Jan 01, 2020 10:59 AM

New crowdfunding platform to save for Kansas children's education

Posted Jan 01, 2020 10:59 AM

TOPEKA — Kansas State Treasurer Jake LaTurner announced a new way Kansans can save for their children’s education. In partnership with global asset manager American Century Investments®, the Kansas State Treasurer’s office offers the ability to have friends and family contribute to their child’s Learning Quest® 529 Education Savings account using Ugift®. A new feature now available on Ugift is a crowdfunding platform that allows account owners to post on social media to ask family and friends for contributions toward their child’s education savings account.

Learning Quest account owners can easily set up a personalized gifting page, set a goal, add a photo and goal information, and then share the link with family and friends through Facebook, Twitter and email. Account owners can customize the post with their child’s picture and message before posting on social media platforms.

“The gift of a child’s future education is a lasting gift. A gifting campaign is a win-win for families building savings for their child and family members and friends looking for a convenient way to contribute,” said LaTurner. “We are thrilled to be offering this new, innovative way for people to come together to help Kansas kids achieve their dreams for the future.”

Funds that are donated through the crowdfunding platform go directly into the child’s Learning Quest account and may have tax advantages for those who donate. To utilize the new crowdfunding capability, users must have a Learning Quest 529 education savings account. For more information, visit our website at www.learningquest.com/gift.

Before investing, carefully consider the plan's investment objectives, risks, charges and expenses. This information and more about the plan can be found in the Learning Quest Handbook, available by contacting your financial advisor or American Century Investment Services, Inc., Distributor, at 1-800-579-2203, and should be read carefully before investing. If you are not a Kansas taxpayer, consider before investing whether the beneficiary's or your home state offers a 529 Plan that provides its taxpayers with state tax and other benefits not available through this plan.