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Program Overview

In honor and recognition of our veterans and active duty military personnel, the Nevada State Treasurer and the Nevada College Savings Board of Trustees, in partnership with Victory Capital, have established the Victory Capital 529 Distinguished Valor Matching Grant Program to assist Nevada military families and their beneficiaries in attaining their higher education goals.

The purpose of the Victory Capital 529 Distinguished Valor Matching Grant Program is to support the education goals of our U.S. military and their beneficiaries.

 

How does the matching grant work?

Applicants may submit a Victory Capital 529 Distinguished Valor Matching Grant Program application at any time. If the application is approved, the account owner is eligible to receive matching funds for contributions made to their Victory Capital 529 Education Savings Plan account in the same calendar year. The applicant may also receive contributions for the four following calendar years, up to a lifetime maximum of $1,500 over the five year period (a maximum of $300 per year). 

 

Some examples of the matching rate are shown in the following table:

If you contribute Your yearly match is
$100 $100
$300 $300
$500 $300

 

Who's eligible?1

  • The account owner or the beneficiary must be a Nevada resident at the time the application is submitted.
  • The account owner must have honorably served or currently serve on active duty in the U.S. military, including the Active Reserves, Active Guard or Nevada National Guard.
  • The account owner must have an adjusted gross income (AGI) for their household of less than $150,000.
  • The designated beneficiary must not have reached the age of 13 by December 31 of the year in which the application is submitted.
  • You must be the account owner of a Victory Capital 529 Education Savings Plan account or open an account at the time the application is submitted.

 

How you apply

  • Enrollment is accepted at any time (Jan. 1 through Dec. 31) each year.
  • Download and complete a Victory Capital 529 Distinguished Valor Matching Grant Program Application.
  • Send your application and required supporting documentation to the mailing address listed on the application or email it to us here.
  • You will be notified by mail of your application status.
  • If approved, matching funds will be applied in January based on the previous year's contributions.

 

Victory Capital 529 Distinguished Valor Matching Grant Program2 funds are available on a first-come, first-served basis.

 

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¹ Victory Capital reserves the right to ask for additional documentation, including, but not limited to, evidence of applicable military service, service awards and household adjusted gross income.

² Matching grants are subject to availability of funds, and there is no guarantee of the continued operation of the Victory Capital 529 Distinguished Valor Matching Grant Program.

All investing involves risk, including the potential loss of principal.

Please seek independent tax and/or legal advice regarding your particular circumstances before making any investment decisions. Victory Capital does not provide tax or legal advice.

All investing involves risk, including the potential loss of principal.

Carefully consider the investment objectives, risks, charges and expenses of the Victory Capital 529 Education Savings Plan (Plan) before investing. Visit vcm.com/prospectus for a Plan Description and Participation Agreement containing this and other information about the Plan from Victory Capital Services, Inc. (VCS), Underwriter and Distributor. Read it carefully before investing. 

The Plan is sponsored by the state of Nevada, acting through the Trustees of the College Savings Plans of Nevada. Interests in the Plan are municipal fund securities issued by the Nevada College Savings Trust Fund. Anyone may invest in the Plan and use proceeds to attend school in any state. Before investing, consider whether any 529 plan offered by your home state or your beneficiary's home state offers state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that may not be available through the Plan. If you withdraw money from the Plan for something other than qualified education expenses, you will owe federal income tax and may face a 10% federal tax penalty on earnings as well as state and local taxes. Consult a tax advisor.

State tax treatment of withdrawals used for i) expenses for tuition in connection with enrollment or attendance at an elemtentary or secondary public, private or religious school, ii) expenses related to apprenticeship programs, or iii) student loan repayments is determined by the state(s) where the taxpayer files state income tax.

There is a $10 annual fee that may be waived once you invest at least $50 per month through automatic investments or reach an account balance of $1,000. Additionally, there is a fee up to 0.12% paid to the State of Nevada Board for sponsoring the plan.

Victory Funds, VictoryShares ETFs and the Victory Capital 529 Education Savings Plan (Plan) are distributed, and brokerage services provided, by Victory Capital Services, Inc. (VCS).

Not FDIC Insured • May Lose Value • No Bank Guarantee

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