Hot Topics in Not-for-Profit Law: Across the For-Profit / Non-Profit Divide – The Search for Social Impact and Financial Sustainability
Friday, November 5, 2021 | 2:00 pm - 5:00 pm
$199 for Members | $299 for Nonmembers
Members who are Law Students, Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2019-2021), In-House/Corporate Counsel, Judges, and attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.
New York: 3.0 Professional Practice
New Jersey: 3.3 General
California: 3.0 General
Pennsylvania: 2.5 General
Connecticut: Available to Licensed Attorneys
This program provides transitional/non-transitional credit to all attorneys
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
Jackie Ewenstein, Ewenstein & Roth LLP
James C. Murray, Partner, ExSight Ventures
Amarah Sedreddine, Sedreddine & Whoriskey, LLP
Sponsoring Association Committees:
Emerging Companies & Venture Capital, James C. Murray, Chair
Non-Profit Organizations, Jackie Ewenstein & Amarah Sedreddine, Co-Chairs