Early Savings
The Keystone Scholars program automatically creates a $100 education savings account for every child born in Pennsylvania beginning in 2019.
The funds are invested by the Treasury Department and can be used for education-related expenses once the child turns 18 and until age 29.
Eligible educational uses include technical schools, college programs, apprenticeships, credential programs, and other postsecondary training opportunities.
According to the Treasury Department, families statewide have already claimed more than 100,000 Keystone Scholars accounts worth more than $10 million and contributed more than $200 million into related PA 529 savings accounts.
State officials said research shows that children with even modest education savings are more likely to pursue and complete postsecondary education.
Additional Incentives Through Fund My Future PGH
Neighborhood Allies’ Fund My Future PGH initiative is designed to help families develop long-term savings habits and build financial stability for children.
Participants may also enter monthly raffles offering more than $2,000 in total cash prizes, according to the organization.
“Starting to save can feel overwhelming, especially for families already managing so much,” said Toni Corniealdi, senior program manager of empowerment and outreach at Neighborhood Allies. “This initiative lowers that barrier.”
The Pennsylvania Treasury also noted that assets held in PA 529 accounts do not affect eligibility for Pennsylvania state financial aid programs.
Treasury officials said Garrity has reduced PA 529 account fees multiple times during her tenure, generating more than $22 million in savings for participating families.
Families can claim Keystone Scholars grants at PA 529 Keystone Scholars Program.
More information about Fund My Future PGH is available at Neighborhood Allies Fund My Future PGH.
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