BrightStar Wisconsin Foundation Inc.
Formation2014 (2014)
HeadquartersMilwaukee, Wisconsin, United States
Key people
Thomas M. Shannon
(President & CEO)
Jeff Harris (Board Chairman)
Revenue (2015)
$1,350,235[1]
Expenses (2015)$419,714[1]
Websitewww.brightstarwi.org

BrightStar Wisconsin Foundation Inc. is a Milwaukee, Wisconsin based non-profit that was formed by angel investor Tom Shannon and seven additional founding donors. It is a means of economic development by members of the state's private sector. "BrightStar was formed for the purpose of assisting WEDC in its mission to create family-sustaining jobs in the Wisconsin."[2]

History

The foundation began by each of the eight original donors pledging 500,000 dollars to seed a fund for a total of 6 million dollars.[3] The foundation also seeks tax deductible donations from wealthy individuals, foundations, and corporations willing to take the risk. The foundation reinvests in state companies all earnings and returns from its portfolio. Donors will not receive returns on their contributions.[4][5]

See also

References

  1. 1 2 "BrightStar Wisconsin Foundation Inc" (PDF). Foundation Center. Retrieved 26 June 2017.
  2. ↑ BizTimes Media LLC (June 2, 2015). "BrightStar invests in two new companies, names Hall to board". BizTimes Media LLC. Retrieved 2015-06-27. BrightStar was formed for the purpose of assisting WEDC in its mission to create family-sustaining jobs in the Wisconsin"
  3. ↑ "A Time to Build | Update - Nonprofit forming to invest in Wisconsin start-up companies". jsonline.com. Retrieved 2015-06-25.
  4. ↑ "Brightstar invests $350,000 in 3 state start-ups". jsonline.com. Retrieved 2015-06-25.
  5. ↑ "BizTimes: Milwaukee and Southeastern Wisconsin Business News | BizTimes". biztimes.com. Retrieved 2015-06-25.
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