Give the Gift of a Brighter Future this Holiday Season

Columbia, SC - This holiday season, why not give the gift of a brighter future with a Future Scholar College Savings Plan?

“Opening or contributing to a Future Scholar account is a great way to show someone you know or love that you care about their future,” said South Carolina Treasurer Curtis Loftis. “Whether it’s for a grandchild or the child of a neighbor or friend, a Future Scholar plan can have a lasting impact.”

College Graduation Those interested in giving also can contribute up to $70,000 ($140,000 for married couples) in a single five-year period without incurring gift taxes, as long as there are no further gifts made to the child in the same five-year period. In addition, contributions of up to $14,000 per year ($28,000 for married couples) can be made without incurring federal gift taxes.What’s more, contributions into a Future Scholar plan may be eligible for additional tax benefits, Loftis said. South Carolina residents can deduct 100% of their contributions to a Future Scholar 529 plan on their S.C. income tax return.

Plus, those who already have a Future Scholar account can use eGift — a new online tool that allows account owners to invite family and friends to contribute to their child’s account.

“Future Scholar eGift is a terrific way to celebrate special occasions or milestones in a loved one’s life,” Loftis said.

To learn more about opening an account or how to set up eGift, visit

Future Scholar

Future Scholar is South Carolina’s 529 College Savings Plan. It is administered through the South Carolina Treasurer’s Office. For more information, visit or follow on Facebook: @SCStateTreasurer.