September 6, 2017Corporate Form

When and How to “B” – Responsible B Corp Conversion

There continues to be a lot of press around B Corps—not surprising given the marketing expertise of the B Lab founding team and the staff that it has hired. More importantly, the B Corp movement has been embraced by an increasingly wide audience. It is no longer solely the purview of socially and progressively minded liberals, willing or able to sacrifice returns for positive impact. It is now employed by publicly traded ...›

Why a hybrid structure?

When people ask which impact investors inspire us, one team consistently rises to the top: Omidyar Network. Since its founding 14 years ago, Omidyar Network has led a small revolution in the impact investing and philanthropic community. Not only has it dedicated over $1 billion to initiatives working to solve some of the world’s greatest problems, it has redefined how the world thinks about capitalizing these initiatives. ...›

July 20, 2017Funding/Financing

Early Impact of Paris—More Private Sector Motivation

While we can’t predict the full effects of U.S. withdrawal from the Paris Agreement, or whether it will stick, Trump’s announcement has already galvanized cities, states, and institutions to magnify their commitments to mitigate climate change. As noted in our client alert, this creates momentum for subnational actors and private companies to step up and act on climate change. ...›

Innovative Fisheries
June 29, 2017Deal Structures, Funding/Financing

MoFo Impact Team Advises on Innovative Fisheries’ Conservation Transaction

The MoFo Impact Team recently advised the Martha’s Vineyard Fishermen’s Preservation Trust, a 501(c)(3) tax-exempt entity (MVFPT), with respect to a sustainable fisheries impact investment. With key guidance from the MoFo Impact Team on investment structure and mission preservation and assistance from Catch Together, a nonprofit program of Trust for Conservation Innovation focused on empowering ...›

June 26, 2017Deal Structures

A Brave New (Partnership Audit) World—Why You Should Care About the Proposed IRS Regulations

Social enterprises and impact investors will need to strongly consider their special tax and economic needs as audit planning takes center stage for all partnerships, most LLCs, and their respective partners and members when the thirty-five year old partnership audit regime meets its end on January 1, 2018. On Tuesday, June 13, 2017, the IRS issued proposed regulations implementing the new centralized partnership audit regime, which completely overhauls the longstanding partnership audit, assessment, and collection procedures. ...›

June 12, 2017Resources

Suz Mac Cormac Speaks on Sustainable Investing at Milken Global Conference

On May 1st, 2017, MoFo Impact’s Suz Mac Cormac moderated “Investing in Sustainable Development” with speakers Anne Finucane of Bank of America, Vicki Fuller of New York State Common Retirement Fund, Scott Minerd of Guggenheim Partners, Clifton Robbins of Blue Harbor Group, and Markus Voigt of AREAM Group. The session covered how investments, from public to private, can best mitigate long-term risk and meet ESG standards without sacrificing returns. ...›

April 25, 2017Funding/Financing

Doing Big Things: How 2017 Is Shaping Up to Be Another Transformative Year for Impact

Ten years ago, the term “impact investing” did not exist and the pursuit of “good” was mostly relegated to philanthropy. Today, investors who focus on more than immediate financial returns–and those who believe that balancing all sorts of impact (financial and otherwise) can yield long-term returns, again financial and otherwise–have entered the mainstream. In this ...›