Treasurer Garrity Announces New Savings Partnership

Pennsylvania Treasurer Stacy Garrity today announced a new partnership between the Pennsylvania Treasury Department and Gift of College that provides family and friends the ability to purchase gift cards for loved ones in their life to support their savings through the PA 529 College and Career Savings Program and the PA ABLE Savings Program.

“I’m excited to expand the ways families can save and encourage others to take part in their savings journey through the Gift of College program,” Treasurer Garrity said. “Providing the option for digital gift card purchases for contributions to PA 529 and PA ABLE is a new, simple and fun way to give the gift of education and more to Pennsylvanians this holiday season.”

“We are thrilled that gift cards for PA 529 and PA ABLE accounts are now available throughout the great Commonwealth of Pennsylvania,” adds Wayne Weber, Gift of College, CEO. “Every gift given is a contribution toward a brighter future.”

Gift of College provides an easy way to give meaningful monetary gifts to loved ones at any time. Gift of College gift cards can be redeemed directly into PA 529 and PA ABLE accounts and are now available for purchase online at pa529.com/gift and paable.gov/gift.

The PA 529 College and Career Savings Program allows families to steadily and strategically save in a tax-advantaged way for qualifying educational expenses no matter what career path a child may take. Saving with PA 529 does not impact a student’s eligibility for PA state financial aid.

Families can choose from the PA 529 Guaranteed Savings Plan (GSP) or Morningstar Gold-Rated PA 529 Investment Plan (IP). The PA 529 IP recently earned its third consecutive Gold Rating from Morningstar, maintaining the program’s status as a top-five 529 plan in the country.

PA ABLE Savings Program accounts provide a tax-advantaged way to save for qualified disability expenses without impacting important benefits. No federal or state income tax is paid on PA ABLE account growth or withdrawals when used for qualified expenses.

Starting in January 2026, PA ABLE eligibility is expanding so eligible individuals of any age can open a PA ABLE account if their disability occurred before age 46.

In addition to Gift of College gift cards, PA 529 and PA ABLE account owners can continue to share their unique Ugift codes with loved ones who wish to help them save in their accounts.

To learn more about Gift of College and Ugift contributions for PA 529 and PA ABLE, visit pa529.com/gift and paable.gov/gift.