Individual Member Pledge Agreement

  1. The agreement for the pledge and subsequent donation of charitable funds (Individual Member Donor Pledge Agreement) is made as of the date of this registration (Effective date) between the Registrant, (Individual Member Donor), and OnePercent for Education, a California nonprofit public benefit corporation exempt from taxation under Internal Revenue Code section 501(c)(3).
  2. Individual Member Donor hereby pledges to make a recurring annual donation (the Gift) to OnePercent for Education for the benefit of approved educational Nonprofit Partner(s) of OnePercent for Education (Nonprofit Partners) in a dollar amount equal to OnePercent of the metric specified in Individual Member Donor’s registration form or in the specific dollar amount specified in Individual Member Donor’s registration form. Individual Member Donor acknowledges that for each Gift made OnePercent for Education will consider a maximum of 95% of their Gift amount as restricted to OnePercent for Education’s Achievement Fund and a minimum of 5% of their Gift amount as free from restrictions. Individual Member Donor further acknowledges that they may choose to adjust the portions of their Gift(s) that are restricted and free from restrictions provided that they adhere to the maximum and minimum as stated in this section of the Individual Member Donor Pledge Agreement.

    A portion of the Gift (up to 33% of the dollar value) may be satisfied in the form of volunteer hours or in-kind contributions of goods and/or services, as agreed to in advance by OnePercent for Education. Individual Member Donor agrees to satisfy its annual pledge within 90 days of the calendar year end (by March 31).
  3. OnePercent for Education agrees to designate and approve qualified educational nonprofit organizations as Nonprofit Partners eligible to receive Individual Member Donor-Directed Gifts. OnePercent for Education further agrees to make information available to Individual Member Donor regarding eligible Nonprofit Partner(s) programs and services through its website, other forms of digital communication and upon request by Individual Member Donor. OnePercent for Education further agrees to inform Individual Member Donor of Gift(s) received and related funds disbursed to Nonprofit Partner(s).
  4. OnePercent for Education agrees to disburse Gifts made to the OnePercent for Education Achievement Fund to one or more Nonprofit Partners consistent with OnePercent for Education’s charitable purposes and taking fully into account the preferences of the Individual Member Donor making the Gift as documented in Individual Member Donor’s profile. OnePercent for Education retains variance power over the full amount of Individual Member Donor’s Gift(s).
  5. Individual Member Donor will be considered a member in good standing for each year in which a Pledge has been satisfied in accordance with the terms specified in this agreement. The Individual Member Donor Pledge Agreement shall be valid and irrevocable for the calendar year following the Registration Date, and thereafter shall remain in full force and effect unless and until terminated. Individual Member Donor may choose to cancel membership and non-renew their pledge by giving written notice (including email notice) to OnePercent for Education. Individual Member Donor and OnePercent for Education agree that acceptance of the Individual Member Pledge Agreement or making a Gift for one year does not create a binding obligation to make a Gift in the same amount or in any amount in subsequent years. Individual Member Donor and OnePercent for Education further agree that Individual Member Donor may update their Individual Member Profile and adjust their estimated pledge amount at any time by logging into OnePercent for Education’s Member’s-only portal or by communicating their desired updates to OnePercent for Education through print, digital and/or in-person modes of communication (including mailed letter, email, phone call, virtual and/or in-person meeting with OnePercent for Education representatives).
  6. While Individual Member Donor is in good standing, OnePercent for Education grants to Individual Member Donor a nonexclusive, nontransferable, royalty-free personal license to utilize and display the Logo of One Percent for Education in the form and in accordance with OnePercent for Education’s “Logo and Style Guide” webpage in the form attached as Exhibit A on personal communications, websites, social media platforms, etc. for the purpose of communicating Individual Member Donor’s support for the charitable purposes of OnePercent for Education. This license is not granted for any commercial or business purpose or for placement on any physical product (commercial use licenses require a business or foundation membership). This license shall be subject to revocation by OnePercent for Education if Individual Member Donor fails to fulfill its pledge or cancels or non-renews its Membership. Individual Member Donor will not use the Logo in a manner that will diminish or otherwise damage OnePercent for Education’s goodwill or reputation as OnePercent for Education determines in its sole discretion; and OnePercent for Education reserves the right to unilaterally terminate Individual Member Donor’s right to use the Logo if OnePercent for Education believes that Individual Member Donor is using the Logo in such a manner. Upon revocation or termination of this license, Individual Member Donor will immediately cease all use or display of the Logo.
  7. These Individual Member Donor Terms and Conditions shall be governed by and construed according to California law.