Give the Gift That Lasts a Lifetime: An Education Legacy

March 21, 2025

As a grandparent, you’ve spent a lifetime building memories, sharing wisdom, and shaping your family’s future. But what if you could give your grandchildren something that lasts far beyond birthdays and holidays? What if you could help shape their future in a way that creates a lasting impact?

With a NEST 529 Education Savings Plan account, you can do just that — invest in their education, empower them to soar toward their dreams, and leave a legacy that will benefit them for years to come.

A Gift That Grows

Unlike toys that are outgrown or trendy gadgets that lose their appeal, a NEST 529 account is a gift that may grow over time. The funds set aside today can be used to pay for tuition, books, and other education-related expenses in the future — helping your grandchild to pursue their dreams without the heavy burden of student debt.

And by investing in a NEST 529 account, your contributions have the potential to grow faster compared to traditional savings accounts, making it both a smart financial decision and a heartfelt gift.

Why NEST 529?

Investing in your grandchild’s future is a significant decision, and NEST 529 makes it easy. Here’s why thousands of families trust NEST 529 for education savings:

  • Tax Benefits – Account owners who are Nebraska taxpayers may be eligible for state income tax deductions on contributions.1 Plus, any growth in the account is tax-deferred.
  • Versatile Use – Savings can be used tax-free for qualified education expenses such as tuition, fees, books, supplies, and room and board, at eligible public and private colleges, universities, and vocational, trade, technical, and professional institutions across the U.S. and some foreign schools.2
  • Flexible Investment Options – Choose from a variety of quality investment options.

Leaving a Legacy

Education isn’t just about degrees — it’s about opportunities, growth, and a lifetime of possibilities. By opening a NEST 529 account, you’re giving your grandchild the ability to explore their passions, achieve their goals, and build a bright future.

More than anything, you’re showing them that you believe in their potential. And that legacy will stay with them long after graduation day.

How to Start Saving for Their Future

  1. Open a NEST 529 account – Getting started is easy. It only takes 10 minutes to open an account.
  2. Contribute to your account – Contributions can be made at any time and there are no minimums. You can easily make a one-time or recurring contribution.
  3. Encourage others to give – Friends and family can also contribute to your grandchild’s education savings through NEST GiftED.

This year, consider giving the gift of education — a gift that will grow with them, support their dreams, and stand as a testament to your love and legacy. The sooner you start, the more of an impact it will have on their future, helping set them on a path to success. Take the first step toward securing your grandchild’s future.

Visit NEST529.com to learn more and take the first step toward securing your grandchild’s future.

1 Account owners may deduct for Nebraska income tax purposes contributions they make to their own account (and any other accounts they own in the Nebraska Educational Savings Plan Trust) up to an overall maximum of $10,000 ($5,000 if married, filing separately). Contributions in excess of $10,000 cannot be carried over to a future year. For a minor-owned or UGMA/UTMA 529 account, the minor is considered the account owner for Nebraska state income tax deduction purposes. The minor must file a Nebraska tax return for the year their contributions are made to be eligible for a tax deduction for their own contributions. In the case of a UGMA/UTMA 529 account, contributions by the parent/ guardian listed as the Custodian on the UGMA/UTMA Plan account are also eligible for a Nebraska state tax deduction. back

2 Withdrawals used to pay for qualified higher education expenses are free from federal and Nebraska state income tax. Qualified higher education expenses include tuition, fees, books, supplies, and equipment required for enrollment or attendance; certain room and board expenses incurred by students who are enrolled at least half-time; the purchase of computer or peripheral equipment, computer software, or Internet access and related services, if used primarily by the beneficiary during any of the years the beneficiary is enrolled at an eligible educational institution; certain expenses for special needs services needed by a special needs beneficiary; apprenticeship program expenses; and payment of principal or interest on any qualified education loan of the Beneficiary or a sibling of the Beneficiary (up to an aggregate lifetime limit of $10,000 per individual). However, earnings on all other types of withdrawals are generally subject to federal and Nebraska state income taxes, and an additional 10% federal tax.

Nebraska law does not treat the following Federal Qualified Higher Education Expenses as Nebraska Qualified Expenses: K–12 Tuition Expenses. If a withdrawal is made for such purposes, although it is a Federal Qualified Withdrawal, it will be treated as a Nebraska Non-Qualified Withdrawal and may result in the recapture of a previously claimed Nebraska state income tax deduction, and the earnings portion will be subject to Nebraska state income tax. Please consult your tax professional about your particular situation. back

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