As a mother of a high school graduate, it was overwhelming (and almost alarming) how many gift cards my son received in celebration of graduation… Target, Bed, Bath & Beyond, Jiffy Lube (okay, clever). All great gifts, but, oh, how I wish I’d jumped on the latest graduation gift trend: inviting friends and relatives to contribute to his 529 college savings account.
Believe me, friends and family want to contribute to your child’s college savings fund, and you can make it easy-peasy for them to do so. Whether your child is graduating from high school, kindergarten, or anything in between, there is no better gift than the gift of college.
While these gifts are an investment in your child’s future, did you know the contributions are deductible for Colorado taxpayers on their Colorado state income taxes? And, if you have the CollegeInvest Direct Portfolio plan, you can use our Ugift® feature to easily invite others to contribute to your 529 account.
Log into your Direct Portfolio account, click on the “Ugift®” link on the landing page, and follow the instructions to generate a unique code to send invitations for others to contribute.
Ugift® also offers printable invitations that you can include with graduation announcements.
If you have one of our other CollegeInvest 529 College Savings Plans (Scholars Choice, Stable Value Plus, or Smart Choice), don’t worry! You can still invite others to contribute to your child’s account. Simply call us at 1 800 448-2424 for instructions.