Consultation on Establishing a Nonprofit in the U.S.
Assist a non-profit incubating social enterprises in India by advising on considerations when establishing a non-profit in the U.S.
Referred by:
Villgro Innovations Foundation (“Villgro”) is a nonprofit organization incubating innovation-based for-profit social enterprises in India working in agriculture, health, climate action and gender. One of their primary goals is to help facilitate greater access to capital for these innovators. However, as a non-profit in India, they are limited in their ability to operate and mobilize capital outside of the country, and there isn’t much flexibility to work in financing. After much consideration, they have decided it is in their best interest to establish a nonprofit/charity and/or hybrid entity in the United States or the UK. They are seeking a comprehensive consultation in the U.S. to discuss issues including: (i) what structure best fits their needs; (ii) registration requirements; (iii) whether this type of entity will allow them flexibility to deploy financial instruments (e.g., convertible notes); and (iv) any major administrative burdens they should consider (e.g., conflict of interest considerations). It would be helpful (although it is not necessary) if the firm also has a presence in the UK. The Villgro team would like to have a related consultation in the UK, to ultimately determine which jurisdiction is a better fit for the organization and their future plans.