Uniquely Nevada

Item Description

The winner of this package will receive the initial deposit of $529.00 into an SSGA Upromise 529 College Savings Account, for a child or grandchild.

This account is a traditional 529 college savings account. 529 college savings accounts have federal tax benefits such as: 1) Earnings grow tax-deferred and are 2) Tax-exempt when used for qualified higher education expenses such as tuition/books/fees/etc. No purchaser restrictions apply. Beneficiary must be under age 13 at the time of account opening to take advantage of this auction item. Purchaser maintains control over account. Purchaser can add recurring contributions, or utilize payroll direct deposit to continue to grow this 529 college savings account. Saving for higher education may reduce a child's student loan debt. 

*For more information about the SSGA Upromise 529 Plan ("the Plan") download the Plan Description and Participation Agreement at nevadas529.com or request one by calling 1-800-587-7305. Investment objectives, risks, charges, expenses, and other important information are included in the Plan Description and Participation Agreement; read and consider it carefully before investing. More information can be found at www.nevadatreasurer.gov. 

Item Special Note

Restrictions:

• Gift package is pick up only

Disclosure:

Please Note: Before investing in any 529 plan, you should consider before investing whether your or the beneficiary's home state offers any state tax or other state benefits, such as financial aid, scholarship funds, and protection from creditors, that are only available for investments in such state's qualified tuition program. You also should consult your financial, tax, or other advisors to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state's 529 plan(s), or any other 529 plan, to learn more about those plans' features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision. The Plan is administered by the Board of Trustees of the College Savings Plans of Nevada (the "Board"), Ascensus Broker Dealer Services, Inc. (“ABD”) serves as the Program Manager. ABD has overall responsibility for the day-to-day operations, including distribution of the Plan and provision of certain marketing services. State Street Global Advisors (“SSGA”) serves as Investment Manager for the Plan except for the Savings Portfolio, which is managed by Sallie Mae Bank, and also provides or arranges for certain marketing services for the Plan. The Plan's Portfolios invest in either (i) Exchange Traded Funds and mutual funds offered or managed by SSGA or its affiliates, or (ii) a Federal Deposit Insurance Corporation (FDIC)-insured omnibus savings account held in trust by the Board at Sallie Mae Bank. Except for the Savings Portfolio, investments in the Plan 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 the Plan, depending on market conditions. Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences. Effective for tax year 2018, the IRS has increased the amount of the annual gift tax exclusion from $14,000 (28,000 for a married couple) to 15,000 (30,000 for a married couple). You can also contribute up to 75,000 per beneficiary in a single year( up to 150,000 for marrieds couples) to take advantage of five years worth of federal tax-free gifts at one time. The gift will be prorated over five years. In the event the donor does not survive the five year period, a prorated amount will revert back to the donor's taxable estate. 

Read the Distribution Policy Before You Win!

• Distribution Policy

 Highlights:

• A $3* Handling fee will be added to each winning bid. *Not to exceed $25 per winner.
• Item pick up and item shipment will begin March 19, 2018. *Exception: Time-sensitive auction items*
• All shipped packages will be at winner's expense per the NVPR Distribution Policy. Some exceptions may apply. Please read the complete policy for full details.
• 100% of your winning bid is re-invested in Nevada Public Radio.