Helping to bridge the education equity gap by turning student engagement in health and sustainability behaviors into funds for school
As little as $1000 in debt can force a student to drop out of school. This impacts not just the student (a cohort of entering students who drop out can lose $3.8 Billion in lifetime income) but their college or university which stand to lose an average of $13 Million annually due to attrition.
Imagine students being able to pay a portion of their school expenses with a ‘currency of good’ they earned for verifiable engagement in beneficial behaviors such as riding the bus, biking, recycling, taking a fitness class, completing a mindfulness module and volunteering. And what if every dollar students committed toward such school-related expenses unlocked matching funds from a charitable foundation.
All of this is now possible with PIPs for School, a program offered to higher education institutions that are subscribers to the PIPs Rewards App, owned and operated by the women-led Certified B Corp, 3P Partners, Inc. Student users of the PIPs App earn PIPs (‘Positive Impact Points’) for taking verifiable actions that deliver personal, community and planetary benefit – actions such as riding the bus, biking, bike and ride sharing, refilling water bottles, recycling, volunteering, taking a fitness class or attending a sustainability workshop.
They can then use their well-earned PIPs in a variety of ways: They can 1) redeem them for gift cards, credits and deals on healthy food, fitness classes, clothing, gear and experiences, 2) donate them or gift them to a friend, or 3) save them up and convert them into a PIPs for School (P4S) scholarship grant to be used to help pay school expenses. The latter unlocks a PIPs Education Fund (PEF) grant.
To learn more about PIPs for School, click here.
The PIPs Education Fund (PEF) is a New York State 501(c)(3) public foundation. The PEF makes grants to institutions of higher education that are PIPs App subscribers. The PEF grants are earmarked for student-users of the PIPs App who have saved up the PIPs they earned making everyday healthful and environmentally friendly decisions and converted them into a P4S scholarship grant awarded by 3P Partners. 3P makes the P4S scholarship grants to the university at the end of a semester and earmarks it for the students to put towards their next semester school fees.
The PEF grant is at least equal to and could be as much as two times the dollar value of the P4S scholarship grant. So a student who converts 20,000 PIPs into a $200 P4S scholarship grant from 3P could receive an additional 2:1 matching grant of $400 from the PEF. A student needs a minimum of 10,000 PIPs (=$100) and can convert up to 50,000 PIPs (=$500) into a P4S grant in an academic year, unlocking as much as $1000 in matching funds from the PEF.
Based on funds available, PEF decides how large the match will be at the beginning of a semester.
Eligibility for PEF Grants
To be eligible to receive matching funds from the PEF, a student must:
- 1Be enrolled at a higher education institution that is a subscriber to 3P’s PIPs App,
- 2Be a user of the PIPs App, and
- 3 Have saved up and successfully converted between 10,000 and 50,000 PIPs into a P4S grant.
To learn more about PEF eligibility and the university approval process, click here.
Multiply the Impact
It is thanks to gifts from donors like you, that the PEF, a 501(c)(3) public foundation, is able to make matching grants to eligible students engaging in beneficial behaviors on and around their campus. Indeed, our goal is to raise enough funds that we are able to provide not just 1:1 but 2:1 “bridging the gap” matching funds to every student who by making everyday good choices tracked and awarded through the PIPs App has earned enough PIPs to successfully unlock a P4S grant.
We do so appreciate your support. Using the secure payment tool below, you may make monthly donations of as little as $5 or a one-time donation of an amount of your choice. You may also designate the school where you would like the funds to go.
I learned to bike so I could earn more PIPs for PIPs for School.
We are very concerned with keeping college affordable. We are also concerned with the financial wellness of students. When PIPs was presented to us, it aligned with our goals on many fronts.
Adding the scholarship component knits together the whole endeavor of points-for-good in the higher education sector. The agency it gives students is appealing, and it should be attractive to individual donors and foundations who want to support scholarships and the kinds of “goods” that PIPs rewards.