College Savings Program Board
The Wisconsin College Savings Program Board has administrative and oversight authority for the Edvest and Tomorrow's Scholar plans. The contracted Program Manager is TIAA-CREF Tuition Financing, Inc. (TFI) who also operates the direct-sold Edvest plan and provides recordkeeping duties for the Tuition Units plan, closed to new investors in 2002. TFI has subcontracted the operation of the advisor-sold Tomorrow's Scholar plan to Voya Investment Management. The Board was established in 1999 Wisconsin Act 44, as amended, and consists of five ex-officio members including the Secretary of the Department of Financial Institutions, the President of the Board of Regents of the University of Wisconsin System, the Chairperson of the State Investment Board, the President of the Wisconsin Association of Independent Colleges and Universities, the President of the Board of the Wisconsin Technical College System, and six public members. The ex-officio members may appoint designees to serve in their place. Except for the initial members, public members are appointed by the Governor for 4-year terms. Originally attached to the Office of the State Treasurer, 2011 Wisconsin Act 32 transferred all activities of the program to the Department of Administration in July 2011, and 2017 Wisconsin Act 57 then transferred activities to the Department of Financial Institutions in September 2017.
William Oemichen is the Board Chair and current members include:
( * ) denotes a designated representative.
The College Savings Program Board welcomes comments regarding the program and its operation. Email to the Board at email@example.com.
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