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Helping College Savers

Tax-Free Earnings Growth and Tax-Free Withdrawals

With CollegeBoundfund, you won't face federal income taxes on your earnings while they're in your account. And when you take distributions for qualified education expenses,* they're federal income tax free, too.

In many states—including Rhode Island—your earnings also grow free of state income taxes. With this tax-free treatment of earnings—including capital gains and dividends—your CollegeBoundfund account may grow faster than an identical taxable account.

*Qualified education expenses include tuition, fees, room and board, books and other supplies required for a student to attend an institution of higher education. A 10% penalty or additional tax on earnings withdrawn for non-qualified expenses will apply. Please see the Program Description for more specific information.

Special Gift and Estate-Tax treatment

CollegeBoundfund allows you to take advantage of a special gift-tax exclusion. You can contribute up to $70,000 per beneficiary ($140,000 per beneficiary for married couples) in a single year without paying federal gift taxes. That's true as long as you don't make additional gifts to that beneficiary over a five-year period*.

The contributions you make to your CollegeBoundfund account are also excluded from your taxable estate when it comes time to calculate your federal estate tax liabilities. As with any tax-related matters, you should consult your tax advisor or accountant to determine how your individual tax situation will be affected.

*Under an “add-back” rule, if a contributor to a 529 plan elects to treat the gift as having been made over a five-year period and dies during the five-year period, prorated amounts allocable to the years after death are included in the contributor’s gross estate for federal estate tax valuation purposes.

Easy Way to Invest

CollegeBoundfund's attractive benefits and features make it easy to invest.

Generous Contribution Limits

You—or anyone else—can make CollegeBoundfund contributions until the value of all accounts for that beneficiary reaches $395,000. Of course, the earnings can keep growing beyond this limit. Note that the contribution "ceiling" may change each year to reflect the increasing cost of higher education.

Low Investment Minimums

CollegeBoundfund makes it easy to start saving right away. Open an account with as little as $1,000-and make subsequent investments that can be as small as $50.

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. Please see the Program Description for more information.

There's even better news: for a minimum contribution of only $50 per month per account, you can contribute through an easy, convenient Employee Payroll Direct Deposit Program. For Rhode Island accounts, there's no minimum contribution requirement for participation in an automatic investment plan. Talk to your company's HR department to see if a payroll deduction can be set up for you.

A Simple Way to Make CollegeBoundfund Part of Your Investing Strategy

For more information about the program, including applications and forms, call us at 888.324.5057 Monday−Friday, 8:30 a.m.−7:00 p.m. EST

Contact Us

For more information about the program, including applications and forms, call us at 888-324-5057
Monday—Friday, 8:30a.m.—7:00p.m. EST


*The availability of such tax or other benefits may be conditioned on meeting certain requirements.

Investors should consider the investment objectives, risks, charges and expenses of CollegeBoundfund carefully before investing. For a copy of the Program Description, which contains this and other information, click here, or call your financial representative or AB at (888) 324-5057. Please read the Program Description carefully before investing.

If you are not a Rhode Island resident or if you have taxable income in another state, please note that depending on the laws of your or your beneficiary’s home state, favorable state tax treatment or other benefits offered by such a home state for investing in 529 college savings plans may be available only for investments in the home state’s 529 plan. Any state-based benefit offered with respect to this plan should be one of many appropriately weighted factors to be considered before making an investment decision. Please consult your financial, tax or other adviser to learn more about how state-based benefits (including any limitations) would apply to your specific circumstances. You may also wish to contact your home state or another state’s 529 plan to learn more about its features, benefits and limitations before investing. Statements in this material concerning taxation are not offered as individual tax advice.

The investments in CollegeBoundfund are not guaranteed by the State of Rhode Island, the office of the General Treasurer of Rhode Island, the Rhode Island State Investment Commission (which oversees the investments of the assets of CollegeBoundfund), the Federal Deposit Insurance Corporation (FDIC) or any instrumentality thereof. CollegeBoundfund is managed by AllianceBernstein L.P. and distributed by AllianceBernstein Investments, Inc., member FINRA.

Investors should consider many factors before deciding which 529 plan is most appropriate for their situation. Some of these include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own qualified tuition program. Investors should consult with their financial and tax advisor before investing in any 529 plan or contact their state tax division for more information.

AB mutual funds may be offered only to persons in the United States and by way of a prospectus. This website should not be considered a solicitation or offering of any investment products or services to investors residing outside of the United States.

Investment Products Offered:

Are Not FDIC Insured | May Lose Value | Are Not Bank Guaranteed

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©2012 AllianceBernstein L.P.

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