Downingtown Student Starts a New Foundation to Help Financially Challenged Families in Chester County

05.30.2007 - Downingtown Student Starts a New Foundation to Help Financially Challenged Families in Chester County

 

Exton, Pennsylvania, May 30, 2007 - The board and officers of The Pledging Tree Foundation met to discuss the progress and future strategies of the foundation. The Pledging Tree Foundation, incorporated with the State of Delaware, has been gathering much support from the community. Various businesses and individuals have pledged their support to TPTF and its mission.

 

According to Prerna Singh, a senior at Downingtown High School West and President of The Pledging Tree Foundation, "The Pledging Tree Foundation is an organization that not only helps financially challenged families monetarily but also helps them plan for their futures."

 

She added,"The program is based upon a matching system where The Pledging Tree Foundation matches dollar for dollar the contribution made by a family enrolled in the program. Families can contribute any amount and The Pledging Tree will match up to $100/month for one year. Each month, the money will be put in some type of investment/529/savings account. After the one year, the family will receive all the money that has been saved for any use, such as spending it for college or retirement.As part of our program, we will mentor families to continue with this approach throughout the rest of their lives. The Foundation plans to open the application process in Fall 2007 to all families who have a total household income less than $40, 000/year."

 

The Foundation plans to open the application process in Fall 2007 to all families who have a total household income less than $40, 000/year.

 

TPTF's leadership is comprised of individuals from various backgrounds, ranging from the pharmaceutical to the construction and planning fields

 

Officers

  • President, Prerna Singh (Senior, Downingtown High School West)
  • Vice President, Vijay Yadav (IS Manager, AstraZeneca Pharmaceuticals)
  • Treasurer, Lauren Hammond (District Sales Manager, Johnson & Johnson Consumer Group)
  • Secretary, Seema Singh (Social Worker)

 

Board of Directors

  • Chairman, Matthew Hammond, (Vice President and Board Member, Traffic Planning & Design, Inc.)
  • Member, Vijay Yadav, (IS Manager, AstraZeneca Pharmaceuticals)
  • Member, Victoria Taylor, (Senior Paralegal, AstraZeneca Pharmaceuticals)
  • Member, Kate Campbell (English Teacher, Downingtown High School West)
  • Member, Seema Singh (Social Worker)

 

Selection Committee

  • Chairman, Andrew Romberger (Associate Attorney, Fox Rothschild LLP)
  • Matthew Hammond (Vice President and Board Member Traffic Planning & Design, Inc.)
  • Lauren Hammond, (District Sales Manager, Johnson & Johnson Consumer Group)
  • Kate Campbell, (English Teacher, Downingtown High School West)
  • Victoria Taylor, (Senior Paralegal, AstraZeneca Pharmaceuticals)
  • Prerna Singh (Senior, Downingtown High School West)

 

The team at The Pledging Tree Foundation is excited to lead philanthropic work in the area and to make a meaningful contribution to the financial health of the community.

 

“Goal setting and acting upon it, is the key to the financial success. Based on a study by Harvard business school, 13% of students with unwritten goals were earning on average 2 times as much as the 84% with no goals. The 3% of students with written goals were earning on average 10 times as much as the 97% with either no goals or unwritten goals.”