Newsletter

September 19, 2024

Happy Fall! As the leaves begin their transformation, I’m reminded of how exciting it is to celebrate change. We’ve made several changes that are worth celebrating, from a fresh new plan name to expanded eligibility for small business loans and more. It’s all about growth and progress here, and I’m thrilled to share these latest updates with you!

Roby Smith
Iowa State Treasurer

Introducing ISave 529

College Savings Iowa® has a new name. Enjoy the same great benefits!

Learning is more than just a path to college, and because of this, College Savings Iowa is now ISave 529™. New name, same great benefits! Whether the path leads to saving for K-12 education, two- or four-year colleges, apprenticeships, vocational or trade schools, ISave 529 is here to help make your education dreams a reality. ISave 529 maintains all the features of College Savings Iowa including best-in-class investment options to help you save for education.

To celebrate, ISave 529 is giving away a $5,290 contribution. Enter at Iowa529Contest.com by September 30 and you could win a $5,290 contribution to the education savings for a child in your life. That’s enough to cover an entire year’s tuition at a community college in Iowa!

LIFT Eligibility List Extended

Veterans added to the list of those who qualify.

The passing of Senate File 461 expanded the list of small business owners eligible for the Linked Investments for Tomorrow (LIFT) program to include veterans! LIFT provides capital to Iowa small businesses that are 51% owned, operated and actively managed by one or more women, minority persons, persons with disabilities and veterans.

To apply, small businesses should contact their financial institution to complete the normal lending process. Lenders will then submit an online application for borrowers and businesses they believe are eligible to the State Treasurer’s Office for review.

Interested small businesses are encouraged to contact their financial institution or visit IowaLift.gov for more information. This historic change is a big win making a direct impact in the lives of Iowans and Iowa's small businesses!

Fair Fever Hits Iowans at Great Iowa Treasure Hunt Booth

More than half-a-million dollars claimed during this year’s Iowa State Fair.

Corndogs, concerts, rides, the butter cow, animals and searching your name at the Great Iowa Treasure Hunt booth were all a part of this year’s Iowa State Fair. Fair-goers generated some blue-ribbon worthy numbers at the Great Iowa Treasure Hunt booth!

Number of claims filed: 2,467; Total value of claims: $572,974; Largest single claim filed: $50,717

If you didn’t make it to the State Fair this year, you can search online year-round at GreatIowaTreasureHunt.gov. With 1 in 7 having unclaimed property, chances are you or someone you know has cash to claim!

Invite IAble to Speak at Your Next Event

Learn how IAble could benefit you or someone you know.

Did you know you can request a member of our team speak to your group or organization about the benefits of IAble, Iowa’s Achieving a Better Life Experience Plan?

IAble allows individuals with disabilities and their support system the opportunity to save and invest their money on a tax advantaged basis for Qualified Disability Expenses such as housing, food, basic living expenses, assistive technology, personal support services and more without risking essential federal government benefits.

More than 2,900 Account Owners are saving with the Plan, but we know many more could benefit. Help us spread the word about how those with a disability could save for greater financial freedom. Reach out for us to be a speaker at your organization’s next event!

In Case You Missed It

Interest earned the State $456 million!

In July I announced the Pooled Money Fund earned a record-breaking $456 million in interest for the State’s 2024 fiscal year, which runs from July to June. The Pooled Money Fund is a combination of the State’s General Fund, Road Use Tax Fund, two reserve funds and a number of smaller funds. What does this mean for Iowans? The more money we earn means less coming out of Iowans’ pockets!

ISave 529 and the ISave 529 logo are trademarks of the Iowa Educational Savings Plan Trust.

College Savings Iowa is a registered mark of the Iowa Educational Savings Plan Trust.

IAble is a registered mark of the Iowa ABLE Savings Plan Trust.