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Flexible Features Contribution Limits You can make CollegeBoundfund ® contributions—in fact, anyone else can as well—until the total contributions and earnings of all accounts for that beneficiary equals $365,000. (This “ceiling” may change each year to reflect the increasing cost of higher education.) Of course, the earnings can continue to grow beyond this limit. Low Minimum and Subsequent Investments CollegeBoundfund makes it easy to start saving right away. Write a check for as little as $1,000* to open an account—and as little as $50 for each subsequent investment. Here’s better news: With a minimum contribution commitment of $50 per month per account, you may contribute to your CollegeBoundfund account through an easy and convenient Employee Payroll Direct Deposit Program. There is no minimum contribution requirement for participation in an automatic investment plan for Rhode Island accounts. (Talk to your company’s HR department to see if a payroll deduction can be set up for you.) A Choice of Investment Options CollegeBoundfund offers a choice of 15 investment options—Two Age-Based and three Fixed Allocation Education Strategies, a Stable Value Portfolio and Individual Portfolios featuring nine AllianceBernstein mutual funds. Dollar-Cost-Averaging Lets you make a lump-sum contribution and then dollar-cost-average into the CollegeBoundfund portfolios of your choice. Change Your Beneficiary at Any Time You can select anyone you wish as beneficiary of your CollegeBoundfund account. Your beneficiary doesn’t have to be a family member. (You can even open an account for yourself.) You can change the beneficiary of your account at any time to any other member of the former beneficiary’s family. Withdraw Funds at Any Time Withdrawals can be made at any time, but earnings on those withdrawals not used for qualified higher education expenses will be taxed as ordinary income to the recipient, and subject to a 10% penalty. No Income Limits Everyone is eligible to enjoy the benefits of CollegeBoundfund regardless of income. That’s a notable difference from other college savings programs, such as the Coverdell Education Savings Account, which restrict you from investing if your income exceeds a certain amount. BabyMint Savings Accelerator BabyMint allows parents and grandparents to earn rebates and savings from leading retailers that can be deposited into a CollegeBoundfund account.† Choose Any U.S. Higher Learning Institution Your CollegeBoundfund contribution can be used to pay for qualified expenses‡ at any accredited institution of higher education in the U.S., as well as at many foreign institutions. This includes colleges, universities, graduate schools, and most community colleges and vocational-technical schools. *The minimum initial contribution for Rhode Island accounts (and certain other accounts subject to the same sales and asset-based charge structure as applies to Rhode Island accounts) is only $250. †BabyMint is not affiliated with AllianceBernstein L.P., AllianceBernstein Investments, Inc. CollegeBoundfund, or the State of Rhode Island. An investment in CollegeBoundfund is not required to take advantage of BabyMint vendor discounts. Neither AllianceBernstein, nor the State of Rhode Island, nor CollegeBoundfund is responsible for the operation of the BabyMint program. ‡Qualified expenses include tuition, fees, room and board, books and other supplies needed to attend an institution of higher education. A 10% federally mandated penalty or additional tax applies on any earnings you withdraw for non-qualified expenses.