Fl Prepaid College Foundation

What Fl Prepaid College Foundation does

The Florida Prepaid College Foundation is a 501(c)(3) nonprofit organization established in 1990 that serves as the direct support organization for the Florida Prepaid College Board, a Florida state government entity. The Foundation administers matched prepaid college scholarship programs for Florida students, leveraging the state's Florida Prepaid College Plan to provide affordable scholarship coverage at actuarially determined pricing. Its core products are Foundation Scholarship Plans — non-transferable variants of traditional Florida Prepaid Plans priced more affordably, available in four plan types (2-Year Florida College, 4-Year Florida College, 1-Year University, 4-Year University) and two usage formats (Florida Only and Nationwide). A $4,000 plan can provide up to $7,000 in college tuition and fees, representing savings of up to 40%.

The Foundation operates a portfolio of nine distinct scholarship programs, including the flagship Stanley G. Tate Project STARS program (established 1990), the Path to Prosperity Scholarship Program (launched June 2021 targeting Florida's 150 highest-poverty zip codes), Academic A+ Challenge Match, First Generation Challenge Match, In-Demand Career, Legacy, Black History Month and Hispanic Heritage Month essay contests, and a Private Donor program. All programs share a common dollar-for-dollar matching structure where the Foundation amplifies private donations to maximize scholarship impact. The Foundation does not maintain proprietary technology systems; instead it operates through an online donor portal and direct integration with all 28 Florida colleges and 12 state universities for seamless scholarship payment administration.

The Foundation's revenue model combines three streams: tax-deductible charitable contributions from businesses, organizations, and individuals (designated or unrestricted); annual appropriations from the Florida Legislature for Project STARS, matched dollar-for-dollar by private donations; and managed services revenue from purchasing Florida Prepaid College Plans for scholarship recipients at actuarially determined pricing. Distribution is exclusively partnership-driven through a network of 170+ organizations including Take Stock in Children, Big Brothers Big Sisters, Boys & Girls Clubs, education foundations, businesses, and religious organizations that identify students, provide mentoring, and administer scholarship programs. Since founding, the Foundation has awarded more than 66,100 scholarships, sent 42,500+ students to college, and distributed over $400 million in scholarships to Florida students.

Name

Fl Prepaid College Foundation

Legal name

Florida Prepaid College Foundation, Inc.

Website

https://floridaprepaidcollegefoundation.com

Company type

Private

Founded year

1990

Operating status

Operating

Short description

The Florida Prepaid College Foundation is a 501(c)(3) nonprofit that administers dollar-for-dollar matched college scholarship programs for economically disadvantaged Florida students through 170+ partner organizations, distributing over $400M in scholarships since 1990.

Ownership category

akta.pro rank

Product category

Education Scholarship Administration

NAICS

Educational Support Services (611710)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Scholarship & Fellowship Foundations and Trusts (EDADAHAC)

akta.pro secondary industry

Scholarships, Grants & Education Benefits Administration (Financing-adjacent) (FSAKAEAM)

Keywords

• College scholarship programs
• Prepaid tuition plans
• Nonprofit scholarship foundation
• Donor matching funds
• Florida 529 scholarships

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Donations and Charitable Contributions: The Foundation operates as a 501(c)(3) nonprofit that receives donations from businesses, organizations, and individuals. Donors contribute funds which are matched dollar-for-dollar by the Foundation for eligible scholarship programs. Donations may be designated or unrestricted.
2. Florida Legislature Appropriations: Project STARS is a private-to-public scholarship program funded annually by the Florida Legislature and matched dollar-for-dollar by private donations. This hybrid public-private funding model provides sustainable scholarship resources.
3. Florida Prepaid Plan Administration: The Foundation purchases Florida Prepaid College Plans for scholarship recipients at actuarially determined pricing, leveraging the state's prepaid tuition program to provide affordable scholarship coverage.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

The Florida Prepaid College Foundation is a 501(c)(3) nonprofit that administers matched prepaid college scholarship programs for Florida students. It offers a portfolio of nine distinct scholarship programs (Path to Prosperity, Project STARS, Academic A+, First Generation, In-Demand Career, Legacy, Black History Month, Hispanic Heritage Month, and Private Donor) funded through donor organizations with dollar-for-dollar matching from the Foundation. The Foundation purchases Florida Prepaid College Plans for scholarship recipients, providing tuition coverage at 28 Florida colleges and 12 state universities.

