Contributing to an IL ABLE Account

  • Annual contributions totaling up to $17,000 can come from any source: the Account Owner, family, friends, small inheritances, fund-raisers, small insurance settlements, crowd funding, and third parties.
  • Contributions to an IL ABLE Account can be made one time or can be set up to be recurring. There are several methods by which to contribute: electronically, by check or through payroll direct deposit.

Ways to Contribute to an IL ABLE Account

  • Check: Mail a check along with a completed Additional Contribution Form.
  • Electronically: Contribute via a Wire Transfer or Electronic Funds Transfer (EFT).
  • Payroll Direct Deposit: An Account Owner, Authorized Individual, family member or other supporter can establish a recurring Payroll Direct Deposit if it is offered by their employer. Complete the Payroll Direct Deposit form to begin the process.
  • UGift®: UGift is an easy way for family members, friends and others to contribute directly to an IL ABLE Account. For more information, visit UGift.
  • Rollover from another ABLE Account: An Account Owner may only own one ABLE Account at one time anywhere in the country. If you want to change Account ownership from another ABLE program to the IL ABLE Plan, the rollover can be done for the same Account Owner or for an Account Owner's sibling. ABLE Account rollovers can be initiated by submitting a completed Incoming Rollover Form. Please read the IL ABLE Plan Disclosure Booklet carefully before initiating a rollover and follow the instructions carefully.
  • Rollover from a 529 College Savings Account: A rollover from a 529 college savings account, such as Bright Start College Savings, into an IL ABLE Account can be made for the beneficiary of the 529 college savings account or for a member of the family of the 529 college savings account beneficiary. 529 college savings account rollovers can be initiated by submitting a completed Incoming Rollover Form. Please read the IL ABLE Plan Disclosure Booklet carefully before initiating a Rollover and follow the instructions carefully.

Read the Plan Disclosure Booklet.