I'll be moderating the session Blending Profit and Purpose: The Future of Hybrid Organizations at the Net Impact Annual Conference taking place in Silicon Valley from October 24-26. The panelists are: Robert Lang, CEO and Founder of Americans for Community Development and creator of the first L3C (low-profit limited liability company); Bart Houlihan, Co-Founder of […]
b corporation
Doing Well & Doing Good: Hybrid Models for Social Impact
On March 20, 2012, I attended "Doing Well & Doing Good: Hybrid Models for Social Impact," an event co-sponsored by the Foundation Center – San Francisco, UpStart Bay Area,the Hub Bay Area, the Social Enterprise Alliance San Francisco Bay Area Chapter, and the Stanford Social Innovation Review. Here is the introduction to the webcast event provided […]
Benefit Corporations – Part I
Benefit Corporation Characteristics While there may be some variation among jurisdictions adopting benefit corporation legislation, they generally require the following: A purpose of creating general public benefit – A material positive impact on society and the environment, taken as a whole, assessed against a third-party standard, from the business and operations of a benefit corporation. […]
Pursuing Profit and Purpose: The Debate in California’s Statehouse and What it Means for Us
Emily and I just returned from a panel discussion at The HUB San Francisco on Pursuing Profit and Purpose: The Debate in California's Statehouse and What it Means for Us presented by The Aspen Institute and Omidyar Network. The focus was on two bills going through California's legislature that could significantly change the social enterprise sector: […]
Corporate Flexibility Act of 2011
On February 8, California Sen. Mark DeSaulnier introduced the Corporate Flexibility Act of 2011 (SB 201) which would authorize and regulate the formation and operation of a new form of corporate entity known as a flexible purpose corporation. As stated in the Legislative Counsel’s Digest: The bill would specify the required and permitted contents of articles of incorporation that a […]
Maryland’s Benefit Corporation
On April 13, 2010, Maryland became the first state to recognize a new corporate form called a “benefit corporation” (not to be confused with a “Certified B Corporation”) when Governor Martin O’Malley signed into law, Senate Bill 690, which allows corporations to pursue socially responsible purposes in addition to profits. As Andrea Cohen, Public Policy […]
Tweets of the Week – 4/9/10
Here are some of my favorite posts of the week: GTak: The number of charities and private foundations increased by 4.3 percent from 2008 to 2009 (total of > 1.2 million) – Chron of Phil 3/25 GTak: Foundations not embracing PRI: Median amount for program-related investments fell from $898,000 in 2008 to $479,000 in 2009 […]
Tweets of the Week – 3/26/10
Here are some of my favorite posts of the week: GTak: Six Important Facts about Tax-Exempt Organizations – http://is.gd/b0Jnu – IRS Tax Tip 2010-59 GTak: Charity care rules under health reform law will look familiar to Illinois hospitals – http://is.gd/aXVUs GTak: Minnesota Attorney General sues California nonprofit w/out 501(c)(3) status (Dream Scholars Foundation) – http://is.gd/aXSho […]