Product overview

The Florida Prepaid College Foundation operates as a 501(c)(3) nonprofit organization that administers multiple scholarship programs, all centered around Florida Prepaid College Plan scholarships. The core offering includes Foundation Scholarship Plans (nationwide and Florida-only variants) that provide affordable, non-transferable scholarship options for donor partners. The Foundation's portfolio of nine distinct scholarship programs includes: Path to Prosperity (addressing childhood poverty), Project STARS (the flagship at-risk student program), Academic A+ (recognizing students overcoming challenges), First Generation (supporting first-in-family college students), In-Demand Career (workforce pipeline development), Legacy (honoring individuals/causes), Black History Month and Hispanic Heritage Month essay contests (celebrating cultural heritage), and Private Donor programs (custom corporate or individual scholarships). All programs leverage the Foundation's dollar-for-dollar matching funds to maximize donor impact.

Differentiator

Problem solved

Functional benefit

Brands

• Stanley G. Tate Project STARS: Scholarship Tuition for At-Risk Students - The Foundation's hallmark program established in 1990 to help low-income students at risk of dropping out of high school create a pathway to college success.
• Path to Prosperity Scholarship Program
• Academic A+ Challenge Match Scholarship Program
• First Generation Challenge Match Scholarship Program
• Legacy Scholarship Program
• Private Scholarships

Products and services

• Path to Prosperity Scholarship Program A scholarship program that fights childhood poverty in Florida by providing college scholarships to economically disadvantaged students in grades 9-12 in the most poverty-stricken zip codes, with dollar-for-dollar matching funds from the Foundation. Aims to raise $10 million in matching funds with total $20 million impact target for 5,000+ students.
• Project STARS (Scholarship Tuition for At-Risk Students) The Foundation's flagship scholarship program established in 1990 to help low-income students at risk of dropping out of high school create a pathway to college through Prepaid Plan scholarships and mentoring services. Operates in partnership with Take Stock in Children, Big Brothers Big Sisters, and Boys & Girls Clubs.
• Academic A+ Challenge Match Scholarship Program A scholarship program that recognizes students in grades 4-12 who have overcome personal challenges in high-risk environments, with dollar-for-dollar matching funds from the Foundation. Originally developed with SunTrust Bank and Florida TaxWatch.
• First Generation Challenge Match Scholarship Program A scholarship program that supports incoming first-generation freshman college students attending Florida colleges or universities, with dollar-for-dollar matching funds from the Foundation.
• In-Demand Career Challenge Match Scholarship Program A scholarship program that assists Florida businesses in building a workforce pipeline by providing scholarships to students in 10th and 11th grade pursuing college education in high-demand career fields like entrepreneurship, with Career Prep training components.
• Legacy Challenge Match Scholarship Program A scholarship program that pays tribute to noteworthy citizens, causes, or organizations through named scholarships with dollar-for-dollar matching funds.
• Private Donor Scholarship Program A custom scholarship program allowing private donors including community groups, businesses, hospitals, and religious organizations to establish their own criteria and purchase scholarships through the Foundation.
• Foundation Scholarship Plans Affordable scholarship plans with same coverage as traditional Prepaid Plans but non-transferable, available in 'Nationwide' or 'Florida Only' school usage formats at reduced pricing for Foundation partners. A $4,000 plan can provide up to $7,000 in college tuition and fees. Tiered into 2-Year Florida College, 4-Year Florida College, 1-Year University, and 4-Year University plans.
• Heritage Essay Contest Scholarships Annual essay contests for students in grades 4-12 celebrating cultural heritage including Black History Month and Hispanic Heritage Month, with 2-Year Florida College Plan Scholarships awarded to winners.

Quantifiable outcome

• A child with a dedicated college savings account is 2.5 times more likely to enroll in college and graduate with a degree
• +4 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core, flagship, significant and historical.

