Sunstone Community Fund Announces Million Dollar Pledge for Early-Stage Entrepreneurship

IRVINE, Calif.–(BUSINESS WIRE)–The Sunstone Community Fund today announced its commitment of $1 million over the next five years to support early-stage entrepreneurship and economic development. The fund, to which donors can also contribute, will allow Sunstone to grow and build on its charitable giving to universities and organizations that provide training and support to underrepresented founders and advance the economic development.

The Sunstone Community Fund is a Donor Advised Fund established in 2022 through a contribution from Sunstone’s founding partner John Shen. Since then, the Sunstone Community Fund has awarded grants and scholarships totaling $270,000 to universities and nonprofit organizations that support early-stage entrepreneurship by implementing training programs, coordinating events and activity that supports and promotes entrepreneurship, and building the capacity of public agencies to build vibrant and inclusive startup ecosystems.

“We are excited to announce our Million Dollar Pledge through the Sunstone Community Fund, furthering our mission to support the next generation of founders and innovators,” said John Keisler, CEO and Managing Partner of Sunstone Management. “Donors can expect to see their contributions grow startups and grow local entrepreneurial ecosystems.”

Notable grants awarded by the Sunstone Community Fund in 2022 include the CSU Community Builder Grant, the Long Beach Accelerator Center of Excellence Grant, and the TiE SoCal Entrepreneurship Grant. These grants have served to grow university startup incubator programs, build tech accelerators in partnership with local governments, and support diverse founders.

In the coming months, the Sunstone Community Fund will be seeking donations to grow the Sunstone Community Fund and its impact. Those interested in donating can learn more about the Sunstone Community Fund here. Contributions are tax-deductible and directed to supporting early-stage entrepreneurs.

About Sunstone Management

Sunstone Management is a diversified private capital sponsor firm located in Southern California that invests in diverse early-stage technology entrepreneurs seeking to build promising companies. We believe in the aspirational power of the American economy to attract and inspire investors and entrepreneurs from around the world. We deliver new and exciting opportunities for economic growth through the creation of innovative public-private partnerships, and our unique experience across government, education, and the private sector. Recognized by the Financial Times as one of America’s Fastest Growing Companies.

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About the Sunstone Community Fund

The Sunstone Community Fund is a Donor Advised Fund managed by the National Philanthropic Trust. This is an integral part of Sunstone Management’s vision to promote public benefit programs that support the development of an inclusive and vibrant entrepreneurial ecosystem. SCF supports a network of universities, nonprofit organizations, and government agencies that develop and implement university-based entrepreneurship programs, early-stage tech accelerators, and advance local economic development through of inclusive entrepreneurship and innovation.

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