How It Works - The Sparo Tuition Bank®
Awarding Scholarships & Raising Funds for Charities
The Scholarship Opportunity
Sponsors provide the opportunity to win a scholarship.
Participants subscribe, purchase, or otherwise take advantage of associated offers from the Sparo Partner.
Charitable Donation
Customize to Match your Brand
A portion of the sales from these purchases are donated by Sparo to a charity the participants selects.
Funding Higher Education
Scholarship Awardee Selection
Every six months, Sparo randomly selects a Tuition Bank participant to receive the scholarship.
Every participant will have two opportunities to be awarded the scholarship, with the timing dependent upon the number of new participants in any given time period.
Student Financial Relief
Sparo Delivers Funds
The scholarship grant is sent directly to the educational facility or to the financial institution carrying the student debt.
The Long Term
Enabling others to pay-it-forward
Helping even a single person pay for their education can lead to geometric for one person to help many others and change the world for the better.
Educational Journey
Outcome
Sparo and its partners are proud to be able to provide an expanding opportunity to address the ever-growing cost of higher education.
To summarize...
Sparo Tuition Bank partners offer opportunities to be randomly selected to obtain a scholarship paid directly to their higher education institution or debt holder at no cost to the participant. Participants can subscribe, purchase, or otherwise take advantage of associated offers from the Sparo Partner. As an added bonus, a portion of the sales from these purchases are donated by Sparo to a charity the participants selects.
The participants does not qualify as a charitable donor, and so may not claim any part of the purchases as an IRC section 170 charitable donation. The selection of subscribers as recipients of the scholarship will be random based upon verified information. This is not a lottery, sweepstakes, or other game of chance. The award will be sent directly to the educational facility or to the financial institution carrying the student debt. Every participant will have two opportunities to be awarded the scholarship, with the timing dependent upon the number of new participants in any given time period.
Microsoft + Sparo
We are a Microsoft for Startups company and the CSR offering on Microsoft's global campaign "Cloud for Retail."
Impact Investing
Sparo's "Portfolios with a Purpose" give you an opportunity to do well while doing good! We bundle investment opportunities in companies and causes that align with your values, so you can maximize both your financial returns and the positive impact you make.