Category: Benefit Corporation
Should Our Company Establish a Corporate Foundation?
When used strategically, corporate foundations can advance a company’s philanthropic goals. However, operating a corporate foundation comes with many legal obligations. A company’s social impact goals may often be achieved more effectively or efficiently through other strategies. Therefore, it’s critical to assess … read more
Incorporating Social Mission: Options for Social Entrepreneurs
In this day and age when the mainstream consumer is more and more socially conscious, an organization’s social mission is vital. To meet the expectations of a value-driven culture, how do companies securely protect their mission despite their fiduciary duty to investors? Familiar brands … read more
Incorporating Social Mission – Options for Social Entrepreneurs
Business with a purpose, triple bottom line, social enterprise, for-purpose business, social venture In this day and age, the mainstream consumer is increasingly socially conscious, thus an organization’s social mission is ever more vital. To meet the expectations of a value-driven culture, companies with … read more
IRS Says Benefit Corporations May Treat Payments to Charity as a Business Expense
The IRS just released Information Letter 2016-0063, confirming that a “benefit” corporation may deduct payments to charity as an ordinary business expense. This is newsworthy for two principal reasons. First, it confirms that payments made to a charity may be fully deductible … read more
