- by Jack Howard Ackerman, Expansion Director, First Miami Student & Alumni Federal Credit Union, Oxford, Ohio; Published September, 2015
The first step is recognition of the potential for the creation of products which should become part of the mainstream of investing and the recognition of their role in creating a better society.
- by Robert Lang, Founder of Americans for Community Development and Michael Martin, Partner, Martin & Stillwell LLP. Published April, 2015
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.
This paper outlines an entirely different way to get a significant portion of the capital needed while providing a charitable deduction.
- by Robert Lang, Founder of Americans For Community Development, September, 2013, Updated 2/2017
- by Michael J. Zimmer, Executive in Residence, Ohio University, Voinovich School of Leadership & Public Affairs. Michael Zimmer is chair of the ACD Sustaintable & Alternative Energy Working Group. Published March, 2013.
- by Michael J. Zimmer, Executive in Residence, Ohio University, Voinovich School of Leadership & Public Affairs. Michael Zimmer is chair of the ACD Sustaintable & Alternative Energy Working Group. Published September, 2012.
- by Michael J. Zimmer, Executive in Residence, Ohio University, Voinovich School of Leadership & Public Affairs. Michael Zimmer is chair of the ACD Sustaintable & Alternative Energy Working Group. Published July, 2012.
“The L3C may become an important vehicle for transitioning new business models for colleges and universities. Many universities are trapped seeking to provide economic development, community assistance, technology transfer, incubator development for new companies, and new job banks for the community and recent graduates. Bureaucracy, mission focus and funding constraints make the educational mission a challenge in these areas of service.”
- by Robert Lang, Americans For Community Development
Provides a detailed overview of the L3C - PowerPoint
- by InterSector Partners, L3C
Published Fall, 2012
- by Ericka Harney, May, 2012 – PowerPoint
- by Roxanne Phen and Robert Lang of Americans For Community Development, May 2012
- by Cassady V. Brewer, Partner, Morris Manning & Martin LLP, October 2009
A presentation made at The foundationn Center – PowerPoint
- by Stacey Corriveau, Director, British Columbia Centre for Social Enterprise formerly Fraser Valley Centre for Social Enterprise
- by Maximilian Martin, 2011
Philanthropy is currently undergoing four revolutions in parallel. This paper identifies and analyzes the four main fault lines which will influence the next decades of global philanthropy. All are related to what we can refer to as the market revolution in global philanthropy. As global philanthropy moves beyond grantmaking, into investment approaches that produce a social as well as a financial return, this accelerates the mainstreaming of a variety of niche activities. They marry effectiveness, social impact, and market mechanisms.
- by Stephen Lloyd, Senior Partner at Bates Wells & Braithwaite London LLP in London, England
What is the SELLP? By one of the authors of the SELLP law.
- by Nathan F. Harris, Drew P. Murray, John C. Burkhardt
This report, Navigating the New World of Social Impact Investing, examines the recent philanthropic innovation of mission-related investments (MRIs) and specifically low-profit limited liability companies (L3Cs).
- by Roxanne Phen
Very comprehensive independent analysis of the L3C
- by Elizabeth Carrott Minnigh, Esq. of Buchanan Ingersoll & Rooney PC
- The Task Force recommends enactment of L3C legislation in Arkansas.
- by Michael D. Martin of Martin & Stillwell, LLP, June 2010 - PowerPoint Presentation, June 2010
- by Nancy I. Clement, The Burton D. Morgan Center for Entrepreneurship, Purdue University; Robert M. Lang, Jr., CEO, Mary Elizabeth & Gordon B. Mannweiler Foundation, Inc.; and
Udaiyan Jatar, CEO, Blue Earth Network, published by Journal of Small Business and Entrepreneurship 23, June 2010
This paper describes the exploration of the L3C for use with university intellectual property.
- by Evelyn Brody and John Tyler, published by the Chicago-Kent Law Review, Volume 85, Number 2, 2010 titled Symposium on the Law of Philanthropy in the Twenty-First Century, Part I. John Tyler is a Working Group chair for ACD.
- by Michael Zimmer and Jennifer Rohleder for BNA, Inc. Real Estate Law and Industry Report, August 2010
Michael Zimmer is Chair of the Sustainable & Alternative Energy Working Group for ACD
- by Elizabeth Schmidt, Vermont Law School Legal Studies Research Paper, August, 2010
Article examines the experiences of the early adopters of the L3C business form.
- by Caryn Capriccioso and Rick Zwetsch, principal partners in interSector L3C and Erin Shaver a freelance writer, May 2010.
- by Susan A. Maslow and Timothy White of Antheil Maslow & MacMinn, LLP for New Jersey Lawyer magazine, April 2010
- Submitted to the IRS on March 3, 2010 - "We believe that, if a particular loan to, or investment in, an ordinary LLC would qualify as a PRI, then, a fortiori, a loan to, or investment in, an L3C should also so qualify."
- by Marcus Owens and John Tyler for the Community Dividend a publication of the Federal Reserve Bank of Minneapolis. November 2009
- Please note that the Council supports our Philanthropic Facilitation Act of 2010 which accomplishes the goals outlined under their heading Program-Related Investments (PRIs) Promotion Act, listed under Other Legislative Issues.
- by Carol Coren and Robert M. Lang for Bridges a publication of the Federal Reserve Bank of St. Louis, Winter 2010
- by Sue Woodrow and Steve Davis for The Community Dividend, a publication by the Federal Reserve Bank of Minneapolis, November 2009.
- Washington DC for the Tax Management Estates, Gifts and Trusts Journal, September 2009
- by Jim Witkin, January 2009.
- UBS Philanthropy Services, 2008 – See page 54 for their discussion on the L3C and CIC
- by Joyce Tsai, Dallas Business Journal, October 2008
- by Chris Larson for the American Chemical Society, October, 2008
- In this March, 2008 article published by the Chronicle of Philanthropy, the L3C is featured as a new business-charity hybrid.
- Paper by Dr. Maximilian Martin, Executive Director, Global Head Philanthropy Services UBS and Arthur Wood, Social Financial Services, Ashoka. This paper lists the L3C as one of the two most promising world wide concepts for bringing more money into the social capital market place. June, 2007
- In a January 2007 report published by the Nonprofit Sector Research Fund, author Thomas Billitteri discusses the need for a new legal entity for social enterprise (see p.13).
- Robert Lang of the Mannweiler Foundation anad Marcus Owens of Caplin & Drysdale made a presentation at the UBS Philanthropy Forum in Lisbon, Portugal, July 2007. This is a supporting document.
- Brian Dunn of Acquillian Investments has written a very provocative paper on Modern Portfolio Theory - The Efficient Frontier in 3D. It provides an underlying philosophical basis for the L3C.
Building a Social Media Strategy for an L3C
- Ambassador John Simon, Total Impact Investors – Impact Investing, Potential Tool for Development
- Irene Serot Almeras, Embassy of France in the US – Sanitation as a Business
- Michael Martin, Martin & Stillwell – Donor Advised Funds and The L3C
- Peggy Grimes, President, Endless Sky L3C – The L3C As An Engine for Economic Development
- Lindsay Baghramyan, Johnson Memorial Medical Center – Hospitals, Community Benefit and the L3C
- Michael Zimmer, Thompson Hine LLP – Financing Sustainable Communities
- Cass Brewer, Assistant Professor, Georgia State University, College of Law – L3C Prototype Multi-Member Operating Agreement
- Cass Brewer, Assistant Professor, Georgia State University, College of Law – L3C Prototype Multi-Member Articles of Organization