The Pledging Tree Foundation is a Delaware state incorporated non-profit, sponsor and donor supported foundation that strives to bring a positive change in financially challenged communities all across US. The foundation is filed under 501 (C) (3).
The Pledging Tree Foundation (TPTF) was founded by Prerna Singh, a senior at Downingtown High School West. It started with an aim to cultivate a disciplined savings approach among financially challenged families in local communities. TPTF pledges to help those who are pledging to help themselves by saving for their better future.
For more information visit website:
#The Foundation will identify families with low-income status (defined as families whose total household income is $40,000/year or less).
# Candidate families will be chosen and enrolled into the Foundation by a selection committee.
# The Foundation will enlist sponsoring companies to pledge funds to match the savings of enrolled families. The minimum commitment from each sponsoring company is $1200/year to sponsor one family, but companies are welcome to sponsor additional families.
# Once the family is approved, they will be required to open a specific type of account (either 529 Plan or an investment account) with one of the banks/investment companies we have listed as sponsors.
# Each month, the enrolled family will send a check to The Foundation for any amount and the Foundation will match the amount of money up to $100/month. The money will then be deposited by The Pledging Tree Foundation to the selected financial institution.
# The Pledging Tree Foundation will match funds for twelve months only. After the completion of twelve months, it will be the responsibility of the family to continue contributing to their funds until they realize their goals