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OFFICE OF ILLINOIS STATE TREASURER (Illinois State Treasurer's Office)

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OFFICE OF ILLINOIS STATE TREASURER
MICHAEL W. FRERICHS
Bright Start Fallen Heroes
Scholarship Program Application
Purpose
To provide scholarships to eligible children of individuals who were killed in the line of duty and
who served as a member of the armed services, an Illinois law enforcement officer, an Illinois
paramedic, or an Illinois firefighter (“Fallen Heroes”), on the terms and conditions set forth in this
Bright Start Fallen Heroes Scholarship Program (“Program”) Application (“Application”).
Who Can Apply
Children, including stepchildren and adopted children, under thirty years old of Fallen Heroes
(“Beneficiaries” or “Applicants”) may apply. The required documentation to establish Beneficiary
status is set forth below. Applicants need not be enrolled in an undergraduate program, and awards
may be deferred for future use.
The Scholarships
The Program will award $1,000 scholarships. Prior recipients of a scholarship under the Program
are not eligible.
Application Process
The Beneficiary, or the Beneficiary’s parent or guardian, if the Beneficiary is a minor, is required
to complete and sign the Bright Start Fallen Hero Scholarship Program Application
(“Application”), and return all required documentation by mail to Office of the Illinois State
Treasurer, Fallen Heroes Scholarship, 100 W. Randolph St., Suite 15-600, Chicago, IL 60601, or
by e-mail to FallenHeroes@IllinoisTreasurer.gov.
The Notification Process
Upon receipt of a signed Application and all required documentation, the Office of the Illinois
State Treasurer (“Sponsor”) will review the Beneficiary’s materials and make a determination of
whether the Beneficiary will be selected. If selected, the Sponsor will notify the Beneficiary, or
his/her parent or guardian, as applicable, and take the necessary steps to open a Bright Start College
Savings Program account and deposit the scholarship into such account. The beneficiary of such
account will be the Beneficiary identified in this Application. The scholarship will be invested in
an Age-Based Portfolio based on the age of the Beneficiary.
Scholarship Administration
All scholarships will be invested in a Bright Start College Savings Program account owned by the
Sponsor on behalf of the Beneficiary listed on this Application. To keep account information
secure, only certain individuals authorized by the Sponsor will be allowed to give instructions for
the disbursement of funds (e.g. request a distribution) with respect to the account. Both the Sponsor
and the Beneficiary designated by the scholarship will receive Bright Start quarterly statements.
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Office of the Illinois State Treasurer Bright Start Fallen Heroes Scholarship Program Application – V02252019
How May the Scholarships be Used?
The Beneficiary may use the scholarship funds toward the payment of “qualified higher education
expenses,” for attendance at an “eligible educational institution” as those phrases are defined in
the Internal Revenue Code, 26 U.S.C. 529. Generally, qualified higher education expenses include
tuition and fees required during years the Beneficiary is enrolled at an eligible educational
institution. An eligible educational institution includes most accredited public, nonprofit and
privately-owned for-profit postsecondary institutions.
When the Beneficiary incurs qualified higher education expenses, he/she may submit a withdrawal
form (available at www.brightstart.com) to the Sponsor to request payment directly to his/her
eligible educational institution. Bright Start is required pay the school directly.
Rules and Restrictions
Scholarships will be subject to all terms and conditions set forth in this Application, including but
not limited to the following:
1. The total scholarship award (the “Award”) will consist of the dollar value of the award plus
earnings, if any, while invested in a Bright Start account. The Award may not have earnings
and may lose value.
2. The Award can only be used for the designated Beneficiary’s qualified higher education
expenses at his or her eligible educational institution. The Award is non-transferable and
non-assignable.
3. An Award cannot be awarded as cash to the recipient nor withdrawn at any time for cash.
4. All decisions of the Sponsor with respect to interpretation and implementation of this
Application will be within the sole discretion of the Sponsor and will be final.
5. If there is an existing Bright Start account for the Beneficiary, no action is needed with
respect to such account; however, the Award cannot be deposited into such account.
6. Scholarship funds cannot be deposited into Bright Start if the deposit would cause the
aggregate account balance for the Beneficiary to exceed the maximum account balance
limit amount. This limit is based on all accounts for the same beneficiary invested in any
of the state of Illinois 529 plans regardless of the account owner.
7. The Beneficiary will not have any ownership rights, title, interest in, power, or control over
the Award or the Bright Start College Savings Program account established with respect
thereto.
8. The Award will be invested in an Age-Based Portfolio under the Bright Start College
Savings Program, based on the age of the designated beneficiary, for the life of the account.
9. An Award may be forfeited at any time if:
(a) The Sponsor determines that the Beneficiary provided untrue or incomplete
information on the Agreement;
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Office of the Illinois State Treasurer Bright Start Fallen Heroes Scholarship Program Application – V02252019
(b) Funds in the Bright Start account established with respect to a designated
Beneficiary have not been used by the time the Beneficiary has reached 30 years of
age; or
(c) The designated Beneficiary dies, becomes disabled or wins another scholarship
such that the proceeds in the account are not necessary to pay the Beneficiary’s
qualified higher education expenses.
10. The Sponsor determines in its sole discretion the manner in which an account’s proceeds
will apply in the event of forfeiture.
Taxation Notice
The Sponsor has designed the Program so that, under current law, the Award, the earnings on the
Bright Start account established with such Award, and distributions from the Bright Start account
to pay the Beneficiary’s qualified higher education expenses may not be considered federal taxable
income to the Beneficiary. However, the Internal Revenue Service could take a contrary position.
