Category: Philanthropy
Amy and I have helped start several non-profits over the last 30 years. While our Anchor Point Foundation covers a wide range of initiatives, most of the projects we’ve co-founded have been based in Colorado and focused on either entrepreneurship or the environment.
One of my greatest joys is funding small, startup nonprofits that other people create, which inspire me. I was on a call Friday, being interviewed by Connie Loizos about my new book, Give First: The Power of Mentorship. We were catching up on some personal things, and she mentioned that one of her sons, Natty Gove, a sophomore at Redwood High School, had started a nonprofit called the Tech4Youth Foundation. I looked it up on the web and kept the tab open to look at after our call.
I found two articles about the foundation:
- Tech4Youth: Student Launches Nonprofit to Provide Computer Access for Local Kids
- Tiburon teen’s nonprofit aims to raise money for student tech
After reading the articles, you can’t help but be inspired by Natty. Amy and I don’t have kids, but we have a bunch of teenagers and young adults in our lives that we learn from and draw strength and motivation from. I don’t know Natty, but I’m adding him to that list, and I hope to meet him someday, even if it’s just by email.
I went and donated to the Tech4Youth Foundation. I find that writing a check to something or someone that inspires me gives me the energy to deal with all the hard things I have to face. So, I like to do it randomly and often.
I’m sure I’m violating some journalistic rule around pay-to-play, or someone cynical will say some version of “Brad’s just trying to curry favor with Connie.” I’m overly sensitive to this since the federal government limits the financial contributions I can make to state candidates in certain states, given that Foundry is an RIA and is regulated by the SEC. I find these rules absurd, but I follow them nonetheless.
For the avoidance of doubt, Connie didn’t ask me to support her son; I did it for no reason other than that he inspires me. If Connie can’t write about our conversation because of some journalistic rule, that’s fine with me, since I still enjoyed the hour we spent talking. And if there is some journalistic rule around this, that’s idiotic given how money, power, and influence work in the United States (and the world) in 2025.
And, for the cynical person, I encourage you to read the articles I listed above.
Boulder has been our home for 25 years and we love it. Amy and I support numerous local non-profit initiatives through our Anchor Point Foundation. The following video captured my attention this morning and resulted in a bathroom-sized donation to Growing Up Boulder.
Bella and Mads – well done! You can call us Brad and Amy (not Mr. and Mrs.). This is a gift is in y’alls name. Vanessa Schatz – brilliant!
Happy Monday morning. Do something nice for your local community today. And, if you are a Boulder local, consider donating to Growing Up Boulder.
Amy and I just finished allocating our 2020 year-end charitable contributions from our Anchor Point Foundation. Given our charitable contributions around Covid and Racial Equity throughout the year, we were extremely overallocated going into our end-of-year gift cycle.
This morning I got a note from a Jenny Thompson who said:
I’m writing today because I only just learned that cash donations are 100% deductible this year as part of CARES.
I’m front loading my monthly donations for 2021 as much as possible and suggesting friends that can do the same. The charity gets more cash on hand and we get a 100% deduction. What a win-win…
We hadn’t really processed clearly the changes to the deductibility of charitable contributions in 2020 based on the CARES Act. While we were aware of the change that allows cash charitable contributions to be deductible up to 100% of adjusted gross income (AGI), we hadn’t worked through the numbers for our situation.
When we did, we realized that we were at our limit of deductibility for gifts to our Foundation and our Donor Advised Fund (where most of our charitable giving flows through). Still, we had plenty of headroom on any cash we wanted to give charitably.
While this is not the most tax-efficient approach to charitable giving, we decided to pull forward into 2020 some additional gifts, given that the organizations really need the money right now. When one actually does the spreadsheet math, given the tax dynamics, it’s pretty efficient, especially if tax optimization is not your primary motivation.
So, if you are considering making charitable donations in cash before the end of the year, or even in 2021, and you have the resources, consider pulling the gifts forward into 2020 so that the organizations and their constituents get the benefit of the gift right now.
Of course, before you do anything, check with your tax accountant to make sure this applies to your situation. None of the above is tax or legal advice from me.
A $25K Matching Gift To Boost Entrepreneurship in Kansas City Through Storytelling
Today, Amy and I are announcing a matching gift from our Anchor Point Foundation to the Startland News’ Give A Start donor campaign. We will match any contributions from this point forward, up to $25,000.
Since 2015, Startland News has helped Kansas City entrepreneurs shout their triumphs from the rooftops — a critical piece of storytelling as the local startup community evolves beyond good ideas written on napkins to the home of powerhouse startups and nine-figure exits.
Startland News is part of Startland, formerly the Kansas City Startup Foundation, and is a community-building 501(c)3 nonprofit activating a thriving and inclusive culture of innovation in Kansas City through stories, experiences, and talent.
