TPTF Board Names New Board of Directors and Chairman for 2011

Downingtown, PA (December 10, 2010) — The Pledging Tree Foundation (TPTF) is pleased to announce that David Hoyer has been named as the new Chairman for TPTF’s board of directors for a one-year term. Eric Daugherty will assume the board position of Director of Financial Education, succeeding Mr. Hoyer.

Mr. Hoyer will succeed Matt Hammond, who has served as Chairman of the Board since July 2007. Among Mr. Hammond’s main achievements was spearheading the growth of TPTF, from its inception in 2007. Under his leadership, TPTF has sustained tremendous growth and has grown to service Chester and Delaware counties.

“The expansion of TPTF’s Board of Directors ensures the organization will continue to benefit of experience and opinions. After an extensive search, we determined that Dave and Eric were the best candidates because of the extensive wealth of knowledge they bring to the role,” said Prerna Singh, President and Chief Executive Officer of TPTF.

TPTF provides services to help financially challenged families learn how to save. To bring a long lasting impact on these families, The Pledging Tree Foundation aims to educate families about improving and maintaining financial well-being through a matching savings program and workshops. Highly qualified financial advisors and representatives from financial institutions will conduct quarterly workshops on topics ranging from saving for the future to recovering from credit card debt and much more.

For more information about TPTF and its mission, please visit our website, at

TPTF and the board express their sincere gratitude to Mr. Hammond for his key leadership over the past three years.

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