The Gift of Education

Give your loved ones something they'll never outgrow - a college education. It's the perfect gift for holidays, birthdays, baby showers or other special occasions. It's also the best present for their future.

Suggest a Gift to Your Child's Account (New!)

Why not suggest a contribution to your child's GET account when friends and family inquire about gift ideas for birthdays, holidays and other special occasions. Education is a gift your child will never outgrow. It's a gift to treasure for a lifetime.

Send an email from GET suggesting The Gift of Education.
Download a card to complete and share with grandparents, other relatives and friends.

For Grandparents

As a grandparent, you can help both your children and your grandchildren by starting a college savings plan early. With your thoughtful planning, your grandchildren may be able to reduce or even eliminate college loans by the time they're ready for college. You may appreciate the convenience of a monthly payment or perhaps you'll contribute a lump sum on special occasions or whenever you are able to help. Either way, your family will thank you for years to come.

Friends and other relatives can also contribute to a child's GET account. In fact, anyone at least 18 years old can open a GET account as long as the beneficiary (student) or the account purchaser is a Washington State resident. There are generous gift and estate tax exemptions for contributions to a GET account as well. View more about Gifting for Grandparents.

Giving a Gift is Easy

  1. Make a contribution to an existing account
    Mail your check with a payment coupon. We just need to know the child's name (and account number, if possible). You can contribute any amount you choose. If your loved one has a Custom Monthly account, we'll apply your contribution to that plan unless you tell us it is to buy Lump Sum units. You can even buy partial units. Please contact us for assistance.

  2. Open a new account during our annual enrollment period (September 15 - March 31). It's easy to enroll online, or you can complete and mail in an enrollment form. You can download an enrollment form or we can mail one to you. We're happy to help any way we can.

  3. Announce your gift with a beautiful gift certificate
    Download a gift certificate, type in your personal message, and print it. Choose your bow color:
    blue red gold green purple

    Or, call us and we'll mail you one (red or blue only). Please allow one week for mailing. If you would like us to mail a letter to the account owner announcing your gift and a letter of acknowledgement to you, please call us or include a note with your contribution.

FAQs

Can more than one person contribute to a GET account?
How will a GET account affect my grandchild's eligibility for financial aid?
How will my donations to a GET account affect my taxes?

Can more than one person contribute to a GET account
Yes, anyone can contribute to a child's GET account. Buying units is a great gift idea for grandparents, other family members, and friends. You can also name other "giftors" who can contribute money to the child's account. You can then give other "giftors" one of your coupons or download a Giftor Authorization form and mail it to us. We'll then send your giftor a coupon book. If you have a Custom Monthly Plan, we'll apply all contributions to your Custom Monthly account unless your giftor specifies that the money should be used to buy Lump Sum units. All gift payments to the child's account belong to you, the account owner, and you maintain control over the account.

How will a GET account affect my grandchild's eligibility for financial aid?
A GET account is now considered an asset of the account owner. If a grandparent is the account owner, a GET account is not considered an asset of either the student or the parent in determining a family's eligibility for federal financial aid.

How will my donations to a GET account affect my taxes?
As a 529 plan, your GET account receives tax-free growth and withdrawals. The Gift Tax Exemption per year is $12,000 ($24,000 for couples) during 2008. The deduction will increase to $13,000 ($26,000) for 2009. The Five Year Exemption option increases these amounts. Also, amounts contributed to purchase tuition units on behalf of a beneficiary are generally excluded from a donor's estate for federal estate tax purposes. For more information on federal gift and estate tax rules, refer to GET program details (Pg 13) or consult your tax advisor.

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REMINDER
The current unit price is $101 effective through April 30, 2010. New accounts must be opened by March 31, 2010.

Click here to read the Associate Press article on GET.
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