The happenings "inside" the Wisconsin State Treasury and across the street at the State Capitol

FAQ: Who can contribute to an EdVest account, and how much?


Anyone can contribute to the account, and only the account owner has control over how the assets are used.

Now onto how much can be invested. Before we go too far, their is a minimum investment of $250 to open an EdVest account. However if you set up an Automatic Investment Plan for at least $15 per month the $250 fee is waived.

Also you can contribute as much money to an EdVest account as you would like, just keep in mind that you may need to consider the gift tax for contributions over $13,000 ($65,000 if pro-rated over five years).

Note: There is a program maximum of $330,000 for the combined balance of all accounts for a single beneficiary. The good news is that even though you cannot contribute any more money to an account that has reached the limit it may continue to grow.

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2 responses

  1. Pingback: FAQ Edvest: Why Did Wisconsin Change Plan Managers? « Wisconsin State Treasury

  2. Pingback: FAQ Edvest: Why Did Wisconsin Change Plan Managers? « Wisconsin State Treasury

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