The Low-Profit Limited Liability Company (L3C) is a hot topic in the nonprofit sector as it may change the way many social services are delivered. For community foundations, the L3C opens the door to whole new ways to solve problems and create opportunities in their communities while tapping into a wide variety of funding sources. Operating in the space between the nonprofit and for-profit sectors, this type of LLC can bring together a mix of foundations, trusts, endowments, pension plans, individuals, corporations, governmental entities and others in order to achieve social objectives while operating according to for-profit metrics. Just like any LLC, an L3C has the liability protection of a corporation and the flexibility of a partnership. It is uniquely designed to use Program Related Investments and utilize Donor Advised Funds.
This pre-conference event includes lunch and features the following expert speakers: Sanders Davies
, Senior Partner, PKF O’Connor Davies, LLP; Ericka Harney
, Assistant Director of Development, The Council of State Governments; Robert Lang
(moderator), L3C creator, founder of Americans for Community Development
, and CEO of the Mary Elizabeth & Gordon B. Mannweiler Foundation; Elizabeth Carrott Minnigh
, tax attorney, Buchanan Ingersoll & Rooney PC; Michael Moreland
, founder and managing director of SEEDR L3C; Roxanne Phen
, Human Capital Analyst, Deloitte Consulting, LLP; John Tyler
, Secretary and General Counsel, Ewing Marion Kauffman Foundation; and Rob Wexler
, Principal, law firm of Adler & Colvin.Download the flyer.