FAQ & Rules

Frequently Asked Questions:

 

Overview

Fund My Future is a program administered by the Propel Schools Foundation to help families of children in Allegheny County to save for college and other post-secondary goals. Fund My Future provides a prize pool that makes the saving experience fun. Community events with partners make it easy to save in a variety of ways and places.

With support from both the Mayor of Pittsburgh and the Allegheny County Executive, Fund My Future is now universally available to all Allegheny County families with children, from birth to age 18.

In order to participate, any adult over 18 can sign in to the Fund My Future portal and provide the name of each child. In order to be eligible for various raffle prizes, you must then link the financial account (bank, credit union, or 529) being used as the vehicle for long term savings to the child’s name in the Fund My Future portal. There is a chance to win prizes for every dollar deposited. Over the next year, the prize pool is $15,000.

 

What Is Fund My Future and Why Should I Participate?

Fund My Future is a children’s savings program offered to all children from birth to age 18 in Allegheny County. Adults can link any bank, credit union or 529 account to the program through an online portal. Raffle tickets are earned with each deposit as incentives to families to make deposits to their children’s accounts.
There will be quarterly drawings with thirty $50 winners and an annual grand prize drawing with four $1,250 winners, which is split between cash and scholarship. Each deposit of $1 or more will earn you a raffle ticket (maximum 6 per quarter). A complete explanation of the prizes can be found here.
There are many reasons! You may have always wanted to have a savings account for your child but haven’t gotten around to it until now. You want to take practical steps to invest in your child’s future. You want to join a unique and exciting savings movement in Pittsburgh. And of course, you would love to win a prize!
This will vary with the type of account you choose to link to the Fund My Future portal. In general, however, the purpose of the program is to encourage you to save money for your child’s financial needs after high school, including college, training programs, housing, a vehicle, or other needs
We believe that when families save for the future, they create hope in their children’s potential that leads to brighter futures. We want to see all families invest and all children succeed. County Executive Rich Fitzgerald and Pittsburgh Mayor Bill Peduto think so too, and have offered their endorsement of the program.
The participating families make deposits to their own accounts. Program-related costs, such as raffle prizes, incentives, technology, marketing and staff costs are supported by a number of foundations and private donations. (See here for current list.)
Fund My Future relies on partnerships with schools, service agencies, banks, and city and county government. To see a current list of partners, go here.

 

How Does Fund My Future Work?

Any adult, regardless of where they live, can link a bank account to Fund My Future and earn raffle tickets with each deposit made on behalf of any child, aged 0-18, who lives in Allegheny County.
It’s easy! To sign up, go to FundMyFuturePGH.org and register for a user name and password on the Fund My Future portal. Don’t forget that password! Then you’ll need to link a bank, credit union or 529 account with the portal so you can start to earn raffle tickets automatically when you make deposits into your account.
No, your Fund My Future login on the portal can be used for as many children as you like.

 

How Does the Bank Account Work?

Any account from a financial institution may be linked to Fund My Future. This includes savings accounts, UTMA accounts, 529s, custodial accounts and checking accounts, and can be from credit unions, banks or the 529 plans.
If you don’t already have a bank account that you’re using for long-term savings for your child, then you can open one from the FundMyFuturePGH.org website.
Yes, each bank account linked to Fund My Future is linked to one child’s name. If you have multiple children you’d like to save for, you’ll need a separate bank account for each one.
This will depend on the type of account you have. Generally, you may be able to make deposits at your bank branch, through online banking, through direct deposit, or at an ATM if you have a bank card. Fund My Future is working on a way to take cash deposits at events with our community partners.
Since the purpose of Fund My Future is to establish long-term savings for a child, withdrawing money from that child’s account is discouraged. However, we know that emergencies do arise, and linking an account to Fund My Future does not create any additional limits on access to your account. If you do decide to make a withdrawal, you will not be eligible for prizes during the prize period of the withdrawal.
This is completely up to you! The earlier you start saving, the more opportunities your child will have after high school. It’s the habit that counts, and making regular deposits and talking about the account with your child will make a difference.
This will depend upon the procedures of your financial institution, but in general, you should see your recent deposit activity within 48 hours.
If the child named on the Fund My Future linked account moves out of Allegheny County, the adult who linked the account will no longer be eligible for prizes. However, the money remains in your account for you to access.
Congratulations! It’s now time to use the money that you have saved. You may want to contact the bank or credit union that holds your bank account for guidance on withdrawing funds. Any scholarship money won from Fund My Future will be held by NEED to be available to pay post-secondary expenses of the child, and will be paid directly to the higher education institution in which the student is enrolled.
You should check with your financial institution for its policies regarding dormant accounts (accounts where there has been no activity for an extended period of time). If there has been no account activity for 6 consecutive months, we reserve the right to unlink your account from Fund My Future. You may re-link the account at any time.

 

What Security Precautions Are In Place?

Fund My Future leverages a secure platform, InvestCloud, with robust policies and processes to secure your data. With over two decades of experience in data management and security, InvestCloud has a proven track record in data security: a set of policies and procedures that require a security-aware and defensive approach by all staff members; leveraging a platform that is SOC I Type I, SOC I Type II certified; regular disaster recovery testing and robust data backup protocols to secure the history of your data; a comprehensive approach to physical security with application and data architectures that are secure by design; best practices in the deployment of firewalls, managed by third party experts; encryption of data in transit and at rest, to ensure anonymity in transfer; active security measures, such as intrusion detection systems at the firewall level; automated scanning for viruses and other malware, with continuous monitoring of security channels for new threats; and secured data centers with access only through individual logons through VPNs using 2-factor authentication. For further information on the security of your data, please visit investcloud.com.
Fund My Future will have access to your contact information and deposit and withdrawal activity in order to issue raffle tickets based on that activity and to communicate with you. Fund My Future will track account activity and account balance for program evaluation purposes and may share aggregated information with our research partners; we never disclose any personally identifiable information. Fund My Future will not have access to your password or login information.

 

If you have a question related to your bank account, you should call the bank that holds your account. If you have a question related to Fund My Future (prizes, events, etc.), contact us at info@fundmyfuturepgh.org or call 412-440-UWIN.

 

Rules:

 

Download complete rules here.