Are the contributions tax deductible?

Yes. We’ve setup a foundation to give supporters a tax deductible option for their contributions towards the students.

Is there a way for me to start supporting students now?

Yes. Our foundation is raising a fund that will be used to finance the students’ needs. We’ll provide a link to participate in a the coming weeks.

I like the platform and it's goal. I have couple of questions 1) What prevent students to engage in fraudulent activities to raise money unnecessarily as well as who will keep track of their expenditure? 2) for supporters apart from getting tax credit, are there any other bene...

1) We are verifying students' documents (FAFSA forms, class schedules, and enrollment certificates) to verify they are real students with real needs. Students' expenditure will be tracked through a debit card with expense controls and guardrails to make sure money given is being spent on necessary expenses for school. An Arbol advisor will work with each student to help them manage their expenses and become financially literate. 2) Supporters also get an emotional, one-to-one connection with ...

1) To any prospective investors reading this, I suggest reading or listening to “The Privileged Poor” by Anthony Abraham Jack to better understand the problem this startup is targeting. 2) David, have you considered financial incentives for supporters, such as an “income share...

Hi Dani! Thanks for the feedback. 1) Yes, we've followed Anthony Abraham Jack's work closely including his book, NY Times article and his Ted Talk. He's had a big influence on the work that we doing. This article inspired us to take action: nytimes.com/interact…ege-inequality.html Here are a couple other resources we've used for market research: uaspire.org/Report/B… impact on students hope4college.com/col…llege-survey-report 2) Yes, we have explored ISAs but found supporters have a strong pr...

Looks like a great idea & team. Some questions. 1. Are David and Favio planning on transitioning to a full-time role to build Arbol (are they currently)? If not, approx. how many hours per week are being devoted to Arbol? 3. How do you plan to make money, is it a percent o...

1. I have fully transitioned away from my COO role at Kangarootime and started full-time at Arbol effective Jan 1, 2022. Favio plans to join the team in a full-time capacity in the coming months. 2. Favio and I are working well beyond normal working hours. This means long nights and weekends but we are highly motivated to make our vision a reality! We've also added Nahom to the team to maximize our output. 3. Arbol operates on a transaction-based revenue model. We earn monetize contributions ...

Reserve in Arbol | Connecting low-income students with financial + community support

🌱 30 students in beta program; 2 students funded w/ $9K in contributions

🚀4K+ students on waitlist referred by Urban League, D'Youville College and several other partners.

💰20+ supporters subscribed to monthly recurring contributions (GMV) and growing

🎓Graduated from Founder Institute; accepted to 2 accelerator programs

💼 Founded by first-generation college grads w/ startup, fintech, product backgrounds

📈Growing charitable giving market w/ 450BN+ TAM to fund 8M+ students

❤️Launched charitable fund w/ fiscal sponsor which enables supporters to receive tax receipts

Arbol

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