Apr 26, 2010

The L3C model and how it might benefit new news organizations

The Chicago Community Trust’s Community News Matters program and Community Media Workshop invite you to an informational session May 7 to discuss the L3C model and how it might benefit new news organizations looking for a more flexible method of organizing that differs both from standard business incorporation and 501c3 nonprofit status.

When: Friday, May 7; Coffee at 8:30; program from 9-10:30

Where: Room 401, 600 S. Michigan Ave. at Columbia College Chicago

We’ll discuss what an L3C is and why some new news journalists have been exploring it. Harborquest CEO John Plunkett, whose nonprofit helped initiate the enabling legislation that created L3Cs in the state of Illinois and was the first to use the new status, will talk about how to take advantage of L3C status and how it fits into the new wave of “social venture investing” in Chicago. Moderated by Workshop president Thom Clark.

Other panelists will discuss how new news outlets specifically can take advantage of both L3Cs and social investing.

We hope you’ll join us to find out more about the new L3C model.

This event is free but please RSVP by emailing Maggie Walker at maggie@newstips.org.

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One Response

  1. Nina Klooster says:
    April 27, 2010 at 10:09 am

    I hope to attend the L3C workshop.

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