Fund II Foundation was established in 2014 for the purpose of making grants to public charities. To date, Fund II Foundation has made grants worth more than $240 million to a broad range of charities, including The Susan G. Komen Breast Cancer Foundation, The United Negro College Fund, NPower, The Opportunity Network and The National Park Foundation.
The Foundation is the result of an agreement made at the inception of Vista Equity Fund II. Vista Equity Fund II was Vista Equity Partners’ original fund, and Point Investments was the original limited partner. As a condition of its participation in Vista Equity Fund II, Point required that assets be held and managed to satisfy liabilities that might be owed to Point at the winding up of Vista Equity Fund II. The parties also agreed that, if at the time of the Fund ‘s conclusion assets remained after satisfying liabilities, those assets would be given to charity. Vista Equity Fund II came to an end in 2014, and the assets that remained at that time enabled the creation of Fund II Foundation. The membership of the Fund II Foundation’s board consists of at-large directors, a director selected by Point Investments, and Robert Smith.