FOR IMMEDIATE RELEASE
May 27, 2025
Contact the Treasurer’s Office:
Jamie Taylor
(334) 242-7501
Jamie.taylor@treasury.alabama.gov
Alabama State Treasurer’s Office Kicks Off Annual College Savings Giveaway in Honor of 5/29 Day
MONTGOMERY –CollegeCounts, Alabama’s 529 college savings fund, celebrates 5/29 day (May 29) with the 13th annual giveaway focused on babies born in Alabama between May 29, 2024, and May 29, 2025. CollegeCounts will randomly select 29 winners to receive $529 in contributions to an existing or newly opened CollegeCounts account.
Beginning May 29, 2025, parents, grandparents and legal guardians can visit www.collegecounts529.com/giveaway to register by entering their contact information and the child’s name and date of birth.
“New parents should keep in mind only one mantra when considering college savings: start early and save often! Pay less attention to how much money you invest into an account, but instead, establishing a habit of investing, whether it’s $20, $50 or $100 or more each month. Being the lucky winner of this drawing would be a great way to get started!” said Alabama State Treasurer Young Boozer.
CollegeCounts has no minimum contribution requirement, making it simple for families and friends to invest a little at a time. The plan utilizes quality investments from Dodge and Cox, Vanguard, T. Rowe Price, Fidelity and PIMCO.
Funds may be withdrawn and used at colleges, universities, trade schools and graduate schools at one, two and four-year schools in Alabama and across the U.S. – including vocational, technical, community, public and private colleges and universities – for qualified expenses like tuition, fees, room and board (if enrolled at least half-time), books, supplies; and equipment required for enrollment, including computers.
Under Section 529 of the IRS tax code, special tax benefits are provided to families saving for future college expenses. In addition, Alabama taxpayers may receive a state income tax deduction of up to $10,000 for married couples filing jointly ($5,000 for single filers)1 on contributions to CollegeCounts each year.
To enter an Alabama child born between May 29, 2024, and May 29, 2025, in the 5/29 Day Giveaway, please visit www.collegecounts529.com/giveaway. No purchase is necessary to enter or win a prize. All entries must be submitted by July 15, 2025 and winners will be randomly selected and contacted by July 31, 2025. Selected winners must provide a birth certificate or commemorative birth announcement to receive the prize contribution of $529 into the new or existing CollegeCounts account for the newborn they register.
For information on how to open an account, investment objectives, risks and costs, or to read the Program Disclosure Statement please visit www.CollegeCounts529.com.
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About CollegeCounts
The CollegeCounts 529 Fund is a qualified tuition program under Section 529 of the Internal Revenue Code that is offered by the State of Alabama, administered by the Board of Trustees of the ACES Trust Fund (the “Trust” and plan issuer), marketed as the CollegeCounts 529 Fund, and Union Bank & Trust Company serves as Program Manager. Union Bank and Trust Company is registered as a municipal advisor with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB). Except for any investments made by a Participant in the Bank Savings 529 Portfolio up to the limit provided by Federal Deposit Insurance Corporation (“FDIC”) insurance, neither the principal contributed to an Account, nor earnings thereon, are guaranteed or insured by the State of Alabama, the State Treasurer of Alabama, the Board, the Trust, the Program, any other state, any agency or instrumentality thereof, Union Bank & Trust Company, the FDIC, or any other entity. Investment returns are not guaranteed. Account Owners in the Plan assume all investment risk, including the potential loss of principal.