Maine babies to get 529 boost from Alfond Foundation
A Maine foundation set up by the late Harold Alfond, founder of Dexter Shoe Co., is starting a scholarship program that will provide babies born in Maine with a $500 contribution to Maine's NextGen 529 plan. The invested monies will be available to pay for the beneficiary's college expenses.For more information, click hereReturn to 529 News center
The Alfond Scholarship Foundation will start on a limited basis in 2008 and roll out to a state-wide program in 2009. Contributions are expected to reach $7-$9 million per year.