Say Hello to the L3C

Several states are on the verge of adopting a new type of low-profit entity, the L3C, that could be a new way for foundations to practice venture philanthropy. According to reports in The New York Times, The Wall Street Journal, The Economist and other media outlets, venture philanthropy is all the rage. Tell that to the estimated 95 percent of private foundations that don't engage in it. Most private

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