San Francisco – September 15, 2014 – Cooley LLP announced today that it advised Full Circle Fund on its launch of the Founders' Pledge, a new approach to corporate philanthropy by which startup companies and founders commit to integrating contributions toward social causes and civic engagement into their company culture.
In taking the Pledge, founders and companies contribute a combination of their funds, skills/product and equity to a degree that is appropriate for their respective companies' stage of development. Those that take the Pledge may choose to support Full Circle Fund-supported organizations in the education, economic opportunity, environment or health space – or they can select non-Full Circle Fund organizations.
Cooley has been pro bono counsel to the Full Circle Fund for more than ten years. A Cooley team led by emerging companies partner and Full Circle Fund board member Peter Werner worked with the Full Circle Fund to design and implement the Pledge. Cooley's vast experience with startups helped the firm create a structure that would be sustainable for all companies and entrepreneurs at all stages of development.
Corporations and individual founders can learn more about signing the Founders' Pledge at http://www.makethepledge.org/.
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