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SEED for Oklahoma Kids
SEED for Oklahoma Kids is a statewide savings initiative that deposited $1,000 into an Oklahoma 529 account for selected 2007 newborns.
Program Description:
SEED for Oklahoma Kids (SEED OK) is the nation’s first statewide Child Development Account initiative. Launched in 2007, the program established state-owned Oklahoma 529 accounts for more than 1,300 randomly selected newborns, each receiving an initial $1,000 deposit. Eligible participants also received additional contributions and savings incentives.
Administered by the Oklahoma State Treasurer’s Office in partnership with Washington University in St. Louis’s Center for Social Development, SEED OK funds may be used for qualified expenses at eligible colleges, universities, and career and technical education programs.
$2.6k
average account balance as of 2024
$12.5M
state-funded contributions
50k
eligible children
Impact:
By 2024, average account balances had grown to approximately $2,600. Research has documented positive effects on educational savings, parental expectations, and children’s social-emotional development.
Michael Sherraden, Center for Social Development
“SEED OK’s success helped inspire the U.S. Treasury’s new Trump Accounts initiative, a national early wealth program designed to help children begin building assets at birth.”
Oklahoma is building on that legacy with $12.5 million in state-funded contributions of $250 each to approximately 50,000 eligible children’s federally established Trump Accounts.
Population Served:
The initiative serves participating Oklahoma children born in 2007 and their families. Funds must be used before the beneficiary turns 30.
Learn more here.
Page last updated in August 2026
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