Welcome to the new Sunstone Community Fund Newsletter.
We will be sending this communication out once every quarter to keep you and your fellow donors up to date on the Community Fund’s activities, new partners and other important information. Of course, you can always get more at the fund’s website, sunstonecommunity.org, or by getting in touch with Jayro Sandoval at Jayro.Sandoval@Sunstoneinvestment.com.
In This Issue
1. A vision for the future
2. Community Fund activities
3. Upcoming events
Since this is our first newsletter, we thought it might be helpful to explain a bit about the Community Fund. Let’s start with our vision – the vision you have joined.
What We Do
The Sunstone Community Fund is committed to catalyzing partnerships that create economic opportunities for startup founders and communities throughout the United States.
We support a network of universities, nonprofit organizations and public-private partnerships including accelerators to develop entrepreneurship programs, early-stage tech accelerators and advance local economic development.
Where Donations Go
The Sunstone Community Fund is young – it was started just last year. Yet we have already sponsored several university entrepreneurship contests with prize money and made several grants to grow and support incubators and early-stage tech accelerators.
As the new school year begins, the California State University system is featuring the Sunstone CSU Startup Launch Competition, a contest for entrepreneurs from each of the 23 campuses. The event launched last spring, fueled by a $1 million, five-year commitment from the Community Fund. Teams already are forming for a year of work on their businesses, prepping for the Spring 2024 competition.
We work with more than the CSU. At the end of August, we sponsored the Pitch. Launch. Grow. Pitch competition put on by the University Lab Partners at University of California, Irvine. The top company in Life Science and Medical Technology each won a $10,000 check from SCF.
What’s Coming Up
With your help, we plan to continue growing our impact nationwide. Here are a few upcoming activities.
Sept. 6 --
Master Minds Startup Workshop #65 www.ocstartupcouncil.org/masterminds- at the Sunstone Stage.
- This workshop is a technology startup accelerator coaching community service aimed at helping entrepreneurs and investors get together, share expertise, and make connections to make the startup ecosystem stronger.
Sept. 28 --
Accelerate Long Beach - Economic Forum lbep.org/accelerate/
- The event will include an economic update, forecast, and report on trends in consumer spending, housing, international trade, employment and other economic factors.
Oct. 5 --
Unexpected Connections unexpectedconnectionsevent.com/
- brings together the highest-level creative minds across diverse fields including art, design, technology, business, and food. Intimate conversations will drive new perspectives over a series of one-on-one conversations. These connections will serve as the catalyst for ideas that will propel creative culture to new heights.
Nov. 3 --
CSU Demo Day www.csulb.edu/institute-for-innovation-entrepreneurship/csu- demo-day
- This event allows the CSU community to connect with venture capitalists and angel investors all in one place.
Your donation supports entrepreneurship and the future of the American Economy. Donate Now!
Be A Sunstone!
Tell your friends and colleagues about The Sunstone Community Fund Newsletter and the insights it provides. To receive a copy each week, sign up at the link.
About Sunstone Community Fund
The Sunstone Community Fund is a key component of the Sunstone Management vision to advance public benefit programs with support of inclusive and vibrant entrepreneurial ecosystems through grants, sponsorships and more. [GU1] SCF is a Donor Advised Fund managed by the National Philanthropic Trust. A DAF allows donations to be tax-deductible, with distributions directed to meet the fund’s goals.
Note: Sunstone Community Fund is a charitable organization sponsored by Sunstone Management, Inc. Neither Sunstone Management, nor any of its affiliates, manage the assets of the Fund or receive a fee for being a sponsor. National Philanthropic Trust serves as the manager of the DAF and receives compensation for its services which may effectively reduce the amount of your donated funds. Donors are advised to consult with their financial and tax advisors to understand how DAF contributions may impact their financial and tax circumstances.
I think what you need here is more information about what the fund is. You already state the vision in the text, but you haven't made it clear that SCF is not an investment vehicle, but rather a DAF and then a sentence about what a DAF is.
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