Treasurer Fitzpatrick Reminds Missourians to Enter $100,000 MO Money Sweepstakes

Missouri State Treasurer Scott Fitzpatrick is reminding Missourians to enter the MO Money Sweepstakes before June 4. The sweepstakes will give away $100,000 in MOST 529 contributions, with the first drawing this Friday, May 15, and the final drawing June 4.

 50 scholarships will be awarded—25 $529 scholarships, 10 $1,000 scholarships, and 15 $5,029 scholarships. This is the largest sweepstakes in the program’s 20 year history.

 “Saving for education is important and I hope Missourians will take a few minutes to enter this sweepstakes,” Treasurer Fitzpatrick said. “We launched this during America Saves Week to encourage Missourians to think about the cost of education. Obviously, a lot has changed in the past two and a half months, but the importance of education planning has not changed.”

Missourians can enter online at mostsweeps.com.

MOST, Missouri’s 529 Education Plan, is a tax-advantaged savings plan for education expenses. Money in MOST accounts can be used to pay for K-12 tuition and trade, college, and graduate school tuition and expenses. Contributions are eligible for state tax deductions, which can save families up to $864 a year, and assets in MOST 529 accounts grow tax free.

No purchase is necessary. Participants must be at least 18 years and a Missouri resident to enter and win the sweepstakes.