Bluegrass Bright Start is a partnership between The Fayette Education Foundation and KY Saves 529 which allows community partners and donors to invest in students’ educational futures. Children enrolled in Dolly Parton’s Imagination Library in Lexington are selected at random as beneficiaries of their own educational savings account. 

The Kentucky Educational Savings Plan Trust, known as KY Saves 529, is a 529 Plan sponsored by the Commonwealth of Kentucky. KY Saves 529 is designed to help families save for their beneficiary’s education in a tax-advantaged way. It offers valuable advantages, including tax-deferred growth, favorable contribution opportunities, attractive investment options, and professional investment management. There is flexibility to pay for college, graduate school, trade and vocational school, apprenticeship programs and other educational expenses. 

Upon opening the account, families can continue to contribute over time for future education costs. The Fayette Education Foundation will offer families additional savings incentives by participating in programs and activities through Fayette County Public Schools.