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Gifting


Great reasons to make a gift contribution to a 529 plan:

Inviting grandparents, family and friends to contribute to your child’s account gives them a meaningful and easy way to support your child’s future.

A gift contribution to a 529 Plan is perfect for any occasion. Any family member or friend can make a contribution to your child’s 529 account at any time. They just need the child’s name and the account number.

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What’s a 529?Putting Money in a 529 AccountUsing your 529 SavingsGifting

Account owners can send gift requests with one time links that can be sent to friends and family. In addition, family members can fill out a gift form to contribute to a child’s account.

  • Every dollar gifted reduces future out of pocket costs
  • Each gift helps the 529 account grow over time thanks to the power of compounded growth
  • Special 529 gifting rules are useful for people who are estate planning and considering what to leave their heirs
  • New Mexico residents can take state income tax deductions for their gift contributions

Don’t succumb to sticker shock. College costs can be more affordable than you think.

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