2022 Year-End Giveaway
Subject to these rules, the Winner will receive (1) five thousand two hundred ninety U.S. dollars ($5,290) in the form of a newly established College Savings Iowa (CSI) 529 account or through the deposit of five thousand two hundred ninety U.S. dollars ($5,290) in an existing CSI account. The account will be owned by and established in the name of the Winner as the Participant on the account (the “Participant”) and the Participant will be responsible for investing the account in accordance with the rules of CSI and investment expenses and losses may result. Information with respect to ownership of an account can be found in the CSI Program Description at www.collegesavingsiowa.com. The Winner and the Beneficiary are subject to eligibility verification by the Sponsor, whose decisions are final and binding in all matters related to the Giveaway. A Winner is not a winner of the Prize unless and until the Winner’s and Beneficiary’s eligibility have been verified and the Entrant has been notified that verification is complete. The Prize is non-transferable although a CSI account may be transferred in accordance with CSI rules. The Sponsor is responsible only for delivery of the Prize and is not responsible for Prize utility or otherwise. The Giveaway does not take into account the Winner's personal circumstances or other factors that may be important in making investment decisions. Investment returns are not guaranteed and the Winner could lose money by investing in the CSI account. The Winner should consult his or her own tax advisor about tax implications, if any, associated with the Prize and withdrawals from the CSI account. The Prize will be considered income, and any and all taxes associated with the Prize are the responsibility of the Winner. All rules of CSI shall apply to the account. The account must be established within six months of the date the Winner receives notice of winning.