Make the Most of Your Donation
We believe in fledgeling businesses in our community. As part of our diversification strategy, the Morning Star Foundation Finance and Investments committee has made a strategic decision to allocate a portion of its liquid assets for investment in start-up companies that show significant promise in the Spokane community. The Foundation has provided capital for these companies primarily through convertible debt instruments, and minority ownership stakes in the company. Volunteers on the board of directors also provide professional business advice and mentorship to these developing businesses. We believe in Spokane.
Kids Benefit from a Strong, Healthy Community
The Morning Star Foundation has invested in Medcurity which was founded in Spokane, WA., by Joe Gellatly and Amanda Hepper. Their team has decades of experience in healthcare, technology, and compliance. Medcurity was formed to help healthcare organizations manage complex HIPAA and security requirements in one powerful platform. Medcurity helps health care organizations conduct security risk analysis with confidence, create policies and procedures tailored to your organization, and manage your business associates agreements in a 100% digital environment.
Spokane Angel Alliance
The Spokane Angel Alliance (SAA) is the largest and most active angel investor group focused on investing in emerging companies in Eastern Washington, Idaho and Montana. The Morning Star Foundation is proud to be counted amongst the over 100 individuals and corporate members of SAA. The SAA meets six times per year to review investment presentations from selected companies. Over the last 10 years, members of the SAA have invested over $54 million in 46 companies. SAA primarily invests in companies headquartered in Eastern Washington, Idaho and Montana; but occasionally invests in companies based in adjacent regions. These investments are typically structured as preferred stock, common stock or convertible promissory notes. Investment amounts vary widely.
The Morning Star Foundation is amongst the group of investors that have pooled their resources to help launch regional startups through Kick-Start IV, the fourth such angel investment fund composed of Spokane investors. Kick-Start IV will primarily target equity investments in seed and early-stage companies based in Eastern Washington, northern Idaho, and western Montana,” Simpson says. “The fund has the flexibility to invest up to 30% of its capital into adjacent regions—Boise, Portland, and Seattle, for example.” Simpson says the fund will work with members of the Spokane Angel Alliance, Ignite Northwest’s Technology Growth Fund, Mind to Market, and other angel and venture capital funds to secure incremental capital for the companies in which Kick-Start IV invests.
Gestalt Diagnostics provides software modules, industry leading connectivity, and support services to empower pathologists, generate objective and reproducible results, increase productivity and efficiency, and significantly reduce the diagnostic error rate for laboratories of all sizes. Gestalt’s technology provides digital pathology using artificial intelligence and industry leading connectivity and services.
Arevo Health helps companies better manage their employee health plans. Today 26,000 US companies self-insure their health plan benefits. The Arevo solution collects and analyzes expense data from multiple plan vendors, the employer, and employees to empower employers for the first time to effectively manage their health benefit spend. Their vendor agnostic system provides the technology to drive transparency into the heavily conflicted healthcare marketplace.
OddJobbers is a web-based startup that connects college students with residents needing work done, such as yard maintenance, pet sitting, moving furniture, snow shoveling, house painting and even music lessons. The startup was founded in April 2018 and is growing with the leadership of their founders and board of directors, including Morning Star Foundation's David Shriner.
With 250+ spices, blends, herbs, chiles, salts, confections, fruit and vegetable powders and modernist ingredients, it's no wonder that Spiceology's grind fresh, deliver fresh philosophy is loved by professional and home chefs alike.