A thriving startup community also explores its failures, the ongoing challenges plaguing entrepreneurs, and how innovators not only can learn from them but also accelerate past the roadblocks to success. Startland News has been unafraid to identify and confront these issues and grow along with its ecosystem. When the nonprofit newsroom recognized the economic and racial inequity represented in its coverage of mainstream entrepreneurs, it expanded the scope of stories to include more innovators from outside the world of high-growth, high-tech startups and actively opened its platform for the voices of diverse risk-takers, creatives, makers, and small businesses.
While the Covid crisis has been eating up the headlines in 2020, nearly half of the year’s more than 360 Startland News stories have featured underserved or underestimated entrepreneurs — all while the digital publication continues to focus on the city’s latest tech and startup developments.
Equity in startup communities will be a concern for years to come. Still, the solution begins with tangible action to increase access to entrepreneurship and the support and resources that abound in a healthy ecosystem.
In The Startup Community Way, Ian and I discuss storytelling as a factor that helps shape outcomes and included a sidebar on the Startland News story as an example for other startup communities worldwide. Pairing storytelling with diversity only makes that rooftop shouting more clear and compelling.
While I no longer have a house in Kansas City, I have a deep affection for the city, as it has played an important role in my own entrepreneurial journey, starting with a major software project in the early 1990s for a client of Feld Technologies and accelerating with monthly trips in 1994 to work with The Kauffman Foundation on various projects.
Like many non-profit (and for-profit) organizations, 2020 has been a challenging year. Join me in helping Startland News give a start to more innovators in the Kansas City area.
If you have a job, have been working from home, and haven’t been spending extra money on Starbucks (or local) coffee, lunch or dinner out, or other random things you spend money on during the day while at work, please consider making a donation to the Colorado COVID Relief Fund today. All contributions made today up to $250,000 will be matched by an anonymous donor.
GivingTuesday usually happens the Tuesday after Thanksgiving. Amy and I have been involved in Boulder for many years, going back to the first year when the yellow Culture of Giving squeezy balls were part of the campaign.
This year it’s happening today. Globally.
The Covid crisis has created unprecedented stress and devastation on many people. The Governor’s Colorado COVID Relief Fund is raising and allocating funds based on prevention, impact, and recovery needs of community-based organizations in Colorado.
- Children from families living on low income who are impacted by school or childcare closures
- Communities of color
- Healthcare, hospitality, service industry and gig economy workers
- Immigrant and refugee communities
- Minimum or low-wage employees displaced by business closures
- Older adults living on low income
- People who are immuno-compromised or medically fragile
- People with limited English proficiency
- People with disabilities
- People without health insurance
- Victims of domestic violence or child abuse
- People living on low income
- People experiencing homelessness
- Tribal governments
- Workers without access to paid sick leave
To date, the fund has allocated $8.4 million to 371 organizations serving all 64 counties in Colorado.
We’ve all been working from home for the past 30 days (so, about 20 work days). Contemplate what your random out of pocket spending on food (coffee, snacks) is during the work day. $3? $5? $10? $20?
Consider contributing a day, a week (* 5), or a month (* 20) of whatever that number is to the Colorado COVID Relief Fund. Whatever number you contribute will be multiplied by 2 in the match.
Coloradans helping Coloradans. Because that’s what we do.
As the world shifts underneath us around Covid-19, Amy and I have focused our immediate philanthropic efforts on our local community in Boulder County.
If you have the ability to contribute anything philanthropically, helping locally will make a huge difference right now. While many of us are hunkered down at home, we’ve got numerous frontline providers at hospitals and in the community out in public helping us all get through this.
Amy and I made two matching gifts in Boulder County. Note that we are focusing on “Boulder County”, not just “the City of Boulder” right now as many of the people who serve us in the city of Boulder live in the surrounding towns that make up Boulder County.
The first gift is to BCH for the Boulder Community Health Foundation COVID-19 Response Fund. They have identified two priorities.
- BCH People: Assist BCH staff who are facing unanticipated financial challenges (e.g., needing child care due to the closing of schools, financial hardship from a spouse/partner being out of work, etc.). BCH will provide the assistance they need by significantly expanding the depth and breadth of support provided by the BCH Employee Assistance Fund.
- Remove any barriers to providing the best treatment for COVID–19. Support BCH’s significant investment in their testing capability, expanding telehealth access, and planning for an increase in cases, including supply management, space capacity, and flex training for our staff and physicians.
The other gift is to the Community Foundation Serving Boulder County for the Community Foundation COVID-19 Response Fund Boulder County. This fund will ensure essential services for community members who find themselves at the intersection of being most vulnerable to the virus and most impacted by inequity. It will focus on continuing access to care, food, hygiene, shelter, housing, and other services for the most vulnerable.
If you have any financial giving capacity of any amount, please consider a gift to either the Boulder Community Health Foundation COVID-19 Response Fund or the Community Foundation COVID-19 Response Fund Boulder County. Your support today will make a difference right now.
