New Years Baby and Alfond Challenge
Ushering in 2010, Stephens Memorial Hospital today announced the first baby of the year born: Peyton Lyn Isham Brooks was born on January 3, 2009 at 1:09 pm.
As the first of Maine's babies born in 2010, Peyton, along with all other Maine resident babies born in 2009, will be eligible through the Harold Alfond College Challenge to receive a $500 grant to start a NextGen College Investing Plan® account. Beloved philanthropist Harold Alfond established the program before he died to ensure access to higher education for all Maine's children. There is no income limit or need to contribute additional money to receive the grant.
Prior to leaving the hospital, Peyton will be offered information about the Harold Alfond College Challenge and opening a NextGen® account. Babies' families must open a NextGen account before the baby's first birthday to receive the Alfond Grant.
"We are delighted to participate in extending the Harold Alfond College Challenge to the babies born at our hospital," said M. Patricia Cook, RN, BSN, MBA, EdD, Senior Vice President of Clinical Services for Stephens Memorial Hospital. "This program will give every new baby in the Oxford Hills some basic building blocks to achieve their own 'aspire higher' goals. SMH is so excited to be part of this."
For more information on the Harold Alfond College Challenge please call 800-228-3734 or visit www.500forbaby.org.
Before investing in the NextGen Plan, you should carefully consider the investment objectives, charges, expenses and risks of investing in the NextGen Plan. You should also consider whether your home state offers any state tax or other benefits that are only available for investments in such state's 529 plan. Request a Program Description from FAME by calling 800-228-3734 or online at www.500forbaby.org and read it carefully. NextGen is a Section 529 plan administered by the Finance Authority of Maine. Merrill Lynch is the Program Manager and underwriter.
To learn more about Stephens Memorial Hospital, please visit www.wmhcc.org.
FAME is a quasi-independent state agency that provides innovative financial solutions to help Maine people and businesses pursue educational and business opportunities. To learn more about FAME, please visit www.famemaine.com.
About the Alfond Scholarship Foundation
The Alfond Scholarship Foundation is a nonprofit corporation established specifically to sponsor and support the Harold Alfond College Challenge. This new foundation is a partnership of organizations and individuals who truly embrace Mr. Alfond's philosophy, and includes representatives from the Maine Compact for Higher Education, FAME, the University of Maine System, the Maine Community College System, the Maine Community Foundation, the Mitchell Institute, and at-large members that include representatives from MaineGeneral Health and the Maine Hospital Association. To learn more about the Harold Alfond College Challenge, please visit www.500forbaby.org.