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Layla & Sofie's 529 College Savings

$44,653 of $50,000 goal

Raised by 203 people in 14 days
On Sunday, September 30th, Ritesh (Reet) Patel tragically passed away in High Point, NC at the very early age of 39 leaving behind his wife, Swati, and their 2 beautiful twin girls, Layla and Sofie. Swati and Reet’s mother were out shopping for the girl’s upcoming 2nd birthday when they received the phone call from Reet’s father that conveyed the news that unfortunately changed their lives forever. All of a sudden, a mother and a father no longer have their son, a wife no longer has her husband, two daughters no longer have their father, and many of us, no longer have our friend. As one could imagine, this continues to be a very tough time for Swati, Reet’s parents, sister, family and friends. In an effort to help the family with the unexpected transition, we’d like to provide some financial support to help lessen the load that will be endured by Swati as a single mother to two young girls, and the ever rising costs of college tuition.

Therefore, in memory of Reet and to help set a solid foundation for Layla and Sofie’s future higher educational needs, we would like to utilize this campaign to raise funds for a 529B College Saving’s Account for the girls that will ultimately be gifted to them for their upcoming 2nd birthday later in October (as a surprise). The account will be administered by Columbia Threadneedle (SC Future Scholar Plan) and managed by Gabe Gregory of Edward Jones Financial out of Indian Land, SC. Swati will be the named account holder with both Layla and Sofie being named as the sole beneficiaries. The funds from the 529 account can be used by Layla and Sofie for any higher educational expenses where the proceeds will be tax free upon withdrawal for qualifying expenses. The immediate goal is to raise $50,000 which is projected to grow to well over six digits in the next 16 years (the expected time until the girls will go to college) assuming a 6% compounded growth rate.

Thanks for your generosity and thoughtfulness as the family goes through this challenging time. We are sure they will be very grateful for your contributions, thoughts, and ongoing prayers! Let’s make Layla and Sofie’s 2nd birthday truly special!
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Layla and Sofie receiving their college funds! Swati was filled with a mixture of emotions ultimately grateful for the support from each and every one of you.

The real check will be for well over $40k+!
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Wow! Over $12k raised in less than 24 hours and more than $30k raised in just one week. This is only possible because of each one of you. The love you guys have shown during this tough time is difficult to express in words alone. However, the result of this campaign has shown the power of a group coming together for a common cause.

A quick update, we have decided to officially end the GoFundMe campaign this upcoming Saturday, October 20th, at noon. Later that day, a few of Swati’s immediate family members will be presenting Layla and Sofie their surprise 2nd birthday gift! We can’t wait to see their reaction.

As a reminder, Layla and Sofie turn 2 on Thursday!

Once again, thank you for your continued support. Your ongoing prayers and outreach has been incredible and comforting. Reet, Swati, and the girls are truly fortunate to have such a loyal group of friends and family!
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A few quick updates and information to share:

1) More information on the SC Future Scholar 529 Plan can be found here:

https://www.columbiathreadneedleus.com/content/columbia/pdf/FS_CLIENT_BROCHURE.PDF

2) Some have asked if it will be possible to contribute to Layla and Sofie’s 529 savings account once the GoFundMe campaign is over. I’m pleased to inform everyone that it will indeed be possible. The contribution checks can be sent directly to:

Edward Jones Financial
Gabe Gregory
RE: Layla and Sofie's 529
8449 Charlotte Highway
Indian Land, SC 29707

Thanks.
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$44,653 of $50,000 goal

Raised by 203 people in 14 days
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PP
$51
Pravin and Little Patel
14 hours ago
NN
$501
Nima Naik
1 day ago
RL
$100
Rhonda Laine
1 day ago
AP
$251
Akash Patel
2 days ago
JM
$101
Jitain Mohun
2 days ago
$50
Dan Adams
2 days ago
JV
$100
Jason Vaughn
2 days ago
AN
$501
Amul and Jyoti Naik
2 days ago
RD
$50
Reid Doyle
2 days ago
$101
Manoj Pandoria
2 days ago
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