November 23, 2016Measuring, Reporting

Suz Mac Cormac speaks at Aspire Forum 2016

Earlier this year, Suz Mac Cormac spoke at Bloom Energy ASPIRE Forum 2016. The ASPIRE Forum brought together business leaders, policy makers, analysts and technology experts to discuss the latest developments in the evolving business, policy, and technology landscape and how we can drive to a lower carbon future that delivers power that is secure, ...›

November 22, 2016Funding/Financing

Social Impact Bonds: What’s in a Name?

Anna Pinedo recently co-authored “Social Impact Bonds: What’s in a Name?” for the Stanford Social Innovation Review. The article describes the potential of social impact bonds for the nonprofit sector and discusses why the financial instrument should be renamed and re-formed as a debt security known as an “impact security.” Read the full article. ...›

November 21, 2016Corporate Form

Finding the Right Legal Structure for UK Social Entrepreneurs

A team of London-based Morrison & Foerster attorneys assisted Thomson Reuters Foundation and UnLtd, the leading provider of support to social entrepreneurs in the UK, with developing the “UK Social Venture Structuring Guide.” The interactive guide was built to help social entrepreneurs in the UK determine the best legal structure for their social venture. Through ...›

October 28, 2016Resources

Turning the Page: How Kepler’s Books reinvented itself as a hybrid social enterprise

Partner Susan Mac Cormac was recently interviewed by the Stanford Social Innovation Review for her work setting up a hybrid social enterprise structure for beloved Bay Area bookstore, Kepler’s Books. Morrison and Foerster, along with other local business and community leaders, came together to launch “Kepler’s 2020,” an initiative to transform the independent bookstore into a next-generation community literary and cultural center. ...›

September 30, 2016Resources

Join us for Aligning Profits & Impact in High-growth Startups Event

On October 19, Morrison & Foerster will co-host “Aligning Profits & Impact in High-growth Startups” with impact.tech, a community group for techies who want to use technology for good. Partner Suz Mac Cormac joins Seth Bannon, co-founder of Fifty Years, a seed fund that backs entrepreneurs solving the world’s biggest problems with technologies, to discuss how ...›

September 27, 2016Corporate Form, Deal Structures

From “To B or Not To B”

1. A “B Corporation” is Not a New Corporate Form A “B Corporation” or “B Corp” is a certification mark – like a “Good Housekeeping” seal of approval or “LEED” certification.  B Labs has done a very good job of creating a framework for companies to evaluate their business and operations on ESG factors and to then receive a score or ranking.  ...›

September 20, 2016Corporate Form, Resources

Social Enterprise Legislation in the United States: An Overview

Traditionally, corporate decision-making has been driven by the singular goal of maximizing shareholder value.  Increasingly, however, businesses seek to pursue a social or environmental mission alongside profit.   Such so-called “social enterprises” may find that fiduciary duties associated with the traditional corporate form limit the corporation’s ability to achieve mission.  Accordingly, mission-oriented for-profit entities may consider ...›

September 13, 2016Deal Structures, Funding/Financing

Impact Investing: VCs Recognize Social Enterprises Can Outperform Traditional Start-Ups

The notion that a company should care about more than just making money started with corporate social responsibility over 50 years ago, but the trend has rapidly increased in recent years and has produced a multi-billion dollar impact investing market. Today, we have new corporate forms structured around an entity’s social mission, such as the ...›

September 6, 2016Funding/Financing

Green Bonds: A Growing Market in Sustainability

Green bonds are bonds whose proceeds are earmarked for environmentally friendly (green) projects. Despite the specific purpose green bonds were created for, they are a surprisingly flexible source of funding for organizations looking to finance green initiatives. Like ordinary bonds, green bonds can be structured multiple ways to fulfill the specific needs of both borrowers ...›

August 30, 2016Resources

Impact Investment Incubators and Accelerators: Engines for Growth?

As the impact investment sector continues to grow, it is important to understand and evaluate the role that impact-investment incubators and accelerators may play in driving value both for social entrepreneurs and impact investors. What services do incubators and accelerators provide to social enterprises? As with their counterparts in the traditional, for-profit space, social-impact incubators ...›