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Kauffman Foundation
The Ewing Marion Kauffman Foundation (Kauffman Foundation) is a registered 501(c)(3) nonprofit, private foundation based in Kansas City, Missouri. It was founded in 1966 by Ewing Marion Kauffman, who had previously founded the drug company Marion Laboratories. The Kauffman Foundation works with communities to build and support programs that boost entrepreneurship, improve education, and contribute to the vibrancy of Kansas City. The Kauffman Fellows Program, known for supporting diversity in the field of venture capital, originated from the Kauffman Foundation. In a statement quoted by TechCrunch, fellows said that they “have measured the importance of a trusted diverse network and how it impacts the success and longevity of the best investors in the industry. Research has shown that Kauffman Fellows not only have larger returns than the industry average, but they stay in the industry 15+ years post-fellowship, which is 2X the minimum number of years it takes to recognize ...
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Ewing Marion Kauffman Foundation Logo
Ewing may refer to: People * Ewing (surname) * Ewing (given name) Places ;United States * Ewing Township, Boone County, Arkansas * Ewing, Illinois, a village * Ewing Township, Franklin County, Illinois * Ewing, Indiana, an unincorporated community * Ewing, Kentucky, a city * Ewing Township, Michigan * Ewing, Missouri, a city * Ewing, Nebraska, a village * Ewing Township, Holt County, Nebraska * Ewing Township, New Jersey *: Ewing (unincorporated community), New Jersey, an unincorporated community within the township * Ewing/Carroll, Trenton, New Jersey, a neighborhood in the city of Trenton * Ewing, Ohio, an unincorporated community * Ewing, Angelina County, Texas. a ghost town * Ewing, Virginia, a census-designated place * Ewing Yard, a rail yard on the St Louis MetroLink ;Elsewhere * Ewing Island (Antarctica) * Ewing Island (New Zealand) * Ewing Seamount, in the south Atlantic Ocean Other uses * Ewing Public Schools, a school district serving Ewing Township, Merce ...
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Kauffman Fellows Program
The Kauffman Fellowship is a two-year educational, networking, and leadership development program for venture capitalists. It was named after Ewing Marion Kauffman. The Kauffman Fellows Program is a nonprofit with a history of identifying, educating, mentoring and networking future venture capitalists. , it had graduated more than 250 fellows, who have worked at venture firms in the U.S. and internationally. History The Kauffman Fellows Program originated as an endeavor of the Ewing Marion Kauffman Foundation, from which it was spun out in 2000, and is now managed by the Center for Venture Education, based in Palo Alto, California. Notable Kauffman Fellows *Trish Costello, Portfolia *Mamoon Hamid, Social Capital * Jenny Lee, GGV Capital *Mala Gaonkar Mala Gopal Gaonkar (born November 1969) is an American businesswoman, former portfolio manager at investment firm Lone Pine Capital, and the head of investment firm SurgoCap Partners. Early life and education Gaonkar was born ...
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Companies Based In Kansas City, Missouri
A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the State (polity), state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is to generate sales, revenue, and For-profit, profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limi ...
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Missouri Attorney General
The Office of the Missouri Attorney General was created in 1806 when Missouri was part of the Louisiana Territory. Missouri's first Constitution in 1820 provided for an appointed attorney general, but since the 1865 Constitution, the Attorney General has been elected. As of January 2023, there have been 44 attorneys general in Missouri. By law, the attorney general is a member of the Board of Fund Commissioners, the Board of Public Buildings, the Governor's Committee on Interstate Cooperation, the Missouri Highway Reciprocity Commission and the Missouri Housing Development Commission. Offices of the Attorney General are located throughout the state of Missouri with the main office being in the Supreme Court building in Jefferson City. Attorney for the State The Missouri Attorney General is the attorney for the state, representing the legal interests of Missouri and its state agencies. As the state's chief legal officer, the attorney general must prosecute or defend all appea ...
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Carl Schramm
Carl J. Schramm (born 1946) is an American economist, entrepreneur, author, former President of the Ewing Marion Kauffman Foundation, and University Professor at Syracuse University. He is the author of the book ''Burn the Business Plan: What Great Entrepreneurs Really Do'', published by Simon & Schuster. ''The Economist'' named Schramm the "evangelist of entrepreneurship"''.'' Early life and education Schramm was born in 1946, in Syracuse, New York. He graduated from Le Moyne College with a B.S. in economics and then received a M.S. in 1969, a Ph.D. in economics from the University of Wisconsin in 1973, and a Juris Doctor from the Georgetown University Law Center in 1978. Career He was a Ford Foundation Doctoral Fellow and New York State Regents Graduate Fellow at Wisconsin. Schramm began his career as staff economist at the National Commission on State Workmen's Compensation Laws. He later served as Special Advisor to the Assistant Secretary for Policy at the U.S. Department ...
