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Since 1999, over 175 entrepreneurial companies in Central Texas have donated equity to the Entrepreneurs Foundation of Central Texas. To date, these donations of equity from predominantly venture capital-backed companies have generated approximately $1.4 million in cash and marketable securities for local non-profits. The Entrepreneurs Foundation’s current portfolio contains equity from over 100 active companies.
At the Entrepreneurs Foundation of Central Texas, our member companies challenge the conventional wisdom that corporate philanthropy and community involvement is the province of large corporations. Increasingly, companies of all sizes are realizing that “giving back to the community is good business”. The benefits of corporate citizenship can far exceed any costs and are realized in terms of employee morale, recruiting and retention, and in the strengthening a company’s brand or reputation. The Entrepreneurs Foundation is continually astounded by the creativity and generosity of its member companies and encourages you to learn more about their successes. The following are a few examples:
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Stage: Acquired By Sun Microsystems in 2003
Waveset/Sun Charitable Giving Fund: Over $175,000
CEO Testimonial: “Our team members’ participation in the foundations’ volunteer programs built relationships and loyalty that contributed to Waveset’s culture of success”
— Mike Turner, Waveset founder |
| Click here to read about Waveset’s contribution to the community. |
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Stage: Privately Held (over 30 years operating)
Charitable Giving Fund: In 2005 alone, donated over $30,000 through employee-organized fund-raising events.
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| Click here to read about Hyperformix’s contribution to the community. |
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Stage: Privately Held (formed in 2002)
EFCT Charitable Giving Fund: Donated equity twice to EFCT over the past three years to seed its charitable giving fund.
CEO Testimonial: “We care very much about the value we add to both our shareholders and the communities in which we operate. Our motto is to do well by doing good.”
— Manoj Saxena, CEO
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| Click here to read about Webify Solutions’ contribution to the community. |
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