Fifth Star Funds
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$25,000 gives one Chicago founder the first check their friends and family couldn't write.

Any amount joins the fund that writes these checks. Your contribution is tax-deductible, and if a company we back exits one day, the proceeds go out again to the next founder.

Fifth Star Funds Inc. · EIN 88-1382953 · A 501(c)(3) public charity · Contributions are tax-deductible
Back a founder

$25,000 is one first check.

It's the amount we write to every company.

Contributions go into the fund that writes every first check. If you're thinking about giving at this level, write to contributions (at) fifthstarfunds.org or send us a note.

What your $25,000 does

One Chicago founder gets to keep going.

Your contribution joins the pool that writes each $25,000 SAFE, in a Chicago company whose founder our committee has evaluated on the same ten-dimension rubric as everyone else. The founder gets LongJump's coaching and introductions with it.

You'll hear about each founder we back, and how the companies are doing after that. If the company exits, our share comes back to the fund and goes out again as the next first check, which is what makes us an evergreen fund.

We expect the first returns on a five to ten year horizon.

Who else is at the table

More than a hundred individuals, family foundations and companies have contributed since 2021. Family foundations, exited founders, a few corporations, and the Chicago venture community.

The Steans family has been with us since 2021. All our supporters

Give any amount

Small contributions add up to a check.

$100 a month is $1,200 a year toward the next first check.

Your contribution is tax-deductible, and you'll get a receipt by email the same day.

More ways to give

From a donor-advised fund, or by wire or ACH.

Donor-advised fund

Recommend a grant from your DAF

Fidelity Charitable, Schwab Charitable, Vanguard Charitable, your community foundation, or any other sponsor. Search for us by legal name and EIN: Fifth Star Funds Inc., 88-1382953. Grants usually arrive with your name, which lets us thank you. If you'd rather stay anonymous, tell your sponsor.

Wire and ACH

Send a wire or an ACH transfer

Fill in the short form below and we'll reply with our wire and ACH instructions, then send a receipt to the right address. Our W-9 and IRS determination letter are here.

W-9 (PDF) IRS determination letter (PDF)

A missing receipt, or a contribution that doesn't fit these paths: write to contributions (at) fifthstarfunds.org.

Tell us a contribution is coming

For a wire or ACH, tell us it's coming and we'll send the instructions.

Transfers arrive without much of a name on them. Thirty seconds here means your receipt goes to the right address and we can thank you properly.

Where your contribution goes

In our current budget, about $20 of every $25 goes to founders.

About $17 goes into a founder's company as the first check, and about $3 pays for the operator support that comes with it. The other $5 runs the fund: the day-to-day operations, the evaluation, the legal work and the accounting.

We call our contributors unlimited partners. A venture fund's limited partners expect their money back. Ours give knowing nothing comes back to them, and nothing comes back to us either, so every return goes out again as a first check. Thirty-six checks in, twenty-eight companies are building and ten have raised $100,000 or more since our check.

Financials, 990s and how we count

Where every $25 contribution goes, in our current budget About $20 of every $25 goes to founders: $17 as the first check into the company and $3 as the operator support that comes with it. The other $5 runs the fund: the day-to-day operations, the evaluation, the legal work and the accounting. Every $25 contribution $17 $3 $5 About $20 to founders $17 the first check, into the company $3 the operator support that comes with it $5 runs the fund: day-to-day operations, the evaluation, the legal work and accounting
Before you decide

If you'd rather see the companies before you give, start with the founders.

1

Meet the founders

Twenty-eight companies still building, every one backed with the same $25,000 check.

Portfolio
2

See how the loop works

Contribution to committee to SAFE to founder, and if the company exits, back to the fund. With a worked example.

How It Works
3

Check our filings

Legal name, EIN, 990s and the board, on one page.

Financials and governance

Stay in touch

Updates on the founders we back and the work behind the checks.