Tech Consultants Gift Ownership to Virginia Community Capital
Technology consulting service Impact Makers has given ownership of the company to Virginia Community Capital and The Community Foundation Serving Richmond and Central Virginia. The 75 employee company has previously won acclaim for donating all of its profits to charitable causes. The total value of the equity gift to the two organizations is about $11.5 million. Virginia Community Capital will own 30 percent of the stock, while The Community Foundation will own 70 percent. “It is truly rare that a business would give away its economic value to help the community, but that is what Michael Pirron and Impact Makers did,” said Terri Lovelace, senior vice president for community investments and impact at Virginia Community Capital.