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Attorney General Regulation of Hybrid Entities as Charitable Trusts

Wexler, Robert A.

In which situations must, should or may state Attorneys General regulate the affairs of for- profit hybrid legal entities on the theory that they hold some or all of their assets in charitable trust? There is a movement afoot in the United States and around the globe – the social enterprise movement. Social enterprises are, generally speaking, organizations that generate revenues and also seek to benefit society in some way. According to the Social Enterprise Alliance, “[s]ocial enterprises are businesses whose primary purpose is the common good. They use the methods and disciplines of business and the power of the marketplace to advance their social, environmental and human justice agendas.” Some social enterprises are set up within the framework of a nonprofit corporation, but more and more for-profit corporations are being established to mix mission and profit.

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Notes

Other papers from the same panel are available in Academic Commons.

"Regulating Social Enterprise" by Dana Brakman Reiser - http://dx.doi.org/10.7916/D8TM7830
"Hybrid Enterprises and the Application of State Charitable Regulatory Principles as a Guide Toward an Effective Regulatory Framework" by Elizabeth Grant - http://dx.doi.org/10.7916/D8SN06X9
"Crashing The Party: A State Regulator’s Observations and Suggestions Regarding The Near-Term Supervision of The Simultaneous Pursuit of Margin And Mission..." by David Edward Spenard - http://dx.doi.org/10.7916/D8RN35TC

Access all papers from the 2013 Charities Regulation and Oversight Project Policy Conference in Academic Commons
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