• Big Brothers Big Sisters Association of FloridacoreStrategic or Co-development Partner · 1 January 2022Partner with Florida Chamber Foundation and Foundation to identify students for Path to Prosperity scholarships and provide mentoring as part of the scholarship award. Students must be members or existing members in good standing.
• Florida Alliance of Boys & Girls ClubscoreStrategic or Co-development Partner · 1 January 2022Partners to identify students and provide mentoring activities for Path to Prosperity Scholarship recipients. Helps deliver Coke Florida Refreshing Minds Scholarship program.
• Florida Chamber FoundationflagshipStrategic or Co-development Partner · 1 June 2021Strategic partnership established June 2021 to administer the Path to Prosperity Scholarship Program as part of the Florida Equality of Opportunity Initiative. The Foundation provides dollar-for-dollar matching funds for all contributions. Together, they target the 150 highest-poverty zip codes to break the generational poverty cycle through college scholarships.
• Guy Harvey Ocean FoundationsignificantStrategic or Co-development Partner · 1 January 2020Legacy scholarship partner providing four 4-Year Florida University Plan scholarships to incoming Nova Southeastern University students who advocate for ocean protection. Scholarships valued at nearly $100,000.
• Education Foundation of Sarasota CountysignificantStrategic or Co-development Partner · 1 January 2019Extended In-Demand Career Scholars Program to Sarasota County in 2019, awarding first scholarships through the program.
• Champions For Learning (Collier Education Foundation)significantStrategic or Co-development Partner · 1 January 2018Pilot partner for In-Demand Career Scholars Program. Provided inaugural class of four students with 2-Year Florida Prepaid College Plan Scholarships. Total scholarship amount was $31,145 including $15,772 private donor match.
• Florida TaxWatchhistoricalStrategic or Co-development Partner · 1 January 2018Original partner with SunTrust Bank in developing the Academic A+ Challenge Match Scholarship Program, nominating students from Florida TaxWatch Outstanding Principals' Leadership Program.
• Take Stock in ChildrencoreStrategic or Co-development Partner · 1 January 1990Largest partner in Project STARS, Take Stock in Children has taken a leadership role in connecting local organizations and students to Project STARS opportunities. They help grow the program throughout Florida and coordinate mentoring services for scholarship recipients.

Scale indicators13 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Jack Kent Cooke Foundation: Private scholarship foundation that funds high-achieving low-income students through college. Operates similar large-dollar multi-year scholarship programs with mentoring overlays, comparable in mission and donor-advised structure to the Florida Prepaid College Foundation.
• National Merit Scholarship Corporation: Administers large-scale merit-based scholarship programs funded by corporations, colleges, and universities. Comparable as a scholarship administration platform that pools institutional donations and distributes awards, similar to how the Foundation pools Florida donors and distributes prepaid plan scholarships.
• Hispanic Scholarship Fund: National scholarship nonprofit that partners with corporations, governments, and educational institutions to fund college scholarships. Comparable to the Foundation in its donor-matching model, scholarship administration, and focus on serving underrepresented student populations.
• United Negro College Fund (UNCF): National scholarship foundation providing matched and direct scholarships to students, with corporate donor matching programs similar to the Foundation's dollar-for-dollar model. Operates across multiple states and HBCUs but uses an analogous playbook of pooling private donations to fund tuition for disadvantaged students.
• Florida Prepaid College Board: The state government entity that is the Foundation's parent and operates the underlying Florida Prepaid College Program. The Foundation is its 501(c)(3) direct support organization, so their products, pricing, and beneficiary base are tightly aligned.
• Dell Scholars Program: Michael & Susan Dell Foundation scholarship program targeting low-income, highly motivated students with both financial aid and non-financial supports. Comparable in focus on economically disadvantaged students, mentoring overlays, and outcome-driven scholarship design.
• CollegeBound Foundation: College-access nonprofit that administers scholarships and last-dollar funding for low-income students in partnership with public schools and corporations. Comparable as a scholarship administration platform with corporate donor matching and student support services.

Regional players

• Bright Futures (Florida): Florida state-funded merit scholarship program administered by the Florida Department of Education. Comparable as a Florida-specific scholarship program funded by the state, but it competes for the same student pool and donor attention that the Foundation serves via private matching funds.
• Tennessee HOPE Scholarship: State-funded scholarship program offering merit- and need-based aid to Tennessee residents. Comparable as a state-level scholarship program leveraging public funding to expand college access, but operates via direct legislative appropriation rather than a nonprofit foundation intermediary.

Broad incumbents

• ScholarShare 529 (California): State-sponsored 529 college savings plan offering prepaid-style and investment-based options, administered under a state board. Comparable as a state-backed 529/prepaid college savings vehicle, though it serves savers directly rather than via a donor-matching nonprofit model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fpcf

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Fl Prepaid College Foundation