With The Education Plan, a New Mexico 529 Education Savings Plan, your company, school or organization can award scholarships to students with a 529 plan. Whether you're a corporation, partnership, trust or non-profit, start investing in your community today.
To learn more or to open an account on behalf of your organization, call 505-476-3860 or fill out the form to the right.
Requirements by Company Type
Corporation
- Copy of Articles of Incorporation certified by Secretary of State or a government entity
- Tax ID Number
- Designate beneficiary at time of opening account
Partnership
- Copy of Partnership Paper
- Tax ID Number
- Designate beneficiary at time of opening account
Trust
- Copies of the Title and Signature Pages of the Trust Document
- Tax ID Number
- Designate beneficiary at time of opening account
Non-Profit 501(c)(3)
- Copy of ruling of determination letter from IRS
- Tax ID Number
- Designate beneficiary at time of opening account
- Use account maintenance form to designate a beneficiary
Your company can award scholarships to students!
To learn more or to open an account on behalf of your organization, call 505.476.3860.
Account owner may be required to designate student recipient upon opening an account.
529 Scholarships for Students
Most families pay for college and other future education needs using a mix of savings, financial aid and scholarships. A 529 plan with The Education Plan® helps families save more for their loved ones’ future education with a tax-advantaged savings account. Highlighted below are a couple current scholarship programs that partner with The Education Plan.
Saving for Success Award
The Saving for Success Award helps New Mexico students fund their dreams for the future with an education savings account. Each year up to 50 eligible K-8 students who are residents of New Mexico receive a Saving for Success Award of $1,000 invested in a 529 education savings account with The Education Plan®.
The Saving for Success Award is administered through the New Mexico Community Trust. Applications for the Award typically open in January.
National Junior Honor Society Outstanding Achievement Award
The National Junior Honor Society Outstanding Achievement Award recognizes middle-level students for their commitment to the five pillars of NJHS: scholarship, service, leadership, character, and citizenship. The 500 NJHS students selected for the Outstanding Achievement Award receive a $500 education savings plan to support their educational aspirations.
Applications for the Award typically open in November.
Learn more about the National Junior Honor Society Outstanding Achievement Award.
