Gift of College

Neutral
BETA

Let's end student loan debt

Analytics

Raised to Date: $101,777

Aggregate Commitments $
Platform

StartEngine

Start Date

10/19/2020

Close Date

04/14/2021

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$24,000,000

Weekly Commitments $
Status

Active

Reporting Date

01/24/2021

Days Remaining

78

% of Min. Goal

1,018%

% of Max. Goal

10%

Likelihood of Max
Avg. Daily Raise

$1,049

# of Investors

85

Momentum
Location

Calabasas, California

Industry

Education, Training, & Coaching

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Gift of College, with a pre-money valuation of $24 million, is raising funds on StartEngine. It is a crowdfunding platform that streamlines the student loan process for students and allows friends, family, and employers to contribute towards college savings and student loan accounts. The suite of Gift of College connects gift-givers and receivers through gift cards and an at-work solution. Wayne Weber founded Gift of College in 2007. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000, and the funds will be used to expand the employer network and bolster the retail offerings. Gift of College has already helped eliminate $15 million in student loan debt and boosted college savings account balances by $10 million.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$1,197,709

$1,054,718

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$71,554

$115,554

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$639,099

$467,115

Accounts Receivable

$28,992

$28,587

Total Assets

$757,820

$509,513

Short-Term Debt

$858,497

$677,160

Long-Term Debt

$143,344

$0

Total Liabilities

$1,001,841

$825,089

Ratings

last updated 01/26/2021

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Analyst Report

Neutral
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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