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Entrepreneurship
Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entrepreneur () is an businessperson, individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as "entrepreneurship". The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, often similar to a small business, or (per ''Business Dictionary'') as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a Profit (accounting), profit". The people who create these businesses are often referred to as "e ...
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TechCrunch
TechCrunch is an American global online newspaper focusing on topics regarding high tech, high-tech and Startup company, startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. In 2010, AOL acquired the company for approximately $25 million. Following the 2015 Verizon Communications#Acquisition of AOL and Yahoo, acquisition of AOL and Yahoo! by Verizon, the site was owned by Verizon Media from 2015 through 2021. In 2021, Verizon sold its media assets, including AOL, Yahoo!, and TechCrunch, to the private equity firm Apollo Global Management. Apollo integrated them into a new entity called Yahoo! Inc. (2017–present), Yahoo! Inc. In addition to its news reporting, TechCrunch is also known for its annual Disrupt conference, a technology event hosted in several cities across the United States, Europe, and China. History TechCrunch was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington a ...
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Venture Capital
Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc. Venture capital firms or funds invest in these early-stage companies in exchange for Equity (finance), equity, or an ownership stake. Venture capitalists take on the risk of financing start-ups in the hopes that some of the companies they support will become successful. Because Startup company, startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovation, innovative technology or business model and often come from high technology industries such as information technology (IT) or biotechnology. Pre-seed and seed money, seed rounds are the initial stages of funding for a startup company, typically occurring earl ...
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Marion Merrell Dow
Marion Merrell Dow and its predecessor Marion Laboratories was a U.S. pharmaceutical company based in Kansas City, Missouri, from 1950 until 1996. The company specialized in bringing to market drugs that had been discovered but unmarketed by other companies including Cardizem which treats arrhythmias and high blood pressure, Carafate (an ulcer treatment), Gaviscon (an antacid), Seldane (a withdrawn antihistamine), Nicorette (anti-smoking gum) and Cepacol mouthwash. The company operating out of its headquarters at 9300 Ward Parkway was a springboard for its founder Ewing Marion Kauffman to start the Kansas City Royals baseball team. History Richardson-Merrell The company traces its roots back to 1828 when William S. Merrell opened the Western Market Drug Store at Sixth Street and Western Row (now Central Avenue) in downtown Cincinnati, Ohio. Merrell expanded into the wholesale drug business. Following his death in 1880 his sons formed the William S. Merrell Chemical Compa ...
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Ewing Marion Kauffman
Ewing Marion Kauffman (September 21, 1916 August 1, 1993) was an American pharmaceutical entrepreneur, philanthropist, and Major League Baseball owner. Early life and education Ewing Kauffman was born on September 21, 1916, on a farm near Garden City, Missouri. He was the son of John S. Kauffman and Effie May Winders, who were German-Americans. When Kauffman was a child, his father was in a farming accident which left him blind in his right eye. Following the accident, his father relocated the family to Kansas City, where he worked as a life insurance salesman. As a child, Kauffman loved reading. When he was 11, he had to leave school for a year, due to a heart valve that would not close completely. During this year, Kauffman taught himself how to speed read. It was not uncommon for him to read one to two books a day. In later years, Kauffman believes his success in the pharmaceutical business stemmed from his ability to read quickly. In 1928, when Kauffman was 12, his parent ...
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Foundation Center
Candid is an information service specializing in reporting on U.S. nonprofit companies. In 2016, its database provided information on 2.5 million organizations. It is the product of the February 2019 merger of GuideStar with Foundation Center. The organization maintains comprehensive databases on grantmakers and their grants; issues a wide variety of print, electronic, and online information resources; conducts and publishes research on trends in foundation growth, giving, and practice; and offers education and training programs. History GuideStar Formation–1997 GuideStar was one of the first central sources of information on U.S. nonprofits and is the world's largest source of information about nonprofit organizations. GuideStar also serves to verify that a recipient organization is established and that donated funds go where the donor intended for individuals looking to give in the wake of disasters. Guidestar was founded by Arthur "Buzz" Schmidt in Williamsburg, Virginia ...
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Private Foundation (United States)
Until 1969, the term ''private foundation'' was not defined in the United States Internal Revenue Code. Since then, every U.S. charity that qualifies under Section 501(c)(3) of the Internal Revenue Service Code as tax-exempt is a "private foundation" unless it demonstrates to the IRS that it falls into another category such as public charity. Unlike nonprofit corporations classified as a public charity, private foundations in the United States are subject to a 1.39% excise tax or endowment tax on any net investment income. The US-based Foundation Center uses a more specific definition of private foundation which hinges in part on the existence of an endowment: a private foundation is a nongovernmental, nonprofit organization, which has a principal fund managed by its own trustees or directors. Hopkins (2013) listed four characteristics that make up a private foundation, also including an endowment as a condition for private foundations: * It is a charitable organization and thu ...
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