Since 2002, the DC College Savings Plan has enabled over 14,000 families to save more than $387.5 million
for their children to go to college.
The DC College Savings Plan is a Section 529 plan created to help families prepare for the substantial cost of higher education. Sponsored by the Government of the District of Columbia and managed by Calvert Investments, the Plan offers special tax advantages that enable participants to maximize their savings potential. And the DC College Savings Plan is the only 529 plan in the country to offer a full range of socially responsible (sustainable) investments.
The Government of the District of Columbia's Role in the DC College Savings Plan
In 2002, the DC Chief Financial Officer (CFO) established the DC College Savings Program Trust. The CFO selected Calvert as the Program Manager to administer the DC College Savings Plan. The DC CFO (or the Treasurer) is responsible for the administration of the Plan, including approving the selection of the Underlying Investments in the Trust and receiving advice from the DC College Savings Program Advisory Board, which meets at least once a year.
Calvert's Role in the DC College Savings Plan
Calvert Investment Management, Inc. is the Plan Manager for the DC College Savings Plan. As Plan Manager, Calvert is responsible for the Plan's administration and investment operations, although decisions regarding the purchases and sales of investments in the Underlying Investments are made by the Underlying Investments' advisors. Calvert is subject to supervision by the Trustee, the district treasurer of DC. Calvert Investment Distributors, Inc. serves as the distributor of interests in the Plan, and is registered as a broker-dealer under the Securities Exchange Act of 1934, and is a member of the Financial Industry Regulatory Authority.
An investment management company serving institutional investors, workplace retirement plans, financial intermediaries and their clients, Calvert Investments offers more than 40 equity, bond, cash, and asset allocation strategies. Many feature integrated environmental, social, and governance research. By combining rigorous analysis with independent thinking, our disciplined approach to money management goes beyond traditional factors in order to discover investment opportunities with greater long-term potential.
Calvert Investments' statement on recent regulatory matters.