Freshman Fund is an American

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 corporation

Corporation

A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...

 launched in April 2007. Freshman Fund is a registry that simplifies the giving and receiving of gifts for 529 college savings plan

529 plan

A 529 plan is a tax-advantaged investment vehicle in the United States designed to encourage saving for the future higher education expenses of a designated beneficiary.- Overview :529 plans are named after section 529 of the Internal Revenue Code...

s, a tax-advantaged

Tax advantage

Tax advantage refers to the economic bonus which applies to certain accounts or investments that are, by statute, tax-reduced, tax-deferred, or tax-free...

 college savings vehicle. Parents create an account, register their children's 529 college plans, and send a link to family and friends. Any contributions they receive go directly into their college funds. The Freshman Fund platform is free to use and open to all 529 college savings plan

529 plan

A 529 plan is a tax-advantaged investment vehicle in the United States designed to encourage saving for the future higher education expenses of a designated beneficiary.- Overview :529 plans are named after section 529 of the Internal Revenue Code...

s. The company's revenues are derived from advertising.

Freshman Fund is headquartered in New York, NY.

History

Founder Jeff Frese came up with the idea behind the business at his niece's 4th birthday party.