Foundry is pleased to announce that we’ve joined the Entrepreneurs Foundation of Colorado. EFFCO was created to encourage philanthropy from entrepreneurial companies in Colorado (there are chapters in many other major markets across the country). By encouraging companies to donate a small percentage of their stock (in the form of a warrant that is only exercisable when the company is sold or goes public) EFFCO is both raising funds for local non-profits as well as encouraging companies to foster a culture of philanthropy early on in the life of their company.
We’re strong supporters of the mission of EFFCO (in fact Brad was among the founding members of the CO chapter) and are happy to announce that we’ve donated 1% of our carried interest (the equivalent of 1% of our equity) to the Community Trust Endowed Fund of the Community Foundation Serving Boulder County through EFFCO.
I’d be happy to give you some more information if you’re interested in having your company become a member of EFFCO (email me directly).