Sponsorships are at the core of the Sponsor-A-Scholar (SAS) model. Each SAS student is matched with a sponsor who contributes $7,500 for that student – $6,000 of which is disbursed directly to the student over the course of his or her college career. The remaining $1,500 is retained by Philadelphia Futures to help cover the cost of the student’s SAS high school academic programming.
For SAS high school students, sponsorships are a powerful incentive to excel in their studies and prepare for college. Once in College, sponsorship funds provide critical financial support to SAS students for books, travel to and from school and other college-related expenses. Students receive sponsorship funds on a semester-by-semester basis once the student enrolls in college.
Sponsors receive annual written reports on their students during high school, and they are invited to participate in ongoing Philadelphia Futures events, including celebrations of students’ milestones. Sponsors also are encouraged to call our staff at any time to learn more about their students or to arrange to meet their students.
Sponsorships can be funded with a one-time payment of $7,500, or may be paid over a five-year period. Our sponsors include individuals, businesses, foundations, civic and religious groups – all of whom share a common belief in the power of education.
Because Philadelphia Futures is a 501 (c )(3) nonprofit charitable organization, your contribution is tax deductible. Philadelphia Futures also can accept gifts of stock, which may present an additional tax benefit to sponsors.