Illinois 529 college savings plans
E892091
Illinois 529 college savings plans are state-sponsored, tax-advantaged investment programs that help families save and pay for future education expenses.
All labels observed (3)
| Label | Occurrences |
|---|---|
| Bright Directions Advisor-Guided 529 College Savings Program | 1 |
| Bright Start Direct-Sold College Savings Program | 1 |
| Illinois 529 college savings plans canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T10887290 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Illinois 529 college savings plans Context triple: [Treasurer of Illinois, oversees, Illinois 529 college savings plans]
-
A.
Oregon 529 college savings programs
Oregon 529 college savings programs are state-sponsored, tax-advantaged investment plans that help families save and grow funds for future higher education expenses.
-
B.
Massachusetts College Savings Programs
Massachusetts College Savings Programs are state-sponsored 529 plans that help families save and invest tax-advantaged funds for future higher education expenses.
-
C.
Saving on a Valuable Education (SAVE) Plan
The Saving on a Valuable Education (SAVE) Plan is a U.S. federal income-driven student loan repayment program that bases monthly payments on a borrower’s income and family size and offers eventual loan forgiveness after a set number of qualifying years.
-
D.
U.S. Individual Retirement Accounts
U.S. Individual Retirement Accounts are tax-advantaged investment accounts that allow individuals in the United States to save and invest for retirement under specific IRS rules and contribution limits.
-
E.
North Carolina ABLE savings program
The North Carolina ABLE savings program is a state-sponsored, tax-advantaged savings plan that allows eligible individuals with disabilities and their families to save and invest money for disability-related expenses without jeopardizing means-tested public benefits.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Illinois 529 college savings plans Target entity description: Illinois 529 college savings plans are state-sponsored, tax-advantaged investment programs that help families save and pay for future education expenses.
-
A.
Oregon 529 college savings programs
Oregon 529 college savings programs are state-sponsored, tax-advantaged investment plans that help families save and grow funds for future higher education expenses.
-
B.
Massachusetts College Savings Programs
Massachusetts College Savings Programs are state-sponsored 529 plans that help families save and invest tax-advantaged funds for future higher education expenses.
-
C.
Saving on a Valuable Education (SAVE) Plan
The Saving on a Valuable Education (SAVE) Plan is a U.S. federal income-driven student loan repayment program that bases monthly payments on a borrower’s income and family size and offers eventual loan forgiveness after a set number of qualifying years.
-
D.
U.S. Individual Retirement Accounts
U.S. Individual Retirement Accounts are tax-advantaged investment accounts that allow individuals in the United States to save and invest for retirement under specific IRS rules and contribution limits.
-
E.
North Carolina ABLE savings program
The North Carolina ABLE savings program is a state-sponsored, tax-advantaged savings plan that allows eligible individuals with disabilities and their families to save and invest money for disability-related expenses without jeopardizing means-tested public benefits.
- F. None of above. chosen
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
529 college savings plan
ⓘ
529 college savings plan ⓘ 529 college savings plan program ⓘ state-sponsored education savings program ⓘ |
| accountOwnerEligibility | U.S. person with valid taxpayer identification number ⓘ |
| accountOwnerRetainsControl | true ⓘ |
| administeredBy |
Illinois State Treasurer
ⓘ
linked to:
Treasurer of Illinois
|
| beneficiaryCanBeChanged | true ⓘ |
| beneficiaryEligibility | U.S. citizen or resident alien with Social Security number or taxpayer identification number ⓘ |
| canBeUsedAt |
eligible colleges and universities nationwide
ⓘ
many eligible institutions outside the United States ⓘ |
| contributionLimitType | no annual federal contribution limit but subject to gift tax rules ⓘ |
| country |
United States
ⓘ
linked to:
United States of America
|
| eligibleUse |
books and supplies
ⓘ
certain K-12 tuition (subject to federal limits) ⓘ certain apprenticeship program expenses ⓘ fees ⓘ qualified higher education expenses ⓘ room and board ⓘ student loan repayment (subject to federal limits) ⓘ tuition ⓘ |
| federalLawFramework | Internal Revenue Code Section 529 ⓘ |
| feeTypes |
advisor fees for advisor-sold plan
ⓘ
program management fees ⓘ underlying fund expenses ⓘ |
| hasComponentPlan |
Bright Directions Advisor-Guided 529 College Savings Program
ⓘ
linked to:
Illinois 529 college savings plans
Bright Start Direct-Sold College Savings Program ⓘ
linked to:
Illinois 529 college savings plans
|
| investmentOptionsInclude |
age-based portfolios
ⓘ
individual fund options ⓘ static portfolios ⓘ |
| lifetimeContributionLimit | plan-specific aggregate limit per beneficiary ⓘ |
| marketingName |
Bright Directions
ⓘ
Bright Start ⓘ |
| minimumContribution | plan-specific minimum initial and subsequent contribution requirements ⓘ |
| penaltyOnNonqualifiedWithdrawals | federal income tax on earnings plus additional 10 percent federal tax on earnings (subject to exceptions) ⓘ |
| primaryPurpose | saving for future education expenses ⓘ |
| residencyRequirementToOpen | none for Bright Start ⓘ |
| residencyRequirementToReceiveStateTaxBenefits | Illinois residency required ⓘ |
| risk | subject to market risk and possible loss of principal ⓘ |
| sponsoredBy |
State of Illinois
ⓘ
linked to:
Illinois
|
| state | Illinois ⓘ |
| taxAdvantaged | true ⓘ |
| taxTreatmentFederal |
earnings grow tax-deferred
ⓘ
qualified withdrawals are tax-free ⓘ |
| taxTreatmentState | Illinois state income tax deduction for contributions (subject to limits) ⓘ |
| website |
https://www.brightdirections.com
ⓘ
https://www.brightstart.com ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Illinois 529 college savings plans Description of subject: Illinois 529 college savings plans are state-sponsored, tax-advantaged investment programs that help families save and pay for future education expenses.
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
Illinois 529 college savings plans
→
hasComponentPlan
→
Bright Start Direct-Sold College Savings Program
ⓘ
linked to: Illinois 529 college savings plans
Illinois 529 college savings plans
→
hasComponentPlan
→
Bright Directions Advisor-Guided 529 College Savings Program
ⓘ
linked to: Illinois 529 college savings plans