A Promissory Contribution is a personal commitment made by a contributor to a Raise Education account that hasn't been created yet. It serves as a way for anyone to kickstart a Raise Education account for anyone else.
Key Aspects of the Promissory Contribution
Transparency for Contributors: The pledge reassures friends and family who contribute to an Education account that the funds are being used as intended.
Encouraging Financial Responsibility: By making a Promissory Contribution, students develop a sense of accountability for their educational funding and future success.
Not Legally Binding: The Promissory Contribution is a moral and personal agreement rather than a legally enforceable contract.