In 2007, the 80th Legislature passed House Bill 3900 establishing the Texas Tomorrow Fund II, a prepaid college tuition unit program marketed as the Texas Tuition Promise Fund®. HB 3900 also created the Texas Save and Match Program, a program under which prepaid college tuition units purchased by an account owner may be matched with prepaid college tuition units purchased with other funds.
In 2009, the Comptroller's office established the Texas Match the Promise Foundation℠ to implement the Texas Save and Match Program. The Foundation is a 501(c)(3) federal tax-exempt public charity and is eligible to receive tax-deductible donations.
Match the Promise scholarships are funded through the donations of generous Texans, to benefit deserving families in our state and encourage them to save for college. Many of the donations to the Foundation are made through the state's Unclaimed Property program. Residents who locate unclaimed property belonging to them can choose to donate all or a portion of the cash value to the Foundation. Match the Promise also receives contributions from Texans through individual donations and the State Employee Charitable Campaign.
For details about the Match the Promise program, read the Matching Scholarship and Tuition Grant Description and Application Instructions.