How Does EFNE Engage Emerging Companies And Their Employees In Philanthropy?
1. Under our Founders Shares program, companies make contributions of stock options or issued stock to EFNE early in their lives. When a participating company goes public or is acquired, the stock value is realized, and 75% of the proceeds are donated (through a donor advised fund at a community foundation)to a local non-profit recommended by the donor company. 2. We’ll retain the balance of the contribution to work with participating companies to help them develop corporate community involvement programs which will permit employees to give something back to the community under the corporation’s aegis. Additionally, we plan to provide entrepreneurial assistance to grant recipients recommended by donors. Is There Any Precedent For This Approach To Entrepreneurial Philanthropy? Yes. In 1998, the Entrepreneurs Foundation was launched in California by the leading venture capital firms: Mayfield, Kleiner Perkins and Sequoia. The brainchild of venture capitalist Gib Myers, EF has already sig
