Posted on: August 11, 2016
As Section 529 of the Internal Revenue Code celebrates its 20th birthday this month, one Georgia baby is celebrating his first birthday with a special contribution to his Path2College 529 Plan account. Bryce Wilson, born August 12, 2015, at Northside Hospital, was recognized as the winner of the 2015 Path2College Newborn Sweepstakes. He was awarded with a $5,529 contribution to his Path2College 529 Plan account.
“Providing for our children’s higher education needs is one of our most important financial goals. We are thrilled that Path2College has provided us not only with a significant contribution through the Newborn Sweepstakes, but also access to a professionally managed suite of investment options that we are able to tailor to our specific needs," said Crystal Wilson, Bryce’s mom.
In addition to awarding Wilson with his college savings contribution, Path2College also awarded Northside Hospital with $1,529 that the hospital will use for its Miracle Babies program, which supports families with newborns in the hospital’s neonatal intensive care unit (NICU).
“Northside Hospital is proud to join with Path2College to help our families prepare for their new babies’ futures,” said Lee Echols, vice president of marketing and communications at Northside Hospital. “We congratulate the Wilson family on being selected as the winner and wish them all the best.”
More babies are born each year at Northside Hospital than any hospital in the United States. This is the fourth Newborn Sweepstakes winner born at Northside. The 2011 winner—Emma Hayward, the 2013 winner—Charlie Rayn Grant, and the 2014 winner—Clara Grace King, were each born at Northside Hospital in Atlanta. The 2012 winner, Darron Lenon, was born at Doctors Hospital in Augusta.
More than 1,600 parents and grandparents entered the Path2College 529 Plan Newborn Sweepstakes during 2015.
“We hope to increase the number of participants in the sweepstakes each year, with an ultimate goal of reaching all families with newborns, and children of all ages, so they are aware of the state’s 529 Plan and the benefits it provides,” said Mitch Seabaugh, executive director of the Path2College 529 Plan. “Since the plan was established in 2002, we have already helped more than 134,000 beneficiaries save more than $1.9 billion for higher education expenses. We are happy to honor Bryce today with this contribution, and I hope that it helps him achieve his dreams.”
As of May 31, 2016, more than 30,000 beneficiaries have used more than $472 million of their Path2College 529 Plan savings to pay for education-related expenses.
On January 1, the Path2College 529 Plan kicked off the 2016 Newborn Sweepstakes. Parents, grandparents and guardians of Georgia babies born in 2016 may go to www.Path2College529.com until April 14, 2017, for official rules, prize details and to enter for a chance to win the 2016 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.
“The earlier families start saving for higher education the better, and hopefully this sweepstakes is a fun way for parents and grandparents to become educated about Georgia’s 529 Plan when their loved one is a baby,” said Seabaugh.
For information about Miracle Babies, visit Give.northside.com/miraclebabies
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