In a recent SavingforCollege.com article, Government Savings President Peg Creonte shares why family and friends might consider giving the gift of education savings this holiday season and explains how Ascensus’ Ugift program makes the 529 gifting process simple and secure.
“The beauty of making a gift contribution to a 529 account is that it’s something that can hold long-term value. It’s not a toy, game, or electronic device that a child might otherwise grow out of or lose interest in,” states Creonte. “It’s a truly meaningful gift that demonstrates for that family and beneficiary that you are invested in their long-term success.”
The article also highlights Ascensus data showing growth in 529 gifting contributions, noting that there was a 20% year-over-year increase in total dollars gifted to Ascensus-administered 529 plans as of the end of 2019.