Gifting, Estate & Legacy Planning

Children outgrow toys and clothes, but when you make a contribution to their college savings, you’re giving them a gift that grows with them.

Most parents can’t cover 100% of their son or daughter’s college education. With the gift options from the Minnesota College Savings Plan, you don’t have to. A unique part of the plan saving is the capability to give and receive contributions from friends and family — making supporting a child’s future education a win-win for everyone. Your account will grow faster. And in certain cases, the contributor can receive state tax benefits to incorporate the gift into their overall estate and legacy planning. Consult your tax advisor.