Wednesday, December 19, 2007

Memorial Fund 529 College Savings Plan Contributions

by Morgan Shepard
The Memorial Fund has contributed another $100 to every qualifiying 529 College Savings Plan for 2007, totaling $4,400!

To qualify for 2007 contributions pastors had to be . . .

  • either Ordained & Accredited, Ordained, or SDB Licensed; and . . .
  • actively serving a Seventh Day Baptist church, fellowship, or General Conference . . .
  • children must be 19 or younger . . .
  • at any time during calendar year 2007.
In 2003 the Memorial Fund established 529 Plans for the children of qualifying SDB Pastor’s. Check to see if your Pastor is participating in this plan or any 529 College Savings Plan.

Anyone can contribute to a 529 Plan and get federal tax deductions (some states also allowstate tax deductions). Does your Pastor have a new child? They can start a 529 Plan today! An education is a gift that keeps giving.

Contact Morgan Shepard for more information.

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