L3Cs: A Cure in Search of a Disease
Most social problems now addressed by charities cannot be appropriately addressed by for-profit entities, whether or not those entities pledge to restrict or recycle their profits.
New legal structure that enables businesses to place social mission ahead of profits
Most social problems now addressed by charities cannot be appropriately addressed by for-profit entities, whether or not those entities pledge to restrict or recycle their profits.
Although new corporate forms like B Corps make it easier to pursue a social mission, it turns out that you don't need one to do so.
→ This form is for US/Canada subscribers. Are you an international subscriber?
Click here instead.
Subscribers get premium online access (articles with a key) including 9-year archive, downloadable digital edition, quarterly print issues (optional).
The notion of L3Cs is that they’re a vehicle for doing well by doing good and therefore an improvement over the typical nonprofit structure.
Building blocks for bringing open source principles to philanthropy.