There’s No Present Like a Bright Future
And nothing makes a future brighter than education after high school.
Topsham, ME
Don’t miss out!
Make your contributions count for 2023 grants
Contribute before the end of the year and add grant money1 (up to $300!) to your account by taking advantage of the 30% NextStep Matching Grant.2 It’s simple.
Contribute $100
and get a $30 matching grant!
Contribute $1,000
and get a $300 matching grant!
Contribute now online or by mail.
MAKE IT SPECIAL
Family and friends wondering what gift to give your child for the holidays?
Let them know the gift of higher education is always welcome.3 NextGen 529 contributions make fantastic holiday gifts. Even better? If either the account owner or beneficiary is a Maine resident, gifts can be matched by 30%, up to a $300 match per year, with Maine’s annual NextStep Matching Grant.
Write a Check
Be sure your check is made payable to: “NextGen 529 FBO [Beneficiary/Student Name]”
Fill Out Contribution Coupon
Complete a contribution coupon, being sure to include the account number of the beneficiary/student.
Pop in the Mail
After your first $25 contribution, there’s no minimum contribution amount. The maximum contribution is generous at $520,000 for all NextGen accounts for the same beneficiary.
Mobile Check Deposit for Direct Account Owners
It’s quick and easy to add a gift contribution to your child’s account with Mobile Check Deposit!
Snap a picture with Mobile Check Deposit
- Download the Merrill Edge® or MyMerrill mobile app from the App Store® or the Google Play™ store.4
- Log in to your account.
- Tap the “Check Deposit” icon on the app, snap a picture of the front and back of the check on your smartphone and select your 529 account.
1See the Year End Contributions section in the NextGen 529 Program Description for more details.
2Grants for Maine Residents are linked to eligible Maine accounts. An Alfond Grant recipient is eligible to receive the $100 Initial Matching Grant if the minimum required initial contribution is made before the beneficiary’s first birthday. Upon withdrawal, grants are paid only to institutions of higher education. See Terms and Conditions of Maine Grant Programs for other conditions and restrictions that apply. Grants may lose value.
3Third-party contributions: Persons other than the account owner who make contributions will have no subsequent control over the funds contributed to a NextGen 529 account. Only the NextGen 529 account owner will receive confirmation of account transactions and may direct transfers, rollovers, investment changes, withdrawals and change the account beneficiary (as permitted under federal law). Third-party contributors may subject NextGen 529 account owners to tax consequences. NextGen 529 account owners and third-party contributors should consult their tax advisors to discuss income or gift tax consequences.
4Data connection required. Wireless carrier fees may apply. Mobile app not available on all devices.
App Store is a trademark of Apple Inc.
Google Play and the Google Play logo are trademarks of Google LLC.
The Merrill Edge mobile app is available to NextGen 529 Direct Series accountholders.
The MyMerrill mobile app is available to NextGen 529 Select Series accountholders who work with a Merrill advisor. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.“). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of BofA Corp
