United Way of Greater Cincinnati is partnering with the City of Cincinnati, Fifth Third and Cincinnati Preschool Promise to help families start saving early for their children’s future education. The Children’s College Savings Account Program will make it easier — and rewarding — for families to open a 529 college savings account for preschool-aged children.
What’s a 529 Plan?
529 savings plans help families save for whatever formal education comes after high school, whether it’s college, trade school or an apprenticeship. Unlike taxable education savings vehicles, 529 contributions can grow free of federal and state taxes.
Jumpstart Your Savings
- Children enrolled through the Children’s College Savings Account Program will receive $100 from the City of Cincinnati and $53 from Fifth Third to start their accounts.
- The first 150 families can earn an additional $400 in incentives by completing tasks during the first year; a list of eligible activities will be provided upon enrollment.
- The first 150 families will receive a $25 Kroger gift card upon enrollment.
Eligibility
All families in Ohio, Indiana and Kentucky can save for post-secondary education costs with a 529 plan. However, only families who meet the qualifications below can earn incentives through the Children’s College Savings Account Program:
- Live within Cincinnati city limits
- Have children ages 3-5 who are currently enrolled in preschool or attended preschool in 2025
- Are low-to-middle income. (Eligibility is based on 300% of the poverty guidelines.)
