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Joe Boland
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These B corporations are social ventures that are, technically, for-profit entities, but they can be eligible for tax-exempt program investments for foundations, says Lane. They've allowed foundations to invest in income-generating program investments to drive their dollars further than simply handing out the 5 percent in grants they're required to by law. It's attractive to a foundation because it can basically recycle that invested money for socially beneficial purposes, becoming what Lane calls a financial multiplier. This allows the organization to become more self-sustainable.
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- Companies:
- American Red Cross
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Joe Boland
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