Nonprofits score off Twitter’s acquisition of Gnip

BOULDER – Twitter’s acquisition of Boulder-based Gnip Inc. in April marked a big payoff for more than just the company’s founders and investors. Local nonprofits also scored.

The company’s founders this week presented the Entrepreneur’s Foundation of Colorado a check for $587,155, the share of founding equity that Gnip pledged to the foundation years ago. The amount is an estimate based on a combination of cash and Twitter stock that the foundation received as part of the deal. The foundation must wait six months before cashing in the Twitter stock.

The Entrepreneur’s Foundation of Colorado was set up by local businesses and…