SOURCE: Legacy Venture

May 15, 2008 11:00 ET

Legacy Venture Adds Managing General Partner

PALO ALTO, CA--(Marketwire - May 15, 2008) - Alan Marty is a new managing general partner at Legacy Venture, a community of more than 200 philanthropists, foundations and select non-profits using venture-capital investments and collaborative learning to address urgent global needs.

"Alan's wisdom, experience, and investment judgment are a perfect addition to Legacy as we build on our early success," said Chris Eyre, managing general partner. "Venture capital is rapidly evolving into an international effort with many emerging investment opportunities in areas such as clean tech and consumer. Alan's experience in many new sectors and across different investment stages is ideal for us at this point of our development."

Russ Hall, co-founding managing general partner, added: "Alan's active involvement in service is a direct match with Legacy's mission of growing philanthropy. His ability to be immediately effective across the full range of Legacy's activities is a huge boost. As philanthropic organizations seek to fill the gap left by constrained government budgets, Alan's experiences at the highest levels of government will be very useful."

Marty brings investment, technology and philanthropic perspectives to Legacy Venture. Throughout his career, he has been involved with early or emerging technologies, helping determine the technological and business viability of promising scientific breakthroughs such as semiconductors, nanotech and rocket science for his organizations.

Most recently, Marty was the venture capitalist for NASA, where he engaged private investors to develop the commercial launch vehicles needed to replace the NASA space shuttle. While at JPMorgan Partners, Marty led the nanotechnology venture investment program. At Hewlett-Packard, he was general manager of the multi-national integrated circuit business. Following the spinoff of Agilent Technologies from HP, Marty became general manager of the microdisplay business, an early entrant into commercialized nanotechnology in consumer electronics.

Early in his career, Marty was an associate professor in materials science at Silliman University and later received a Presidential appointment in the prestigious White House Fellow program. Marty received his bachelor's degree in materials science from Iowa State University. At Stanford University, he received both a master's in business administration from the Graduate School of Business and a master's from the Graduate School of Education.

About Legacy Venture

Since its founding in 1999, Legacy Venture has raised five funds, and manages well over half a billion dollars from individuals, foundations and select not-for-profits. Legacy aims to amplify philanthropy in two ways. First, the organization expands charitable contributions through investments in premier venture capital funds. Second, Legacy creates a collaborative community of philanthropists who learn from one another.

Distributions of stock of Google (YouTube), Seagate, PayPal, Netflix and many other successful companies have fueled the philanthropy of Legacy's investors, who intend that all distributions go to each investor's favorite philanthropic causes. Collaborative and individual philanthropy have supported causes in the fields of education (e.g., New Schools Venture Fund, DonorsChoose.org, Eastside College Prep), environment (e.g., Environmental Entrepreneurs, The Nature Conservancy, Natural Resources Defense Council, Environmental Defense Fund), world poverty (e.g., Unitus, Grameen Bank, Acumen Fund), human health and dignity (e.g., CARE, Innocence Project, Interplast, Lucile Packard Children's Hospital, Human Rights Watch) and many other areas.

For more information, please visit the website at www.legacyventure.com.