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Future Scholar PalmettoBaby Program

May 29th is National 529 Day

South Carolina’s Future Scholar 529 College Savings Plan and State Treasurer Curtis Loftis, who administers the plan, are celebrating 529 Day in a very special way.

This year, all PalmettoBabies born on 5/29/2020 are eligible to receive a privately funded $529 grant when their parents open a new Future Scholar account. The deadline to apply for the 2020 PalmettoBaby Grant Program is 8/31/2020.

See details below for more information.

Applying is as easy as 1, 2, 3

1

Review detailed eligibility rules and guidelines from the State Treasurer’s Office

Click to view rules

 

2

Open an account online or mail a completed and signed Future Scholar application to the following:

Regular mail:
Future Scholar 529 Plan
PO Box 219812
Kansas City, MO 64121
For overnight:
Future Scholar 529 College Savings Plan
c/o DST Asset Manager Solutions, Inc.
430 W 7th Street STE 219812
Kansas City, MO 64105

 

3

Mail a fully completed and signed Future Scholar 529 grant request form and a copy of your child’s South Carolina birth certificate to:

Mail:
South Carolina State Treasurer's Office
ATTN: Future Scholar 529 Baby Grant Program
College Savings Plans Division
Post Office Box 11778
Columbia, SC 29211

 

 

Resources

Future Scholar 529 Plan Benefits

  • Contributions may be eligible for a South Carolina state income tax deduction.
  • The parent or guardian named on the account retains complete control of the funds to help ensure they are used as intended.
  • Money in your account can be used at any eligible college in the country. For a complete listing, use the School Code search at www.fafsa.ed.gov.
  • If your child ends up not going to college, the beneficiary can be changed to another qualified family member.
  • Anyone can contribute to the account, so you can allow relatives and friends to help save for this important goal.
  • The Automatic Contribution Plan lets you make easy and ongoing transfers from your bank account.

Questions about the grant program?

Contact Us
803.734.2667
palmettobaby@sto.sc.gov

Ready to
get started?

Once you’ve enrolled in Future Scholar, it’s easy to make a contribution. Anyone, including parents, grandparents, or other family and friends, can contribute.

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Contact Us

888.244.5674
Monday - Friday
8am - 7pm (EST)

Future Scholar 529 Plan
PO Box 219812
Kansas City, MO 64121-9812

© 2021 South Carolina Office of State Treasurer
Important Disclosures | Privacy and Security | Terms and Conditions

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Investing involves risk including the risk of loss of principal. Please consider the investment objectives, risks, charges and expenses carefully before investing. Contact your financial advisor or visit futurescholar.com for a Direct Plan Program Description, which contains this and other important information about the Future Scholar 529 College Savings Plan. Read it carefully before investing. You should also consider, before investing, whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds and protection from creditors that are only available for investments in such state's qualified tuition program.

Tax treatment varies by state. The tax information set forth on this website is general in nature and does not constitute tax advice on the part of Columbia Management Investment Distributors, Inc., its affiliates or the South Carolina Office of State Treasurer. Please contact your tax advisor before making any tax related decisions.

The Direct Plan is sold directly by the Program and is limited to a specific group of investors, as described in the Program Description . You may also participate in the Advisor Plan, which is sold exclusively through financial advisors. The Advisor Plan offers additional investment choices, but the fees and expenses are higher. Please contact your financial advisor for additional information on the Advisor Plan.

The Office of State Treasurer of South Carolina (the State Treasurer) administers the Program and has selected Columbia Management Investment Advisers, LLC and Columbia Management Investment Distributors, Inc. (Columbia Management) as Program Manager. Columbia Management and its affiliates are responsible for providing certain administrative, recordkeeping and investment services, and for the marketing of the Program. Columbia Management is not affiliated with the State Treasurer.