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$500 Alfond Grant

Every baby born a Maine resident will have a $500 Alfond Grant automatically invested for his or her future education expenses.¹

Invest in your baby’s future and see how far they’ll go!

Alfond Grant recipients² can open a NextGen 529 account with no initial contribution. Once the account is opened, family and friends can add to it. Matching grants³ are available for making contributions (if eligible).

Open a NextGen 529 account

Questions about the Alfond Grant and whether your baby is eligible? Visit 500forbaby.org for more information.

¹The Alfond Grant is not automatic in all circumstances and is also available in limited other circumstances. The use of the Alfond Grant is also subject to certain restrictions ‐ see Guidelines at 500forbaby.org.

²Children born as Maine residents since January 1, 2013 or who are Maine residents at account opening and under the age of one.

³Grants are linked to eligible Maine accounts. Upon withdrawal, grants are paid only to institutions of higher education. See Terms and Conditions of Maine Grant Programs for restrictions and limitations that apply.

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