White Papers

1. Opportunity Zone Funds L³Cs, PRIs & DAFs

– The keys to making sure Opportunity Zone investments help those who need them most. By Robert Lang, May, 2019

2. DAFs, PRIs, L³Cs – Tools of Social Impact Investing

– This paper outlines an entirely different way to get a significant portion of the capital needed for a social enterprise, while providing a charitable deduction. By Robert Lang and Michael D. Martin, July, 2015.

3. What is the L³C?

– A one page explanation. Revised March 2013

4. Explanation of the L³C

– An updated explanation of the L³C. By Robert Lang, February 17, 2014.

5. The L³C Explained

– PowerPoint explanation of the L³C. By Robert Lang, February, 2017

6. Shall We Dance – Donor Advised Funds, PRIs and The L³C

– “The L³C can be a valuable tool when the founders of an L³C are seeking investments in the form of Program Related Investments, or when founders want to lock in a charitable mission and have a set of investors who will support that mission.” By Michael Martin for Americans For Community Development, 2012.