Terms and Conditions
The below is to be considered the terms and conditions for modules and functions of pepelwerk related to Sponsor Module, receiving or requesting sponsorship. All users demonstrate the acceptance of these terms and conditions by using pepelwerk or interacting with any content, website or assets of pepelwerk LLC (the Company).
This document is part of the collective terms of use, terms and conditions and other legal policies that govern the relationship between the Company and it’s visitors, users, customers, clients, prospects.
Sponsoring and Receiving Sponsorship
What is sponsorship?
Sponsorship is receiving money from another payment source other than your organization or yourself to cover the cost or subsidize (pay a portion of the cost) of accessing and using the features of the AI Career Assistant and/or for learning costs and/or costs of employment.
Who are the Sponsors?
Sponsors include federal, state and local government agencies; foundations; for-profit and 501c3 non-profit charitable giving organizations.
Why do Sponsors Sponsor?
They sponsor because they have programs, commitments or policies that involve making technology accessible to all, economic development, merit based economic development, workforce development, education for the purposes of employment or social equity.
Why do Sponsors use pepelwerk?
Sponsors use pepelwerk as a system of record to track who received the funds and how the funds were used. They have a public or legal obligation to demonstrate that the funds they managed were used for the intended purpose and to measure the effectiveness and outcomes of the investment.
We provide sponsors with a simple way of administering their programs and a clear accountability chain in how those funds are spent.
Pepelwerk retains a service fee for managing the programs and blockchain method of distributing the funds and offering centralized predictive data analytics.
How do Sponsors sponsor?
The program or fund manager creates a Work Hub account and activates their Sponsor module.
The Sponsor adds money to their wallet and chooses what activities and/or which organizations to sponsor. The sponsor chooses how much to prefund, and the prefunded amount is deducted from their wallet based on what activities you choose to fund.
Once money is added to the Sponsors account it is nonrefundable. The wallet acts as an escrow account until the money is allocated to a sponsored activity request. Once the money is allocated to a sponsored activity request the money will be disbursed based on completion of qualified funding event to the eligible recipient.
If a Sponsors wallet is left in escrow and unassigned for more than 11 months (or 334 days) from the date the wallet was funded, it will automatically be assigned to sponsorship requests before the end of the 12 month (or 364 days) and disbursed based on completion of qualified funding event to the eligible recipient.
Who gets sponsorship money?
The end beneficiary of the sponsored activity is the user of the AI Career Assistant. Sponsored activities include:
- subsidizing or covering the cost of the use of technology
- subsidizing the cost a person’s salary when they are matched and hired for skills based on the job opportunities
- subsidizing or covering the cost of learning: course, certificates, degrees, licenses.
How does the money get disbursed?
When a qualified funding activity occurs pepelwerk distributes money to eligible recipients.
Qualified Funding and Eligible Recipients:
- AI Career Assistant fees booked by an qualified organization (public or private education, non-profit member organization) paid to pepelwerk when sponsored to activate the AI Career Assistant for: students, citizens, members of associations, members of non-profit development organizations, military in career transition, adults relaunching their careers and young adults 16-24 just launching their careers.
- Enrollment of Course associated with Goal Job. Course fees paid to Course Provider
- Completion of Course and a person is hired for an in-demand skills-based job. Course fees paid to Course Provider
- A person is hired for an learn-on-the-job job (internship, externship, apprenticeship, etc.) or an entry level job and a portion of the salary is paid to the hiring company
If you have any questions about these Terms and Conditions, you can reach out to us on chat or send an email to info@pepelwerk.com