IDeal — Idaho College Savings Program
IDeal, Idaho's own 529 college savings plan, lets parents, grandparents, family, and friends save for a child's college education. Plan today for the future by making an IDeal decision to enroll in a 529 plan that offers:
- Tax-advantaged investing1
- Idaho state income tax deduction2
- More ways to save with Ugift® — Give College Savings and Upromise® rewards3
As of December 2, 2013 Upromise Investments, Inc., Upromise Investment Advisors, LLC and Upromise Investments Recordkeeping Services, LLC are no longer affiliated with Upromise, Inc., SLM Corporation, Sallie Mae Bank, or its affiliates.
1 The availability of tax or other benefits may be contingent on meeting other requirements.
Upromise, the Upromise logo, and Ugift are registered service marks of Upromise, Inc.
State Street Global Advisors and SSgA are registered trademarks of State Street Corporation.
All other marks are the exclusive property of their respective owners. Used with permission.
2 Idaho taxpayers qualify for a state tax deduction of up to $4,000 ($8,000 if married filing jointly) for contributions to an Ideal account, subject to recapture in certain circumstances, such as non-qualified withdrawals or rollovers to another state's qualified tuition program in the year of the rollover and the prior tax year.
3 The Upromise rewards service is an optional service offered by Upromise, Inc., is separate from IDeal - Idaho College Savings Program, and is not affiliated with the State of Idaho. Specific terms and conditions apply. Participating companies, contribution levels and conditions subject to change without notice. Transfers subject to a $25 minimum. Upromise, Inc. is affiliated with Upromise Investments, Inc. and Sallie Mae.
For more information about IDeal – Idaho College Savings Program, call 866-433-2533 or visit www.idsaves.org to obtain a Disclosure Statement. The Disclosure Statement discusses investment objectives, risks, charges, expenses, and other important information. Because investing in IDeal is an important decision for you and your family, you should read and consider the Disclosure Statement carefully before investing. Upromise Investments, Inc. Distributor and Underwriter.
If you are not an Idaho taxpayer, consider before investing whether your or the beneficiary’s home state offers any state tax or other benefits that are only available for investments in that state’s qualified tuition program.
IDeal is administered by the Idaho College Savings Program Board (Board). Upromise Investments, Inc. (UII) serves as program manager and Upromise Investment Advisors, LLC (UIA), provides investment advisory services and recordkeeping and administrative services. UII and UIA have overall responsibility for the day-to-day operations, including marketing and distribution of IDeal. UII, UIA, and Sallie Mae Bank are affiliates. The Vanguard Group, Inc. serves as Investment Manager for IDeal. Sallie Mae Bank serves as the Savings Portfolio Manager for IDeal. IDeal's Portfolios invest in either: (i) mutual funds offered or managed by Vanguard; or (ii) an FDIC-insured omnibus savings account held in trust by the Board at Sallie Mae Bank. Except for the Savings Portfolio, investments in IDeal are not insured by the FDIC. Units of the Portfolios are municipal securities and the value of units will vary with market conditions.
Investment returns will vary depending upon the performance of the Portfolios you choose. Except to the extent of FDIC insurance available for the Savings Portfolio, you could lose all or a portion of your money by investing in IDeal, depending on market conditions. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences.