Page 5 of 5

How To Save Newspapers

June 18, 2009 / old jg

Thanks again to the eternally vigilant insomniac of the social enterprise movement, Stacy Caldwell, for connecting me to this article on the L3C movement (

Sally Duros: How To Save Newspapers (Huffington Post)

http://digg.com/d1uFoZ?t

Chicago’s newspapers could find a lifeline to solvency and a return to social purpose in a new kind of business structure called an L3C, or low-profit limited liability company.
Why is that?

Find this interesting? It is clipped below. Also, a mountain of additional resources are here:

http://www.americansforcommunitydevelopment.org/links.html

Social Enterprise 2.0: The Low-Profit Limited Liability Company (L3C)???

June 18, 2009 / old jg

Thanks to Stacy Caldwell for connecting me to the fascinating concept of the Low-Profit Limited Liability Company (L3C). Stacy is a Social Entrepreneur/Cultural Anthropologist/Blogger who leads the Dallas Social Venture Partners in addition to being the inspiration behind my Two-Word Strategic Plan.

And, of course, thanks to Robert Lang of the Mary Elizabeth & Gordon B. Mannweiler Foundation for creating the concept of the L3C in the first place!

Best article I have read about this is here:

"The L#C: A New Tool for Social Enterprise"

http://tinyurl.com/bwbg3p

Another good one here:

"The L3C: A More Creative Capitalism – Social Enterprise, L3C, Americans for Community Development"

http://bit.ly/93zSp

A slightly touger read here, but full of lots of good info:

Americans for Community Development

http://www.americansforcommunitydevelopment.org/about.html

—-

Key points:

L3Cs are for-profit entities organized to engage in socially beneficial activities
The structure is already in place to open such a firm in Vermont, and more states are following suit.
This would create a vehicle for engaging the "sacred 95%" — the corpus of a private foundation that is otherwise locked away from charitable purposes — through PRIs (Program Related Investments).
Example L3Cs: carbon trading, alternative energy, food bank processing, social services, social benefit consulting and media, arts funding, job creation programs, economic development, housing for low income and aging populations, medical facilities, environmental remediation, and medical research.

It's easy to be impressed by the innovative approach, but do not dismiss this new proposal as simply a novelty that will fade away. I am very optimistic that the proponents of L3Cs have tapped into something that will experience rapid adoption once its initial roll-out phase is complete. By the end of 2010, I think we'll see some work coming out of the L3C movement that will make us ask ourselves, "Why did it take us nearly 100 years to find an alternative to the 501(c)(3) institution?"

As one of the aforementioned articles states:

"The L3C is still in “proof of concept” form, but will be put to the test this year. Because the first L3Cs were formed in 2008, this means 2009 will be the first year that the concept will be tested with the IRS. Hopefully, the IRS will readily accept Foundation investments in L3Cs as valid PRIs. Steve Gunderson, CEO of the Council on Foundations, which supports the L3C approach says “we’re optimistic” that the IRS will also support this approach to PRI investing."

Strap on your helmets, boys and girls. The social sector is speeding up!

The First Adopters (“List of Change” blogs)

June 17, 2009 / old jg

Per my previous post, here are the current members of the List of Change (ranked by their “score,” a composite figure based on the aggregate of their Teechnorati rank, Technorati Inbound Links, Bloglines subscriptions, Alexa rank, Google Pagerank and Yahoo Inbound Links):

Over 160 Bloggers on the List of Change

June 17, 2009 / old jg

Thanks to CRT/tanaka‘s Geoff Livingston for having
the vision to create the List of Change… and more importantly, the talent to
execute it as a first-class affair. I am very impressed by the names on the
list, but also really appreciate the way that the list aggregates the various
“scores” that demonstrate the reach/impact of a blog.

Metrics for social
change. Imagine that!?!

See the list
here:

http://www.livingstonbuzz.com/listofchange/

My old blog is on it
here, and I’ve submitted this new one.
Please consider adding yours today here.

And consider
subscribing to these blogs so that we can increase their influence. Imagine the
impact of the blogosphere over the coming decade in matters of social
change:

Disseminating the
best thoughts to those who can execute on them,
Challenging the
social sector to lifts its game to the next level in terms of reach and
impact
Inspiring
philanthropy in the hearts of our neighbors,
Catalyzing change
agents who struggle under oppressive regimes (i.e. the influence of Western
blogs and social media on the Iranian riots is
undeniable)

Rally the troops, my
friends. The revolution is underway.

Megacommunity Thinking

June 15, 2009 / old jg

Thanks to Stacy Caldwell at Dallas Social Venture Partners for connecting me to the Megacommunity Movement:

http://megacommunities.com/

From the site:

The megacommunity recognizes the necessity (and power) of business, government, and civil society working together on global issues.

A megacommunity is a new approach to solving problems which span business, government and the communities in which we live.

A megacommunity is:

the space in which complex problems exist, and are addressed
an collaborative environment where leaders interact according to their common interests, while maintaining their unique priorities
a lens through which we can examine a complex problem in a new way
determined by the existence of tri-sector engagement and an overlap in common interest

A megacommunity is not:

another form of public-private partnerships
another name for corporate social responsibility or philanthropy
another variation on conflict resolution
another international/intergovernmental forum
a really big community of interest
a collection of like-minded actors

The objective for each organization operating in a megacommunity is achieved by optimizing its interests instead of maximizing, all participants gain. Best of all, operating in a megacommunity is not a zero-sum game

The Critical Elements of a Megacommunity
There are five critical elements. The first two, tri-sector engagement and an overlap of vital interests, can be thought of as preconditions.

Tri-Sector Engagement must be present in any megacommunity; the noticeable difference between megacommunities and other public-private partnerships is the civil society component, and the ‘open nature’ of the engagement – specifically, not focusing on just the elements the parties can agree on to tackle together, but also those areas that they may not have common ground to work in tandem
Overlapping in Vital Interests describes the aspects of any particular issue of which all members have an individual interest – hence necessitating their involvement in the megacommunity

The other three elements, convergence, structure, and adaptability, are critical features of the megacommunity design. An initiative that takes them into account has a far greater chance of success than an initiative that ignores them.

Convergence is the commitment to mutual action that all members must work toward; no member can exist in a megacommunity with the intent to disrupt or undermine the effort
Structure describes the set of protocols and organizing principles that must exist to allow for converged commitment on the overlapping vital interests – this structure resembles a scale-free network
Adaptability is necessary for the megacommunity to function effectively and make progress on the issue itself, and on the individual interests of the participants – adaptability allows the network to be scalable and flexible

Jeremy Gregg

Page 5 of 5

Photo Credit: