IT'S EASYOur Pledge Agreement will only take you about 5 minutes to complete online
IT'S PERSONALYour pledge isn't tied to equity and won't affect shareholders or cap table
IT'S FREEWe don’t take a cut of your pledge. There are no fees, costs or commissions
HOW BIG IS THE AVERAGE PLEDGE?
If you’re just starting to think about your donation, you may not be sure how much to give at this point, and that's OK! The average is just shy of 5%. We can even help you find the optimal donation based on your tax situation when you exit.
WANT A GLIMPSE OF THE NITTY GRITTY DETAILS BUT IN PLAIN ENGLISH?
Take a look at the Plain English version of our Pledge Agreement before you sign the real thing.TAKE A LOOK
Plain English Pledge Agreement
This agreement is between you and Founders Pledge. You’re making your pledge in connection with either the company you founded, or a company that you’ve invested in. You understand that it is our mission to help you support charities with your pledged funds.
This agreement is legally binding and may have personal tax implications.
The Meat and Bones:
The pledge you make covers many scenarios. We call these either an EXIT event when you sell the majority of your ownership interest in the company, or a LIQUIDITY event where you cash out a certain amount of your equity. When these events occur, we’ve indicated that you’ll notify us within 30 days, and transfer the funds within 60 days.
You’ll indicate the percentage of your payout you’d like to use to fund the charities you select. Founders Pledge won’t take a cut of this unless you tell us you’d like that - in other words, Founders Pledge is entirely free. Also, if we’re not around when you exit, you can donate to your charities directly and it will satisfy this contract.
Our first priority is to donate to the charities you’ve listed. However, if there’s something wrong with the organisations you’ve selected, then we may not be able to give them the money. This could apply, for example, if we find out they’re doing something illegal, fraudulent, supporting extremism, no longer have a charitable mission, or don’t exist. Regardless, we’ll work with you to find the best solution so that your wishes are carried out at that point. If our attempts to contact you go unanswered for too long, we have the right to select a charity on your behalf.
We’re also going to identify you as a member on our website, unless you opt out. You’ll also gain access to our programmes and events.
You confirm that you are at least 18 years old, have the authority to sign this contract, and that doing so won’t conflict with any agreements, restrictions, or laws that apply to you.
Some Simples Assurances
You’ll also agree to work with us in a timely manner to process your pledge, not to do anything against the intent of your pledge and to do your best to keep your estate affairs in order in case anything bad happens.
Third Party Rights
Only you and Founders Pledge can enforce the terms of this contract. If you list charities in the appendix (and you don’t have to at this point), they won’t have any enforceable rights or be a party to this contract.
Founders Pledge can transfer/assign this contract to another charity if that helps with tax relief.
Governing Law and Jurisdiction.
If you're based in the EEA, any disputes will be settled in English courts (as we're a UK charity). If you're based in the US, any disputes will be settled in the courts of New York.
You’ll sign. We’ll sign. And voila, you’re done.
You’ll also have a chance to select the charity recipients now or the option to pick them at a later date.