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It's a low profit LLC specifically structured so that private foundations can invest in it and not have to go to the IRS for a letter ruling to approve this form of PRI (program related investment). This meeting moved the conversation forward. One new initiative that I got to hear about was the L3C proposed in North Carolina.
In total, Summit Outside raised nearly $100,000 for Ogden Valley and Weber County nonprofits, including the Weber School Foundation, Ogden Valley Land Trust, Weber Pathways, Weber County Fire Officers Association and The Nature Conservancy.
While governments, foundations, educators, and unions typically focus on job placements as key to improving people’s economic stability, they often overlook individuals who cannot commit to traditional employment schedules. Casey, Kauffman, and Walmart Foundations—supported a US viability assessment by 25 state and city workforce agencies.
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