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Nutter's Nonprofit and Social Impact Practice Group Sets Its Sights on Achieving Maximum Social ChangeAs new challenges and opportunities emerge in the 21st century, nonprofit and for-profit entities are increasingly working together to address complex social challenges and make communities stronger, according to expert panelists at Inspiring Collaborations: How Nonprofits and For-Profits Partner to Drive Success, hosted by Nutter's Nonprofit and Social Impact practice group. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171113006062/en/ From left to right: Melissa Sampson McMorrow, chair of Nutter's Tax Department and co-chair of the Nonprofit and Social Impact practice group, Paul J. Ayoub, Nutter partner and immediate past chair of the national board of directors of ALSAC, the fundraising and awareness organization for St. Jude Children's Research Hospital, Joshua J. Mintz, Vice President, General Counsel and Secretary for the MacArthur Foundation, Sandra A. Urie, Chairman Emeritus of Cambridge Associates, David A. Levin, President and Chief Executive Officer of Destination XL Group, Inc., Richard C. Shadyac Jr., President and Chief Executive Officer of ALSAC, the fundraising and awareness organization for St. Jude Children's Research Hospital, Julia Satti Cosentino, partner in the Nutter's Private Client Department and co-chair of the Nonprofit and Social Impact practice group (Photo: Business Wire). The panelists noted that impact investing has gained significant prominence throughout the country and investment vehicles are expanding dramatically. They also acknowledged that while it often takes commitment and courage from senior leadership to embrace charity, the rewards for all involved can be significant. "Venture philanthropy, corporate social responsibility, and double bottom line considerations are increasingly becoming an integral part of the conversation for all of us involved in nonprofit and for-profit organizations in our community," said Paul J. Ayoub, a Nutter partner and immediate past chair of the national board of directors of ALSAC, the fundraising and awareness organization for St. Jude Children's Research Hospital, who moderated the panel. "Nutter is pleased to be a catalyst for this energized and powerful conversation, especially given that it is aligned with our core values as a firm." Panelists included Richard C. Shadyac Jr., President and Chief Executive Officer, ALSAC, the fundraising and awareness organization for St. Jude Children's Research Hospital; Sandra Urie, Chairman Emeritus, Cambridge Associates; David Levin, President and Chief Executive Officer, Destination XL Group, Inc.; and Joshua J. Mintz, Vice President, General Counsel and Secretary, MacArthur Foundation. While there's a strong appetite for collaboration between businesses and nonprofit organizations, challenges remain. The panel identified the following points of interest to achieve maximum collaboration:
Inspiring Collaborations was sponsored by Nutter's Nonprofit and Social Impact practice group, which provides a wide range of services to both nonprofit organizations and individuals and businesses who contribute to such organizations. Julia Satti Cosentino and Melissa Sampson McMorrow lead the group, which provides legal counsel to educational, healthcare and cultural institutions, as well as donor advised funds, corporate and family foundations, and generations of philanthropic families. The group's reach expands beyond charitable organizations to include trade associations, chambers of commerce, social welfare organizations, social clubs, and for-profit enterprises intent on developing or enhancing their philanthropic strategies. Inspiring Collaborations hosted board members and managers of large nonprofits; business influencers interested in issues of corporate governance; trade groups, particularly in the fields of health care, education, financial services, and nonprofits; family foundations; and general counsel to the above groups. Attendees actively engaged on Twitter (News - Alert) during the panel discussion using #ICollab17.
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