If you have an office in Denver, just five miles away from you is a food bank operating out of a warehouse month to month just so it can help anyone who comes through their doors.
Community Ministry of Southwest Denver has provided food, children’s clothing, school supplies, energy assistance, food boxes, and holiday gifts for young children for over fifty years. Nice.
But, the building and land that Community Ministry has leased for decades is up for sale.
To avoid losing their location, they are raising $800,000 which would cover the cost of the building, parking lot, closing costs, and some much-needed renovations.
They are a little over $600,000 on their way to $800,000 of their fundraising campaign. Every bit helps, so instead of buying a coffee at Starbucks (or your favorite coffee shop) today, consider making a donation to them. Any amount helps.
Looking for Mentors for Entrepreneurs for All – Longmont, Colorado
Earlier this year Amy and I, along with a number of other local friends, supported the rollout of a new organization in Longmont called Entrepreneurship for All (EforAll).
EforAll is a nonprofit organization that partners with communities nationwide to help under-resourced individuals pursue their dream of starting a business. They believe everyone should have the opportunity, resources, and support they need to successfully start their business. Its programs include a free, full-year Business Accelerator that utilizes a cohort model and includes intensive business training and mentorship as well as quarterly community pitch contests.
Since I first wrote about their launch, EforAll Longmont has hosted two pitch contests featuring over 50 entrepreneurs. To get a feel for the activity, take a look at the article about Lorne Jenkins after he won the top prize at one of the pitch competitions.
EforAll Longmont is accepting applications for its first Accelerator program which will start in early January. To help these entrepreneurs, EforAll is looking for experienced professionals across a wide range of industries to serve as mentors for these entrepreneurs. I’ve written extensively about the importance of effective mentorship and one of the things that I love the most about EforAll is their mentorship model.
After spending time with a few EforAll entrepreneurs, I came away excited by their ideas and aspirations. What they need now are mentors who can serve as their champion, coach, and support network as they navigate the challenges of starting their own business.
If you are an entrepreneur or business leader living near Longmont, Colorado, especially in an adjacent town like Boulder, and you are interested in becoming a mentor for EforAll, please reach out to Harris Rollinger, the Executive Director of EforAll Longmont or volunteer online to become a mentor.
Over the years, I’ve written about my belief in the importance of giving back to your communities and #givefirst. In this spirit, one of the key organizations my partners at Foundry Group have helped create and nurture is Pledge 1%.
In 2007, we were a founding member in the predecessor organization to Pledge 1%, called Entrepreneurs Foundation of Colorado (or EFCO). EFCO started as an experiment here in Boulder, not unlike Techstars and Startup Week/Weekend that got their start in our backyard. In 2014, Pledge1% Global launched as a joint effort between Foundry Group, The Entrepreneurs Foundation of Colorado, The Salesforce Foundation and The Atlassian Foundation which we helped seed financially and continue to support.
Pledge 1% Colorado has now distributed over $8 million back to various organizations in our community. And, the companies that have pledged 1% globally is remarkable.
While all of the Foundry Group partners have been involved, Seth Levine has been spearheading our engagement and the transformation from EFCO to Pledge 1% (he, along with key members of the teams from Salesforce, Atlassian and Ryan Martens are the founders of Pledge 1%). At a partner offsite at the end of last year, we were reflecting on some of the gifts from Foundry Group through our Pledge 1% involvement, which included:
- The Community Trust of Boulder – We believe that a rising tide raises all boats and wanted to do our part to support our local community here in Boulder and Colorado.
- United Way Foothills – After the Colorado flood in 2013 we decided to step up and fill a gap in funding from Foothills United Way.
- Museum of Boulder – Our city has a rich history on numerous dimensions. We now have a museum in downtown to be proud of.
- BCH Foundation Mental Health Campaign – Mental health is a major issue in our society, as well as in entrepreneurship. We are pleased to be able to help expand the mental health resources in our community.
We had some extra money left in our Pledge 1% Colorado account from distributions over 2018 and decided that, rather than saving it up for another larger gift, we’d give a series of modest gifts to a handful of local (and one non-local but nearby) organizations as a surprise holiday gift. Those organizations were:
- Access Opportunity
- Boulder Community Foundation Leadership Fellows
- Colorado FIRST Robotics
- Community Food Shares
- CU Science Discovery
- Defy Ventures Colorado
- Donors Choose – Sphero Match
- Emergency Family Assistance Association in Boulder (“EFAA”)
- I Have A Dream – Boulder
- Our Center
- Ranger Projects Yellowstone Forever Institute
If you are a co-founder at a startup, leading a company, or an employee at a company and want to learn more, check out the Pledge1% (or here if you’re in Colorado). Or email me or Micah Mador if you want to get involved.