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Providence Promise logo — Every child deserves the advantages of higher education.

Providence Promise

Every child deserves the advantages of higher education.

Founded 2017 United States Providence, United States 12 employees Grant Total: $15.00K Education

General Information

Company Name Providence Promise
Founded Year 2017
Location United States Providence, United States +1
Employees 12
Industries Education
Funding Stage Grant
Social

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About Providence Promise

Providence Promise is an educational startup with the slogan "Every child deserves the advantages of higher education." Founded in 2013 in the United States, its mission revolves around promoting high educational aspirations and more equitable opportunities for Providence Public School students. The company advocates for college savings accounts, family engagement, financial literacy, and reducing the financial burden of higher education. The startup's key program features include early enrollment, where parents/guardians can enroll their children as early as birth. Upon enrollment, families open a 529 College Savings Account for each child, contributing an average of 1% of their income. Providence Promise provides an initial contribution of $100 to each child’s account and offers incentives through its Early Scholarship Program, encouraging families and children to build their college savings by achieving certain goals or participating in qualified activities. In addition, the company facilitates ongoing Family and Youth Programming through various events, workshops, meetings, and resource sharing around college preparation, access, financial literacy, and family empowerment. It hosts at least four workshops per month, as well as monthly Parent Council and Youth Council meetings. Furthermore, Providence Promise runs a Mentorship Program for middle and high school students, matching them with mentors from local colleges and universities. The startup collaborates with each student and their family to identify the higher education choices that best fit their needs and goals, as well as to identify financial aid opportunities. Their last investment of $10.00K was received as a grant on 31 July 2023 from Centreville Bank. With its vision and focus, Providence Promise demonstrates a commitment to creating positive educational and financial outcomes for the community.

Taxonomy: College Savings, Financial Literacy, Family Engagement, Education Advocacy, Youth Programming, Mentorship Program, Parent Council, Higher Education, 529 Plans, Student Financial Aid

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Grant •••••• 1
Investor
31 Jul 2023
Grant •••••• 1 •••• •••• 10 Feb 2022

Providence Promise Alternatives & Competitors

Providence Promise vs
Step Up For Students
Step Up For Students United States

Every child deserves a chance to succeed.

451 employees
Education
Providence Promise vs
Arizona Council On Economic Education
Arizona Council On Economic Education United States

A 501(C)3 nonprofit organization dedicated to economic and financial literacy, and workforce develop...

20 employees
Education
Providence Promise vs
NCSEAA
NCSEAA United States

NC State Education Assistance Authority

67 employees
Education, Finance

FAQ About Providence Promise

Every child deserves the advantages of higher education.
Providence Promise was founded in 2017.
Providence Promise is headquartered in Providence, United States.
Providence Promise operates in the following industries: Education.
Providence Promise has approximately 12 employees.
Providence Promise has completed 2 funding rounds, raising a total of $15.00K. The latest funding stage is Grant.
Top alternatives and competitors to Providence Promise include Step Up For Students, Arizona Council On Economic Education, NCSEAA, Oakland Promise, Philadelphia Futures. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Providence Promise and Step Up For Students are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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