Maps Community Foundation is offering a limited number of Individual Development Accounts (IDAs) to qualifying students each year to support post-secondary education. IDA funds can be used for trade schools, community college and/or four-year university – all accredited educational institutions.

What is an IDA?

An IDA is a 5:1 matched savings program in which $5 is matched for every $1 saved. If a student saves $1,000, that saver can be matched $5,000 for a total of $6,000 towards their education.

Who’s eligible?

• Must be 16 years or older to apply
• Must be a current Oregon resident
• Must have a source of earned income
• Preference is given to students living in Marion and/or Polk Counties
• A certain number of IDA saver spots are given each year to high school students connected to AVID and/or Boys and Girls Club in Salem-Keizer, students working in our Maps high school branches at McKay and West, and students from rural communities.
• If space is available, we will serve additional local students as well as students from outside the two-county area.
• Must meet specific income requirements listed below (household income limits) or automatically qualify based on participation in an eligible public benefit program, including SNAP, TANF, and others.

What’s needed to apply?

• A valid government-issued Oregon ID
• 1 month of current pay stubs for all income earners in the household, or a letter that verifies employment.

County	1-Person Household	2-Person Household	3-Person Household	4-Person Household	5-Person Household	6-Person Household	7-Person Household	8-Person Household
Marion	$55,550	$63,500	$71,450	$79,350	$85,700	$92,050	$98,400	$105,440
Polk	$55,550	$63,500	$71,450	$79,350	$85,700	$92,050	$98,400	$105,440

Interested in learning more or applying?

Please email idamanagers@mapscu.com to ask questions or to request a call from someone on our team to review qualifications and discuss the next steps for enrollment.