By Gretchen Reed, CFO
Gretchen Reed joined OES in 2015. She has more than two decades of experience in education and nonprofit finance, including serving as CFO at other independent schools, association executive, assistant treasurer of a liberal arts college, and an investment banker for public and nonprofit clients. Her volunteer experience includes being president, search chair, treasurer and parent committee president for several nonprofits and schools. She earned her AB from Occidental College and her MBA from Northwestern University’s Kellogg School of Management.
Many families are aware that the new Federal Tax Act includes a provision allowing the use of 529 accounts for paying the cost of up to $10,000 of K–12 public, private, or religious elementary or secondary school per student per year. As a result, I am hearing a lot of OES parents asking the logical question, “Can I use a 529 plan to pay OES tuition?”