Senator Ramon Luis Nieves and the Commonwealth of Puerto Rico Passes Law 233-2015 – L3Cs Now a Legal EntityPress Release:
Americans for Community Development congratulates Senator Ramón Luis Nieves and the Commonwealth of Puerto Rico on passage of Law 233-2015 adding Puerto Rico to the legal entities within the United States authorized to organize businesses as L3Cs. We know the last year has presented Puerto Rico with some unique challenges and we hope individuals and organizations in Puerto Rico will be able to use the tools contained in this bill to relieve some of the issues and help move Puerto Rico and its residents forward.
Anyone wishing more information on the power of the L3C should consult our website http://americansforcommunitydevelopment.org/ for more information.
Contact: Janice Lang, 914-248-8443
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Jack Howard Ackerman has a new concept for the field of social impact investing. He believes the first step is recognition of the potential for the creation of products which should become part of the maintream of investing and the recognition of their role in creating a better society.
The use of for profit entities financed by both nonprofit and for-profit dollars provide a nongovernmental free enterprise way to solve many social issues while adding to the wealth of the populace rather than depleting government funds and herald a bright future.
Check under Resources for all the papers on the L3C that are available.
These are the most recent papers relevant to the L3C that we have. If you have any you wish to submit for inclusion, please send the information including HTML links to firstname.lastname@example.org
Senators Cory Gardner (R-CO) & Gary Peters (D-MI) introduced on November 19th the Philanthropic Facilitation Act (PFA). This legislation reforms the approval process for charitable investments so philanthropic organizations can more easily invest in community improvement & job creation, boosting economic growth in both rural & urban areas.
Endless Sky L3C http://endlessskyl3c.org/ – See what Endless Sky is up to.
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