DEVELOPMENT

Tool of the Day: The First Fund

9.13.13 The First Fund

A scholarship for first-grade students and the teachers, parents, and guardians who love them.

Here’s how it works: First-grade teachers nominate one or more of their deserving-but-underserved students for The First Fund scholarship. From there, members of The First Fund select a student from the nominations, based on pre-established criterion.

Upon awarding the scholarship, The First Fund creates a 529 savings plan in the student’s name and makes an initial capital investment of $1,000 to the plan. From there, The First Fund provides the parents or guardians of the student with continuing education regarding strategies for savings and investments—all with the hope of accelerating the savings plan’s growth and maturity.

To learn more, click here.

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