Is it true that is the pay it forward movie a true story based on the following text?

Pay It Forward is a 2000 American drama-romance film based on the novel of the same name by Catherine Ryan Hyde. It is set in Las Vegas in the present day, and it chronicles 12-year-old Trevor McKinney's launch of a goodwill movement known as 'pay it forward'. Directed by Mimi Leder and written by Leslie Dixon, it stars Haley Joel Osment as Trevor, Helen Hunt as his alcoholic single mother Arlene McKinney, and Kevin Spacey as his physically and emotionally scarred social studies teacher Eugene Simonet.
no