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A Radical Route To Funding Urban Revitalization: Profitable Philanthropy Through Limited Liability Companies And A Market-Based Return On Investments, Roger M. Groves
A Radical Route To Funding Urban Revitalization: Profitable Philanthropy Through Limited Liability Companies And A Market-Based Return On Investments, Roger M. Groves
Roger M. Groves
This article provides an incentive-laden model for increasing equity investments into urban communities. As stated in the article: “The issue posed in this article is simple. Why should we restrict the return on investment of those we beg to invest in charitable causes? The answer is far more complicated.” This involves the creative use of limited liability companies as joint venture vehicles between private foundations and for-profit entities and individuals. Specific amendments to existing regulations are also crafted. From research to date, there is no scholarly publication that uses such a model to suggest nonprofit organizations should have the ability …