The Nonprofit Quarterly | @npquarterly | To Be or Not To Be an L3C

The Nonprofit Quarterly | @npquarterly | To Be or Not To Be an L3C: "A half dozen states have authorized the creation of L3Cs, the latest being North Carolina. As many have acknowledged, the aim of L3Cs is to get a sort of blanket approval of eligibility for Program Related Investments (PRIs), which are loans and loan guarantees that foundations can make and that count toward foundations' required qualified distributions or payout. (Note: Foundations can invest from their corpus in for-profit companies through Market Related Investments or MRIs, but they don't count toward payout)."L3c