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Grants for Maine Residents - Initial Matching Grant
Open an account with just $25 and get the $100 Initial Matching Grant!
Who is eligible?
- Either the account owner or student (beneficiary) is a Maine resident at the time the grant is awarded
- The Initial Matching Grant is limited to one per beneficiary.
- An Alfond Grant recipient baby can get the $100 Initial Matching Grant when they open a NextGen 529 account and a $25 contribution is made before the baby’s first birthday.
How is the grant awarded?
The Initial Matching Grant is awarded automatically—no additional paperwork is needed. Once the account has been opened and funded with at least $25, the grant is awarded by FAME. FAME sends a letter to award recipients letting them know they have been awarded the grant.
View Terms & Conditions of Maine Grant Programs for other conditions and restrictions that apply