Las Campanas Community Funds 529 Education Savings Program
The Las Campanas Community Funds (LCCF), in partnership with New Mexico Community Trust (NMCT), is helping eligible employees of The Club at Las Campanas invest in the future education of their children and dependents.
Through this program eligible beneficiaries will receive a $1,000 contribution to a 529 education savings account to help prepare for the costs of education and training after high school.
Who is Eligible?
The program is available to dependents of current employees of The Club at Las Campanas who meet the programs eligibility requirements.
Eligible employees include:
Full-time employees: After one year of employment and satisfactory performance
Seasonal employees: After completing a second season
Independent contractors: After completing 1,000 cumulative hours
Interns: Eligible college- or university-sponsored interns after completing a second summer season and/or a second six-month consecutive internship, as applicable under the program guidelines
Beneficiaries must be 21 or younger and meet the programs dependent eligibility requirements. Contributions to the account are eligible to be matches by LCCF, up to $1,000 annually.
How can the funds be used?
The $1,000 contribution will be invested in a 529 education savings account administered by NMCT through The Education Plan
Funds may be used for qualified higher education expenses at eligible institutions, including:
Four-year colleges and universities
Community colleges
Trade and technical schools
Vocational and career training programs
Other eligible postsecondary institutions
How does it work?
Apply: Complete the application and provide information needed to verify eligibility
Get approved: Applications will be reviewed to confirm eligibility, and awardees will be selected by an independent committee
If an award is offered, a $1,000 contribution will be invested in a 529 account for the eligible beneficiary
NMCT will establish and manage the account, oversee investments, and administer eligible distributions when the beneficiary pursues qualifying postsecondary education.
Important information: 529 account investments may fluctuate with market performance, and returns are not guaranteed. Funds are subject to applicable program rules and must be distributed before the beneficiary’s 26th birthday. Account funds are administered by NMCT and are not available for independent withdrawal by the beneficiary or family.