Heart of the Treasury

March 2020

Meet the people in the State Treasurer’s Office whose public service inspires us and is making a difference.

Meet Rachell Owen-Reinwald, February’s STO employee of the month. Rachell has worked for ScholarShare529 as an Associate Program Analyst since 2017. She collaborates with new and existing partners in developing and executing various outreach efforts to bring awareness to and educate California families about the benefits of saving for higher education with ScholarShare529. She has helped bring many new partners into ScholarShare529, including the City of Gardena, which recently collaborated with ScholarShare529 under their workplace savings program.

Rachell also plays an integral role as the lead analyst for the children’s savings accounts, helping ScholarShare 529 increase its presence across California. She demonstrates a high level of initiative and her resourcefulness, creativity and positive attitude have earned her the admiration of the entire ScholarShare529 team.

Prior to joining ScholarShare 529, Rachell was involved in educational advocacy at a grass roots level, having formed a ‘no cost,’ after-school academic enrichment program for young learners.

As the mother of three sons, all of whom are currently attending college, she understands the financial complexities associated with higher learning. She has first-hand experience and knowledge of ScholarShare529, having held 529 accounts for her own children since the inception of the program. In fact, she is currently using these accounts to pay for her sons’ academic expenses.

Rachell’s oldest son, Trevor, 21, is attending Northern Arizona University on a football scholarship and pursuing a double major in political science and business. Zachary, 20, is attending the University of Nevada Reno and pursuing a double major in accounting and finance, while his twin brother, Gavin is at UC Berkeley on a football scholarship where he is majoring in environmental economics and policy.

Rachell is also celebrating 25 years of marriage this year to Olaf (whom she affectionately refers to as “not the snowman – better”).

Congratulations Rachell – on all accounts!