Education Related Funds Awarded to Former Foster Youth
Delaware Treasurer Colleen Davis has announced the distribution of this year’s Aspire529 awards. Aspire529 is a program for youth in or aging out of the foster care system to help them pay for expenses related to higher education. This year’s recipients, two from New Castle County, two from Kent, and one from Sussex plan to […]
Registration is Now Open for Delaware EARNS Retirement Benefit Program
Employer participation in Delaware EARNS is required by law for those who do not offer a qualified retirement plan. Beginning today, employer registration opens for the state’s new retirement saving program, Delaware EARNS. All Delaware employers who have five or more W-2 employees and do not offer a qualified retirement plan, such as a 401(k), […]
Safe Harbor for Financial Institutions Serving Legal Cannabis Businesses
As Delaware readies for the upcoming launch of the state’s legal adult-use cannabis industry, state lawmakers approved legislation, proposed by State Treasurer Colleen Davis, providing protections for banks and other financial institutions that serve licensed marijuana businesses. Although marijuana remains illegal at the federal level, Delaware has joined many other states in legalizing it for […]
Program to Help Foster Youth Pursue Higher Education Returns
For the third consecutive year, the ASPIRE529 program will again offer financial assistance to youth in or aging out of the foster care system seeking higher education according to State Treasurer Colleen Davis. “The high school graduation rate for youth in foster care in Delaware is just over 50 percent, with less than 5 percent […]
Delawareans Gear Up to Celebrate 529 Day
Investing in tomorrow while honoring the past As the nation wraps up its Memorial Day observances, Delawareans eagerly anticipate another significant celebration just two days later. May 29th marks 529 Day, a time aimed at highlighting the critical importance of saving for higher education through 529 education savings plans. These plans, named after Section 529 […]
