Yes. Participation is voluntary and can be adjusted year to year. There is no long-term contract or permanent obligation. Taxpayers choose whether to make a qualified contribution during a given tax year, and that decision applies only to that year’s participation. If you adjust payroll withholding or estimated payments to reflect the credit, those adjustments...
Yes. Well Planned Education operates as a nonprofit Scholarship Granting Organization (SGO) and follows standard nonprofit accounting, financial oversight, and reporting practices. The organization maintains structured internal controls and transaction monitoring designed to ensure scholarship funds are administered responsibly and in accordance with federal program requirements. Marketplace activity and fund flows are recorded within the...
Scholarships may be renewable for eligible students, provided the family continues to meet program requirements and funding remains available. Because eligibility is reviewed annually, families must submit updated information each year and reside in a participating state. Renewal is not automatic but is designed to provide continuity for qualifying students whenever possible. Well Planned Education...
Yes. Vendors participating in the Well Planned ecosystem must meet the compliance and quality standards established for the Well Planned marketplaces. These standards are designed to ensure that listed products and services align with applicable educational use requirements and program guidelines. During onboarding, vendor submissions are reviewed and approved offerings are aligned with the appropriate...
Businesses may support Well Planned Education through traditional charitable contributions. However, the federal tax credit established under the Educational Choice for Children Act (ECCA) is currently available only to eligible individual taxpayers. This means businesses do not receive the federal tax credit for contributions made under this program. Any business contribution would be treated as...