FAQs
- Account management
- Banking information
- Contributions and withdrawals
- Electronic payments
- Fees and costs
- Financial aid and scholarships
- General
- Gifting
- Investments
- Opening an account
- Prepaid Card
- Qualified expenses
- Tax information
- How do I make a gift contribution online?
-
To contribute online, first make sure the recipient has their gifting page available. Then, use their gifting page link to fill out the fields as directed — it’s the usual information like your name, address, the amount you want to contribute, how you’ll fund the contribution, and the occasion for your gift.
- How will I know if I’ve received gifts?
-
When a gift contribution has finished processing, you’ll get an email letting you know someone contributed to your account. All processed gift contributions will also appear in your activity feed. Please keep in mind, any gift contributions made through an online gifting page will not be available for withdrawal for 10 business days.
- Are gift-givers charged a fee when they contribute through my page?
-
No. There are no fees for making gift contributions.
- What happens if I no longer want to have an online gifting page for my account?
-
No problem. You can delete it anytime you want, and the contributions that have previously been gifted (including pending contributions) will stay in the account.
Just sign into your account, go to the Overview tab, and click on the gifting module. Select “Edit this page” and then click “Delete this page.” Once you’ve deleted your gifting page, you’ll be able to set up a gifting page again in the future if you want.
- Who can send me gifts?
-
Once you’ve set up your gifting page, anyone who has a link can contribute towards your goal.
Gift contributions do count toward your yearly contribution limit. So, if you’ve already reached the limit, your page will remain public, but no one can contribute again until next year.
- Who can contribute to my account?
-
Anyone can make contributions to your account to help you reach your goals.
- What is a gifting profile?
-
For easier gifting, family and friends can create a gifting profile to save their banking information and have their own personal dashboard with easy access to review their gifting history and receipts.
Creating a gifting profile
Go to the unique gifting page and click on “Make a contribution”
Check the box to “Create a gifting profile”
Enter your banking details and information as usual
Create a login after completing your gift and verify your email
- Can I make regular repeat gift contributions?
-
Anyone who sends a gift can set up recurring contributions—for birthdays, holidays, or just because—and save their information in a convenient gifting profile to streamline future gifting.
How to set up recurring gifts:
Sign in to your gifting profile
Select the recipient you would like to send a gift to
Choose the amount and frequency you would like your recurring gifts to be
Review and complete your gift
- Can a family member or friend open a new account for a beneficiary as a gift?
-
Yes. Any family member or friend can open aVT529 account for a beneficiary as long as they’re a U.S. citizen or resident and have a valid Social Security number. They will also need the beneficiary’s Social Security number, date of birth, basic contact information, and an initial $25 contribution to open the account.
- How will my gift contribution be invested?
-
Any gift contribution to a VT529 account is invested based on the preferences and choices of the account owner. The only way you can have control over how your gift contribution will be invested is if you open an account for the beneficiary yourself.