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It's simple! Just point and click to learn about the Entrepreneurs Foundation of Central Texas.
GENERAL FAQ
Yes. The Entrepreneurs Foundation of Central Texas is a non-profit corporation with tax exempt status under section 501(c)(3) of the Internal Revenue Code as a public charity.
Our mission is to engage entrepreneurs, their companies, boards and team members in corporate community involvement and philanthropy so that new resources are generated for community benefit.
Prominent venture capitalists in Central Texas, including Bill Bock of CenterPoint Ventures and John Thornton of Austin Ventures, created the Austin Entrepreneurs Foundation in 1999. In 2004, the Austin Entrepreneurs Foundation and Austin Idea Network, an organization formed to connect technology industry employees with community projects, joined together to become the Entrepreneurs Foundation & Idea Network. In January 2006, the Entrepreneurs Foundation & Idea Network was renamed the Entrepreneurs Foundation of Central Texas.
Since its inception in 1999, over 175 emerging companies (predominantly venture capital-backed companies), have donated equity to the Entrepreneurs Foundation of Central Texas. So far, these donations of equity have created approximately $1.4 million in cash and marketable securities for local non-profits. Our current portfolio contains equity from over 100 active companies.
Collectively, volunteers from the Entrepreneurs Foundation of Central Texas have contributed over 5,000 volunteer hours since 1999.
In the Fall of 2005, the Entrepreneurs Foundation of Central Texas worked alongside Austin Ventures and the Topfer Family Foundation to help Hurricane Katrina evacuees. Each of Austin Ventures and the Topfer Family Foundation offered to match contributions from the Central Texas high-tech community, up to a total of $100,000. In a little over six weeks, the effort raised $400,000 to help local non-profits and social entrepreneurs increase their capacity to serve Katrina evacuees in Central Texas.
Not at this time. The Entrepreneurs Foundation of Central Texas will use its resources to encourage, host and manage corporate donor-advised funds for entrepreneurial companies, help such donors develop community involvement programs and facilitate leadership projects that bring entrepreneurs with community leaders to brainstorm fresh approaches to community challenges.
The Entrepreneurs Foundation of Central Texas is an independent nonprofit organization. We are part of a network of Entrepreneurs Foundation nationwide (Atlanta, Boston, Dallas, Honolulu, Portland, Sacramento and Silicon Valley) and Tel Aviv, Israel. Entrepreneurs Foundation affiliates confer quarterly by telephone and meet annually in person to share updates, best practices, materials and networks. On a collective basis, close to 400 companies have joined the Entrepreneurs Foundation worldwide.
If you have projects, particularly discrete, well-defined volunteer opportunities, that you feel our member companies and their team members can benefit from or help support, please send an email to elisabeth@givetoaustin.org.
The Entrepreneurs Foundation of Central Texas is supported through liquidity events from donated stock of our member companies and financial contribution from individual donors, corporations and foundation.
The Entrepreneurs Foundation of Central Texas welcomes contact and introductions from the entrepreneurial and non-profit communities, as well as financial support. Donations can help to ensure the continued operations of the organization or may be donated towards specific project efforts as indicated by the donor. We would also appreciate your willingness to serve as proponents of our organization by mentioning to others our name and mission.
If you are a founder or member of an entrepreneurial company, consider having the company join the Entrepreneurs Foundation of Central Texas with a donation of equity.
If you are a venture capitalist, please consider recommending the Entrepreneurs Foundation of Central Texas to your portfolio companies and endorsing the Entrepreneurs Foundation of Central Texas both in the boardroom and with financial support.
If you work for or alongside entrepreneurial companies, consider introducing the Entrepreneurs Foundation of Central Texas to your clients and colleagues and endorsing the Entrepreneurs Foundation of Central Texas with financial support.
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