Foundry Group donation to help Community Foundation bridge nonprofit shortfall

BOULDER — The Community Foundation Serving Boulder County, with a big assist from local venture-capital firm Foundry Group, announced Monday that it is planning to give out an extra $300,000 in grants to area nonprofits this summer to help offset major cuts announced last month by Foothills United Way.

The donation came as part of Foundry Group’s participation as a founding member of the Entrepreneur’s Foundation of Colorado, in which startups and other companies donate either a portion of their founding equity or a portion of annual profits to benefit the community.

Community Foundation president Josie Heath said Monday that many of…