First National Bank of Omaha and Nebraska State Treasurer Don Stenberg announced the kickoff of the NEST on the Farm Fun Photo $1,000 Drawing Tuesday at the 29th annual Nebraska Governor’s Ag Conference in Kearney.
From now until June 30, Nebraska residents can submit farm- or ranch-themed photos taken of or by children 13 years old or younger to be eligible to win one of six $1,000 NEST College Savings Plan contributions.
“We are excited to incorporate Nebraska’s largest industry, agriculture, into a fun and easy-to-enter scholarship opportunity for Nebraska children,” State Treasurer Stenberg, Trustee of NEST, said at a news conference at the start of the Governor’s Ag Conference. “Similar to farming and ranching, saving for college requires prolonged attention and care. We are happy to plant seeds for the future through the NEST Farm Fun Photo Drawing.”
Erin Radtke of Kearney, whose son Barrett was photographed in a winning entry last year, said a $1,000 NEST scholarship “goes a long way in a family like ours.”
Speaking at the news conference, Radtke said finding an extra $20 in a paycheck, let alone $1,000, to put toward college savings is difficult for young families. Radtke and Dan Walgren are the parents of two sons, Barrett, almost 3, and Gunner, four months.
“It’s more about making a future for my kids, what every mother wants,” Radtke said. The NEST scholarship gives her family a great start to saving for college and “hope for the future.”
Radtke said she thought her son was cute, but was happy that others liked last year’s photo of Barrett on a tractor, which was taken by Barrett’s great-grandmother, Pam Radtke, at the Kearney Area Children’s Museum. The photo was titled, “Who Needs Training Wheels?”
To enter the NEST on the Farm drawing, the beneficiary must be age 13 or younger as of June 30, 2017. Submissions will be split into two age groups: newborn to 5 years old and 6 to 13 years old. On or about July 15, 2017, NEST will randomly select one winner from each age group in each of Nebraska’s three congressional districts. A total of six winners will receive $1,000 each in a NEST College Savings Plan contribution.
Winners will be recognized at the 2017 Nebraska State Fair in Grand Island.
“We are thrilled to contribute to the growth of six children’s college savings through the Farm Fun Photo Drawing,” said Deborah Goodkin, Managing Director, Savings Plans, First National Bank of Omaha. “We enjoy making things easy for our account owners. With this scholarship, going outside and having a fun photoshoot in a farm or ranch setting is all it takes to lead to a potential $1,000 in college savings. Children, parents, grandparents and other loved ones are encouraged to enter. We look forward to seeing the fun and creative photos.”
About First National Bank of Omaha
First National Bank is a subsidiary of First National of Nebraska. First National of Nebraska is the largest privately owned banking company in the United States. First National and its affiliates have more than $21 billion in assets and 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.
NEST is a tax-advantaged 529 college savings plan and provides four plans to help make saving for college simple and affordable: NEST Direct College Savings Plan, the NEST Advisor College Savings Plan, the TD Ameritrade 529 College Savings Plan, and the State Farm College Savings Plan. The Nebraska State Treasurer serves as Program Trustee. First National Bank of Omaha serves as Program Manager, and all investments are approved by the Nebraska Investment Council. Families nationwide are saving for college using Nebraska’s 529 College Savings Plans, which have more than 254,000 accounts, including 79,000 in Nebraska. Visit NEST529.com and treasurer.nebraska.gov for more information.