BrightStar Wisconsin Foundation Inc. is a

Milwaukee, Wisconsin Milwaukee is the List of cities in Wisconsin, most populous city in the U.S. state of Wisconsin. Located on the western shore of Lake Michigan, it is the List of United States cities by population, 31st-most populous city in the United States ...

based non-profit that was formed by

angel investor An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital to a business or businesses, including startups, usually in exchange for convertible de ...

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 WEDC was an AM radio station that operated on 1240 kHz in the Chicago market. It shared this frequency with WCRW and WSBC. The three stations operated as "shared-time stations" for most of their existence, a not uncommon arrangement ...

in its mission to create family-sustaining jobs in the Wisconsin."

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. 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.

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* {{Venture capital firms Financial services companies established in 2014 Venture capital firms of the United States Community foundations based in the United States Organizations based in Milwaukee 2014 establishments in Wisconsin

History

See also

References

External links