News & Press Releases
Savannah newborn awarded $1,529 Path2College contribution as Memorial’s first “Tax Day Baby”
SAVANNAH—This morning at 1:34, Evelyn Gale Singletary made her debut in the world. Before she was even a day old, Evelyn was awarded a $1,529 contribution to her Path2College 529 Plan account to celebrate her as the first baby born on tax day at Memorial University Medical Center.
“We’re so excited for her,” said mom Katie Singletary. She and her husband, Kaleb, live in Guyton. “I was the first person in my family to get a college degree, and I want my children to have that same opportunity.
This is the fourth year that Memorial and Path2College have partnered to recognize “Tax Day” babies in an effort to raise awareness about the importance of saving for college and financial planning.
“Evelyn is one lucky girl,” said Carla Edwards, clinical director of Memorial Health for Women. “This contribution will set her on a path to pursue her dreams. We’re excited to once again partner with Path2College 529 Plan to get one of our babies off to a great start.”
Northside Hospital in Atlanta and Navicent Health in Macon also recognize “Tax Day Babies” each year by awarding the first “Tax Day” baby with a college savings contribution.
“When families welcome a new baby, it is often an overwhelming time with new responsibilities and challenges, and college seems like it’s too far away to think about,” said Mitch Seabaugh, executive director of the Path2College 529 Plan. “But, as those of us that have raised children know, the time goes by quickly, and college will be here before they know it. Saving small amounts over time can have a tremendous impact, and that’s why we want to reach out to new parents and encourage them to create a financial plan to help pay for their child’s future education TODAY.”
In addition to recognizing the first “Tax Day” baby, the Path2College 529 Plan also kicked-off the statewide 2017 Newborn Sweepstakes, where Georgia families who have a baby this year can enter for a chance to win a $5,529 contribution toward a child’s or grandchild’s college savings. The Path2College 529 Plan will also award $1,529 to the hospital where the Newborn Sweepstakes winner was born.
“Hopefully when parents and grandparents go online to enter the Newborn Sweepstakes, they will take some time to learn about the state’s Path2College 529 Plan and its tax advantages and take a few minutes to open an account to help with the future cost of their loved one’s education related expenses,” said Seabaugh.
Parents, grandparents and guardians of Georgia babies born in 2017 may go to www.Path2College529.com until April 14, 2018, for official rules, prize details and to enter for a chance to win the 2017 Newborn Sweepstakes. Entrants must be legal residents or taxpayers to Georgia and at least 18 years of age to enter. No purchase necessary. Void where prohibited. Sponsored by the Path2College 529 Plan.
This is the seventh year Path2College 529 Plan has held its Newborn Sweepstakes. The 2011, 2013, 2014 and 2015 winners were born at Northside Hospital in Atlanta, and the 2012 winner was born at Doctors Hospital in Augusta. The 2016 winner will be announced soon.
For more information about the Path2College 529 Plan or to enter the 2016 Newborn Sweepstakes, please visit www.Path2College.com or call (877) 424-4377.
Consider the investment objectives, risks, charges and expenses before investing in the Path2College 529 Plan. Visit www.path2college529.com for a Plan Disclosure Booklet containing this and other information. Please read it carefully.
Before investing in a 529 plan, you should consider whether the state you or your beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state’s 529 plan.
Taxpayers should seek advice from an independent tax advisor based on their own particular circumstances. Non-qualified withdrawals may be subject to federal and state taxes and the additional 10% federal tax.
Account value for the investment options is not guaranteed and will fluctuate based upon a number of factors, including general market conditions.
TIAA-CREF Tuition Financing, Inc., Program Manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Path2College 529 Plan.