Participating companies are defined as businesses which provide a product or service to members and sponsors. A family only needs one account regardless of the number of children in the immediate family unit of whom will ultimately access the account. Members will receive quarterly statements of account when there has been transactions reported during the previous quarter. Members designate funds from their account through keys to college Education Network, inc. Members Services to approved educational institutions including appropriate usage of their fund monies that have been determined by the Board of Directors.
Members have no control over any other funds in the trust.
Members only control money accumulated in their own Participant Account according to the rules and regulations. The trustee at the direction of the Board has final control over all trust funds. Program's features and benefits are subject to change through any accumulated funds in Participant's Account will remain unaffected. All interests, gains or profits generated on the trust account will be paid to the keys to college Educational Network, inc. to be used for charitable causes and scholarships distributed among members and other college bound individuals, who are not members, at the direction of the Board of Directors and the Chief Executive Officer. Funds in a Member's Participant Account may be used by any immediate member of the family whose names have been designated on the original application for membership.