Trust Funds for All Children is happening!

Parents, family members, and friends have successfully set up a TFAC Trust Fund for the first six children!

We learned a few important insights from this pilot project.

To grow the TFAC Trust Fund program to scale, we determined we need to provide an incentive for parents and grandparents participation. To that end, we are planning to invite corporations (especially larger ones) to partner with employees who would like to create a TFAC Trust Fund for each of their children. If the parents fill seven of the monthly $11 slots until the child is 20 years old, the employer will fill the remaining three slots. We anticipate this will not be difficult for the parents to do: mom and dad are two, grandparents are four more, and one friend fills the seventh slot.

If this is accomplished, as a bonus the employer will also participate with the parents by matching, up to a certain amount per month, contributions (now also those of other family members and friends) to the child’s 529 College Savings Plan. 

The contribution to the TFAC Trust Fund by the company would be only $396 a year per child, which as an additional employee benefit nearly any corporation can afford. It is also a tax deduction. And today the average family has less than two children.

They then determine how much they are willing to match the contributions to the 529 plan. Most important, they have now established a pattern of not just the parents contributing but also family members and friends making contributions to it as well. This is important to have the college savings plan grow. As you may know, only parents with substantial income have been launching 529 College Savings Plans for their children. Launching the TFAC Trust Fund first will stimulate many to also contribute to it, not just the parents.

It is our goal to get many large corporations, such as Salesforce, Apple, Google, Netflix, Amazon, to be part of a very public Trust Funds for All Children Launch Day. On that day we will announce all the companies that have committed to partnering with their employees to set up a TFAC Trust Fund for each of their children. We will also encourage all corporations to make the same commitment.

During the pandemic, many corporations were very publicly chipping in to be helpful to society. We want to capitalize on this new common good corporate spirit by encourage the corporate community of Earth to take the lead to end poverty by cooperating to set something in motion all will see will eventually end poverty: Trust Funds for All Children!

We have also learned on that day we could ring the opening bell on the Nasdaq!

We will soon be in a conversation with the Secretary of the Treasury of CA to propose we combine Trust Funds for All Children with a program for which they already have a $25 million budget. If they like our proposal, we will do it with them. If not, we are clear we will do it on our own.

We are receiving significant support from Leaders on Purpose, an association of the CEOs of major corporations, and are in conversations with similar groups to get their support. 

We are crystal clear this taking TFAC to scale is the next step for Trust Funds for All Children. We are also confident we will be able to achieve this goal.

We will periodically send you updates. Thank you for your continued support of TFAC!