Friday, November 5, 2021 | 2:00 pm – 5:00 pm
Hal Glasser
Founder, Health Impact Partnership, Inc. and Counsel, Vital Strategies, Inc.
Samantha Heffner
Advisory Board Chair, IAVA
Angela Loc
Associate, DLA Piper LLP (US)
James Murray
Partner, ExSight Ventures
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Traditional shareholder-focused business enterprises and large philanthropic foundations have often been criticized for failing to solve, if not actually creating, many of the global “existential” threats faced today. Small and medium-sized social enterprises (SMSEs) that focus on the specific needs of their communities and customers are sometimes held out as providing alternative solutions. However, whether they are for-profit or non-profit, SMSEs often find it difficult to maintain financial sustainability and achieve their potential for social impact at scale.
This CLE program will explore several ways in which non-profit and for-profit SMSEs are increasingly looking to each other’s sectors for strategies that increase their chances of successfully addressing these challenges. The opening session will examine one such strategy: the use of non-profit and for-profit subsidiaries. Specific examples will be discussed that illustrate their potential uses and how the governance and legal/regulatory challenges that sometimes arise can be addressed. The second panel will focus on the ways in which social enterprises are pursuing improved financial sustainability. Various innovative approaches to social finance that straddle the two sectors will be examined. These include “blended finance”
where philanthropic and government funding are leveraged to increase access to private capital, venture philanthropy that uses venture capital strategies to fund enterprises pursuing social impact and “recoverable grants” or “soft loans” that share characteristics of both charitable grants and debt.The program will conclude with a “fireside chat” that brings together thought leaders from the legal community for a facilitated discussion on some of the big picture questions being asked about the future role of both traditional philanthropy and shareholder-focused capitalism and what role the law can and should play in producing workable solutions.
Three key skills you will learn:
- How and when to structure non-profit and for-profit subsidiaries/affiliates
- How to understand the benefits of “impact investing” and types of related investment vehicles
- Learn about future trends affecting philanthropy today from funder’s priorities, impacted stakeholders and legal scholars
Program Fee:
$199 for Members | $299 for Nonmembers
Small Law Firm: $99 for MembersMembers who are Law Students, Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2019-2021), In-House/Corporate Counsel, Judges, and attorney members who practice within the Government, Academic or Not-for-Profit sectors attend this program for free.
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Tom Brunner
Former General Counsel
LeapFrog InvestmentsProfessor Steven Dean
Brooklyn Law School (Moderator)Rusty Kelley, PhD, MBA
Senior Vice President, Investments & Alliances
Foundation Fighting Blindness, Retinal Degeneration FundBrian Kettenring
Director, Economy and Society Initiative
The William & Flora Hewlett FoundationPaul Mourning
Crowell & MoringJonathan Ng
Innovation Division Director (Acting)
Currently on detail from the Office of the General Counsel
U.S. Agency for International Development (USAID)Judy Samuelson
Founder and Executive Director
Aspen Institute Business and Society ProgramKatherine Stroker
General Counsel
FHI360 -
2:00pm – 2:05pm
Introduction2:05pm – 3:00pm
Creating For-Profit and Non-Profit Subsidiaries: Legal and Business Issues Surrounding Projects to Promote Social Good
Paul Mourning, Katherine Stroker3:00pm – 3:05pm
Break3:05pm – 4:00pm
Innovative Social Finance for Small and Medium-Sized For-Profit and Non-Profit Social Enterprises
Rusty Kelley, Jonathan Ng4:00pm – 4:05pm
Break4:00pm – 5:00pm
Fireside Chat: Toward A “New Capitalism”: Exploring New Paradigms for Capitalism and Philanthropy
Professor Steven Dean (Moderator), Tom Brunner, Brian Kettenring, Judy Samuelson -
New York: 3.0 Professional Practice
New Jersey: 3.3 General
California: 3.0 General
Pennsylvania: 2.5 General
Connecticut: Available to Licensed Attorneys -
Sponsoring Association Committees:
Non-Profit Organizations, Jackie Ewenstein and Amarah Sedreddine, Co-Chairs
Emerging Companies & Venture Capital, Angela D. Loc, ChairSponsorship Opportunities are Available! Please Contact:
Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org