Publication Date



In 2018, Pennsylvania became the first state to legislate a statewide, automatic CDA for all children at birth. In 2021, Pennsylvania achieved another first: an automatic targeted deposit within the Keystone Scholars program to build wealth for financially vulnerable children.

This brief examines two new targeted policy initiatives being piloted for Pennsylvania mothers who participate in WIC, the Special Supplemental Nutrition Program for Women, Infants, and Children. The Bright Future Booster and Milestone pilots represent important steps in expanding the Keystone Scholars program and serving as models for other states. Pennsylvania Treasury and the PA 529 make this CDA policy innovation possible through strong partnerships with the Pennsylvania Department of Health, numerous, engaged community organizations, and several committed private foundations.

Document Type

Policy Brief


Financial Inclusion


Asset Building

Original Citation

DeCecco, A., Peachey, J., & Clancy, M. M. (2021, November). Targeted deposits in Pennsylvania’s Keystone Scholars Child Development Account program (CSD Policy Brief No. 21-36). Washington University, Center for Social Development.


SEED for Oklahoma Kids


Bright Future Booster, WIC-Keystone Scholars Milestone Program, WIC, Child Development Account (CDA), targeted deposit, Adagio Health, college savings, Heinz Endowments, Henry L. Hillman Foundation, Keystone Scholars, low income, PA 529 Guaranteed Savings Plan, Neubauer Family Foundation, Pennsylvania Department of Health, Pennsylvania Treasury Department, Pennsylvania 529 College and Career Savings Program (PA 529), postsecondary education, Richard King Mellon Foundation, SEED for Oklahoma Kids (SEED OK), Special Supplemental Nutrition Program for Women, Infants, and Children (WIC), 2021