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Not-for-Profit Law: Across the For-Profit / Non-Profit Divide – The
Search for Social Impact and Financial Sustainability (OnDemand)
Originally held on Friday, November 5, 2021 | 2:00 pm - 5:00 pm
Program Fee:
$199 for Members | $299 for Nonmembers
Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2020-2022), In-House/Corporate Counsel, Judges, and attorneys who practice within the Government, Academic or Not-for-Profit sectors attend this program for free.
CLE Credit:
New York: 3.0 Professional Practice
New Jersey: 3.3 General
California: 2.5 General
Pennsylvania: 2.5 General
Connecticut: Available to Licensed Attorneys
This program provides transitional/non-transitional credit to all attorneys
Description
Traditional shareholder-focused business enterprises and large
philanthropic foundations have often been criticized for failing to
solve, if not actually creating, many of the global "existential"
threats faced today. Small and medium-sized social enterprises (SMSEs)
that focus on the specific needs of their communities and customers are
sometimes held out as providing alternative solutions. However, whether
they are for-profit or non-profit, SMSEs often find it difficult to
maintain financial sustainability and achieve their potential for social
impact at scale.
This CLE program will explore several ways in which non-profit and
for-profit SMSEs are increasingly looking to each other's sectors for
strategies that increase their chances of successfully addressing these
challenges. The opening session will examine one such strategy: the use
of non-profit and for-profit subsidiaries. Specific examples will be
discussed that illustrate their potential uses and how the governance
and legal/regulatory challenges that sometimes arise can be addressed.
The second panel will focus on the ways in which social enterprises are
pursuing improved financial sustainability. Various innovative
approaches to social finance that straddle the two sectors will be
examined. These include “blended finance” where philanthropic and
government funding are leveraged to increase access to private capital,
venture philanthropy that uses venture capital strategies to fund
enterprises pursuing social impact and "recoverable grants" or "soft
loans" that share characteristics of both charitable grants and debt.
The program will conclude with a “fireside chat” that brings together
thought leaders from the legal community for a facilitated discussion on
some of the big picture questions being asked about the future role of
both traditional philanthropy and shareholder-focused capitalism and
what role the law can and should play in producing workable solutions.
Three key skills you will learn:
1) How and when to structure non-profit and for-profit subsidiaries/affiliates;
2) How to understand the benefits of “impact investing” and types of related
investment vehicles; and
3) Learn about future trends affecting philanthropy today from funder’s priorities,
impacted stakeholders and legal scholars
Click Here to View Program Agenda & Faculty
Program Co-Chairs:
Hal Glasser, Founder, Health Impact Partnership, Inc. and Counsel, Vital Strategies, Inc.
Samantha Heffner, Advisory Board Chair, IAVA
Angela Loc, Associate, DLA Piper LLP (US)
James C. Murray, Partner, ExSight Ventures
Sponsoring Association Committees:
Emerging Companies & Venture Capital, Angela D. Loc, Chair
Non-Profit Organizations, Jackie Ewenstein & Amarah Sedreddine, Co-Chairs