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Invest in a more sustainable future for the next generation.
Investing in the next generation is one of the most impactful decisions you can make. By establishing a Domini account for your children or grandchildren, you can invest in their future success while helping ensure that the future we leave them is more sustainable.
Education & Custodial Accounts
You can open an education or custodial account on behalf of a minor for as little as $1,500. You don’t need to be a parent to contribute. Grandparents, aunts, uncles, and even non-family members can invest on behalf of a child. We offer two options:
A Coverdell Education Savings Account (ESA) is a tax-advantaged custodial account used to save for educational expenses, from elementary school through college. You can generally make Coverdell ESA contributions of up to $2,000 per year, per child. Contributions are tax deferred, meaning any growth in the account would not be subject to income or capital gains taxes when the beneficiary pulls money out, provided that the funds are used for qualified educational expenses.
UGMA (Uniform Gifts to Minors Act) and UTMA (Uniform Transfers to Minors Act) are types of custodial accounts that allow a parent or custodian to invest on behalf of and in the name of a minor. For 2025, each contributor may invest up to $19,000 before triggering the federal gift tax. The custodian controls and manages the account on behalf of the minor until the minor reaches the custody age of majority, which is generally 18 or 21 but varies by state.
The above information is not intended to be tax, investment, legal or other advice or recommendations. Please consult a professional advisor for tax, legal and investment advice. State and local income tax laws may vary.
The Domini Difference
- Our Impact Investment Standards are underscored by two fundamental goals: universal human dignity and ecological sustainability.
- We conduct in-depth, qualitative research on the environmental and social impacts of all our investments. We never rely on third-party ratings.
- In accordance with our exclusionary standards, the Domini Funds are free of fossil fuels, firearms, for-profit prisons, and more.
- We amplify the impact of your portfolio by engaging with companies on important environmental and social challenges.
- We are committed to helping build strong, sustainable communities and promoting a more just and equitable society.
Open a Domini account and start Investing for Good® today.