Edvest offers several ways to give the gift of higher education this holiday
This holiday season, encourage friends and family to give the gift of higher education. Along with a new e-Gifting option, Edvest offers several ways that parents, grandparents, aunts, uncles, friends and other family members can give the most memorable of gifts for any special occasion throughout the year.
“Clothing and toys are nice, but those looking to give a gift with long-term value should really consider an Edvest college savings plan,” says James DiUlio Director, Wisconsin 529 College Savings Program. “It’s now easier than ever to contribute on behalf of a friend or loved one.”
Here are three ways to get started with gifting into an Edvest college savings plan.
Invite friends and family to contribute to a child’s existing Edvest account. You can easily invite friends and family to contribute electronically through Edvest’s new e-Gifting feature. This simple, secure feature allows you to set up a ‘celebration’ or customized occasion that friends and family are invited to contribute to. By entering the email addresses of individuals you’d like to send an invitation to, a customized message and link to make a contribution will be delivered via email. The recipients can follow the link, enter in the amount of their gift, and submit their bank account information. As the account owner, you will receive a confirmation that a deposit was received.
Mail a gift for an existing Edvest account. Parents, grandparents, aunts, uncles, friends and other family members can all help a child or loved one achieve their dream of a higher education with Edvest. By visiting Edvest.com, a gifter can download and complete a gift deposit form. Simply include the account number on the form, and then mail it to Edvest along with a check. Alternatively, a check can be presented directly to a loved one. Then, the account owner can deposit the check into the account on the gift giver’s behalf.
Open an Edvest account today, then ask friends and family to help you save. If the child does not already have an Edvest account, there are three, easy ways to enroll. The first is online. You can submit an initial contribution electronically from your bank account or by sending a check deposit slip along with your payment. The next is by downloading enrollment materials and printing everything you need to open an account. And, finally, you can do so by requesting an enrollment kit be mailed to you. Please allow five to seven days for delivery. Note: you will need to know the Social Security Number (SSN) or federal Taxpayer Identification Number (TIN) of the child or loved one you will be designating as the beneficiary before you can finalize the enrollment process.
You can symbolize your gift by printing and presenting an Edvest gift certificate. There is an assortment of gift certificates available for occasions throughout the year, such as Christmas, Hanukkah, Kwanzaa, birthdays, and more. They can be framed, placed in a card, or wrapped with a bow. As with regular contributions, the minimum amount friends and family may contribute or gift to your existing account is $25.