By: David M. Foster, CFP®, CAP®

Hello, listeners, and welcome to the 23rd episode of the Gateway Giving Podcast!

My guest today is Gabe Angieri. Gabe is the Director of Development & Strategy for Arch Grants, a 501(c)(3) nonprofit that provides $50,000 equity-free grants and access to an ecosystem of resources, helping early-stage startups grow and scale in St. Louis.

To be honest, I was somewhat skeptical coming into this interview. Why should an organization that funds for-profit companies be granted nonprofit status? I don’t think many people would argue that giving equity-free grants to early-stage startups and then helping those startups to grow and scale is a bad thing for our region, but just because it’s a good thing doesn’t mean you should get a tax deduction for your donation to an organization that does that.

However, Gabe successfully convinced me that Arch Grants is less venture capital fund and more economic development association. Obviously, the grants they give to these companies are good for the companies and their founders, but it’s also making a positive impact on the economic environment throughout our region, and economic wellbeing is an essential component of overall wellbeing.

As always, if you have any questions, requests, or suggestions for people or organizations for me to interview, you can email me at david@gatewaywealthstl.com. Now, without further ado, here is my interview with Gabe!

Gabe Angieri and Arch Grants are not affiliated with or endorsed by LPL Financial, Gateway Wealth Management, or Cornerstone Wealth Management.

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