The Sponsor does not provide tax advice and the Sponsor does not warrant or guarantee that any
tax results will be achieved. The Beneficiary must meet certain requirements of the Internal
Revenue Service at the time the Award is used, and if the Beneficiary does not meet those
requirements some or all of the Award may be included in his or her taxable income. Section 529
Plans, including Bright Start, are intended to be used only to save for qualified higher education
expenses and are not intended to be used, nor should they be used, by any taxpayer for the purpose
of evading federal or state taxes or tax penalties. Taxpayers are responsible for obtaining their own
independent tax advice with respect to participation in the Program and may wish to seek tax
advice from an independent tax advisor based on their own particular circumstances.
Authority of Sponsor
The Sponsor is responsible for the implementation and interpretation of the Bright Start Fallen
Heroes Scholarship Agreement. All decisions of the Sponsor will be final.
Amendment of Rules and Restrictions
The Sponsor may amend or supplement the Bright Start Fallen Heroes Scholarship Application at
any time.
Non-Discrimination
All awards are made without regard to the Applicant’s race, color, religion, sex, national origin,
ancestry, age, order of protection status, marital status, physical or mental disability, military
status, sexual orientation, or pregnancy.
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Office of the Illinois State Treasurer Bright Start Fallen Heroes Scholarship Program Application – V02252019
Bright Start Fallen Heroes Scholarship Program Application Form
Deadline: This application form (“Form”) and all other required documentation must be submitted
via mail to Office of the Illinois State Treasurer, Fallen Heroes Scholarship, 100 W. Randolph Street, Suite
15-600, Chicago, Illinois 60601 or via electronic mail to FallenHeroes@IllinoisTreasurer.gov
. Applications
must be received via electronic mail or postmarked no later than June 30, 2019. Applications submitted
after June 30, 2019, will be reviewed on a rolling basis based on scholarship availability. All fields and
requested documentation are required. The “Applicant” information requested below is for the intended
beneficiary, unless otherwise noted. Questions may be directed to
FallenHeroes@IllinoisTreasurer.gov or
to (866)465-9724. All capitalized terms used in this Form have the meaning ascribed to them in the
preceding pages or as defined herein.
Applicant’s Name (Last, First):
Applicant’s Date of Birth:
Applicant’s Social Security Number:
Applicant’s Mailing Address:
City: State: Zip Code:
Applicant’s (or Parent/Guardian’s) E-Mail Address:
Applicant’s (or Parent/Guardian’s) Telephone Number:
The following supporting documentation must be submitted contemporaneously with this Application:
□ The birth certificate or adoption certificate of the Applicant clearly stating the name of the Fallen Hero.
In the case of stepchildren, a marriage license clearly stating the name of the Fallen Hero must also be
included.
□ Proof of Illinois residence of Applicant, or parent or legal guardian, as applicable. Acceptable
documentation includes a current Illinois driver’s license, a utility bill issued within 90 days of
application, official mail received from a state, county, city or village, or a Federal Government agency,
or a canceled check or bank statement dated within 90 days prior to application.
□ Official documentation from a Federal agency or an Illinois State or local agency reflecting that the
Applicant’s parent was a Fallen Hero, as defined herein. Acceptable documentation may include
Department of Defense Document DD-1300 or proof of benefits under the Illinois Line of Duty
Compensation Act for the deceased parent.
□ Official documentation from a Federal agency or an Illinois State or local agency reflecting that the
Applicant’s parent was an Illinois resident at the time of death. Acceptable documentation may include
Illinois driver’s license, a utility bill, official mail received from a Federal agency or an Illinois State
or local agency, or a canceled check or bank statement.
Page 5 of 5
Office of the Illinois State Treasurer Bright Start Fallen Heroes Scholarship Program Application – V02252019
CERTIFICATION
I ________________________________ have read and understand the conditions of the
Bright Start Fallen
Heroes Scholarship Program (“Program”) explained in the
Program Application. I give permission to the
Office of the Illinois State Treasurer (“Treasurer”) to release any information I provide in my Application
as the Treasurer deems necessary. I certify that the information in this Program Application is true and
complete. I understand that my scholarship award will be subject to all of the provisions set forth in this
Program Application and to any further requirements as may be set forth by the Treasurer from time to
time. The Treasurer is hereby authorized to verify any information contained in this application.
____________________________________ ____________________________________
Signature of Applicant Date
(or Parent/Guardian if Applicant is under 18)
____________________________________ ____________________________________
Printed Name of Applicant Date
(or Parent/Guardian if Applicant is under 18)
Program Disclosure Statement
An investment in a Bright Start account involves risks and may lose value. All Beneficiaries, and/or parents
or guardians, as applicable, must carefully read the Bright Start Program Disclosure Statement, available at
www.brightstart.com.
1
1
The Office of the Illinois State Treasurer serves as the Trustee of the Bright Start College Savings Program (“Bright
Start”). The Program Disclosure Statement provides important information about the Bright Start College Savings
Program and discusses the risks of investing in the Bright Start College Savings Trust. Investments in the Bright Start
College Savings Program are not insured by the FDIC or any other government agency, and are not a deposit or other
obligation of any depository institution. Investments are not guaranteed by the State of Illinois, the State of Illinois
Treasurer’s Office, or any other entity and are subject to investment risks, including the loss of the principal amount
invested. The Program Disclosure Statement contains more complete information regarding risks, fees, and expenses
associated with Bright Start and for those portfolios that invest a portion of their assets in bank deposits that are insured
by the FDIC or fully collateralized.
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Completed 20 July 2020

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