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Tax-Exempt Organizations and Impact Investing

The world of impact investing and social enterprise is more than just the administration of nonprofit organizations. It’s about pursuing profitable investment opportunities while making a social, educational, or environmental difference in a community.

Jaffe’s Tax-Exempt Organizations and Impact Investing practice group provides skillful advice and strategic guidance to tax-exempt organizations of all types, from large corporate foundations to community organizations to chambers of commerce, social clubs, and emerging charitable entities. Our practice has earned national recognition for leading the sector in supporting philanthropic organizations, family offices, investment funds, individual investors, and social entrepreneurs in their quest to catalyze social and environmental impact alongside financial returns. Our team is comprised of attorneys with nonprofit management training, coupled with broad business, securities, and nonprofit law and governance acumen. This unique blend of training and expertise places your enterprise in the best hands from its inception. We pride ourselves on constructing innovative solutions for each of our clients’ needs to ensure that resources are used efficiently and opportunities are maximized for the benefit of both the community and the investor.

Dedicated to both the sector and to our community, Jaffe helped found the Detroit chapter of the Social Enterprise Alliance and continues to be a leader in the development of Michigan’s impact investing and social enterprise ecosystem. Our attorneys engage prominently in the community as educators, guest speakers at community and business events, and important advisors to government and national thought leaders.

Service Index

  • Creation of new Tax-Exempt Organizations, including “Friends Of” entities
  • Establishment of Impact Funds, including Opportunity Zone funds
  • Articles, bylaws, and governance consulting and documents
  • Lobbying
  • Due diligence compliance reviews
  • Program related investments
  • Mergers, acquisitions, and asset sales
  • Community Foundation affiliations, and dis-affiliations
  • Hybrid for-profit/nonprofit structure formation
  • Hybrid entity formation (L3C, benefit corporations, B-Corp certification)
  • Fiscal sponsorship
  • Joint ventures
  • Set-aside projects
  • Advising on foreign grants
  • Expenditure responsibility
  • Foundation and charitable funds investment management issues
  • Employment and compensation issues
  • Charitable solicitation registration
  • Interaction with the Michigan Office of the Attorney General

Tax-Exempt Organizations and Impact Investing

Tax-Exempt Organizations and Impact Investing

News & Representative Matters

November 14, 2019

22 Jaffe Attorneys Named as 2020 Top Lawyers by Dbusiness

SOUTHFIELD, MICH., November 14, 2019 – Jaffe Raitt Heuer & Weiss, P.C. CEO Jeffrey M. Weiss announced that 22 attorneys were recognized as 2020 Top Lawyers by DBusiness. The Top Lawyers list is compiled via a peer review survey, polling nearly 20,000 attorneys in Wayne, Oakland, Macomb, Washtenaw and Livingston counties. Each attorney was asked ...

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November 8, 2018

Jaffe’s Oertel named 2018 Who’s Who in Impact Investing by the Denver Business Journal

SOUTHFIELD, MICH. – In recognition of her commitment to professional excellence and her contribution to the impact investing movement, Jennifer Oertel, partner at Jaffe, was featured in the Denver Business Journal’s 2018 Who’s Who in Impact Investing special issue. Jaffe CEO Jeffrey Weiss made the announcement. Who’s Who in Impact Investing, sponsored by the Impact ...

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November 5, 2018

24 Jaffe Attorneys Recognized as Top Lawyers by DBusiness Magazine

SOUTHFIELD, MICH. – DBusiness magazine has selected 24 Jaffe attorneys in 21 practice areas as Top Lawyers for 2019. Jaffe CEO Jeffrey Weiss made the announcement. DBusiness’ annual Top Lawyer list is a comprehensive ranking of attorneys from across southeastern Michigan. The award is based on a peer-reviewed survey sent to attorneys from Livingston, Macomb, Oakland, ...

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Representative Matters

  • Outside legal counsel to the Council of Michigan Foundations, the Detroit Zoo, and the Detroit Symphony, among others
  • Gained IRS approval of a set-aside for private foundation in order to fund sports arena
  • Structured tandem, hybrid economic development umbrella organizations serving Southeast Michigan
  • Advised on structuring of business combination of related, major c3 and c6 organizations
  • Negotiated combination $500,000 grant and $750,000 Program Related Investment on behalf of social enterprise client
  • Structured co-funding amongst several of the nation’s largest foundations on a “big bets” project
  • Outside legal counsel to $100 million labor organization
  • Advise national Opportunity Zone funds