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AZ529 Launches Future Career Art Contest for Arizona Elementary Students

art-contest

The Arizona State Treasurer's Office and AZ529, Arizona's Education Savings Plan, have announced the launch of the third-annual AZ529 Future Career Art Contest. Starting today, the contest invites kindergarten through 6th-grade students across Arizona to creatively envision their dream careers through art.

The contest encourages students to express their future career aspirations and the education required to achieve those goals through drawing, painting, or other artistic mediums. A total of 15 talented young artists will be chosen as winners, each receiving $529 to open a new or contribute to an existing AZ529 Education Savings Plan account. The winners will represent various educational backgrounds, including district schools, charter schools, private schools, tribal schools, and homeschools, ensuring statewide representation.

The winners will be recognized by Arizona Treasurer Kimberly Yee in a special ceremony at the State Capitol at the end of March. This initiative will distribute nearly $8,000 in total, providing a significant boost to the educational savings of these students.

Parents or guardians of the winners will be responsible for setting up an AZ529 account if one does not already exist. Contest entries are accepted online or via direct mail, with a submission deadline of March 3, 2024, at 11:59 p.m. (MST).

Treasurer Kimberly Yee expressed her enthusiasm for the contest, stating, "The AZ529 Future Career Art Contest gives Arizona students an opportunity to bring their dreams to life. Families are prioritizing and investing in their child's future when they begin saving for education with an AZ529 Plan. We are excited to bring this art contest back for a third year to students across our great state."

Last year, the AZ529 Dream, Write, Win Essay contest saw an impressive array of submissions, with San Tan Valley student Angelus Hudgens being among the 20 winners. This achievement highlights the continued success and positive impact of AZ529's initiatives on Arizona's youth.

The AZ529 Education Savings Plan provides a tax-free way for Arizona residents to save for post-high school education, including college, community college, vocational training, trade schools, and other educational pathways. Contributors to an AZ529 account can receive a dollar-for-dollar state tax deduction annually, with limits based on filing status. Moreover, starting this year, beneficiaries can roll over unused 529 plan funds into a Roth IRA without income tax or tax penalties. Friends and family members can also contribute to a child's AZ529 Plan and receive similar tax benefits.

For more information about the AZ529 Education Savings Plan and to view complete contest details and rules, visithttp://www.az529.gov and http://www.az529.gov/2024artcontest.
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Monday, 22 April 2024

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