Finance/Fundraising

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Consultation (6) Contracts (3) Employment/Labor (5) Finance/Fundraising (2) Intellectual Property (4) Nonprofit Formation (3) Real Estate (1) Regulatory (2) Research (1) Tax Exempt/Nonprofit (4)

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Mary’s House for Older Adults

Guidance on Registering to Fundraise in Select States

Summary:

Assist a nonprofit supporting LGBTQ seniors by advising on the legal and regulatory requirements to consider when seeking contributors and donors in certain states.

Referred by:

Jurisdictions: MD; VA; CA; NJ; PA
About the Organization: Mary’s House for Older Adults is a DC based non-profit organization. Their mission is to create affordable housing for LGBTQ seniors; to provide social services to LGBTQ seniors through their Villages Program; and to advocate for LGBTQ seniors on both a local and national level.
Legal Entity Type: Nonprofit/Charity
SDG(s):Good Health and Well Being, Reduced Inequalities
Legal Issue(s):

The team at Mary’s House for Older Adults (MHFOA) plans to begin fundraising outside of DC. They plan to begin in the following states, where they have supporters, employees, and board members: MD; VA; CA; NJ; and PA. The Mary’s House team is seeking a consultation to discuss the legal and regulatory requirements to consider when seeking contributors and donors outside of DC. They would also like assistance registering to fundraise/solicit donations in the states identified above. If an attorney cannot assist with every state, the Mary’s House team would appreciate assistance in as many states as the attorney can accommodate.

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8B Education Investments

Advise on Best Structure for Joint De-Risking Pool of Capital

Summary:

Assist an organization working to connect African students with fair and flexible student loans by advising on the best structure for setting up a joint de-risking pool of capital.

Referred by:

Jurisdictions: U.S.
About the Organization: 8B Education Investments is a social impact organization that works to connect African students with fair and flexible student loans for studying abroad.
Legal Entity Type: For-profit
SDG(s):Partnerships to achieve the Goals, Quality Education, Reduced Inequalities
Legal Issue(s):

8B Finance is partnering with another VC-funded DE C Corp (Funding U) to increase the number of students of color in STEM classrooms. They are setting up a joint de-risking pool of capital. The entity will take in low interest loan capital and recoverable grant capital.

8B and Funding U are considering partnering with a non-profit to manage the pool of funds, which would allocate it to them as needed (for a fee). Alternatively, the 8B team would like to understand if a joint impact fund could be managed as an SPV without the presence of a non-profit. If so, what form should this SPV take, and how should it be structured. Ideally, the 8B team would appreciate assistance comparing and contrasting the two approaches (if the second is possible) and understanding any relevant tax implications.

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