Introduction
Family offices are using impact investing strategies and venture philanthropy to make a lasting difference in the world. Unlike traditional investments, impact investments are designed to generate positive, measurable social and environmental impacts alongside financial returns. Venture philanthropy is
As everyone in the college sports world should now know, college athletes can now be paid for their name, image and likeness (“NIL”). The Supreme Court said so when they ruled against the NCAA in 2021, and forced them to
With the early signing period now open for college football, there is no question that NIL money is having a major impact on college recruiting. Coaches are being forced to address NIL issues with recruits despite NCAA guidance that says
On October 26, 2022, the NCAA’s Division I Board of Directors unanimously voted to clarify how schools and collectives can be involved with the name, image and likeness (NIL) activities of enrolled student-athletes. The Board found it necessary to provide
Illinois Governor, JB Pritzker, signed into law Senate Bill 2338, effective on July 1, 2021, which allows student athletes to be compensated for the use of their name, image, likeness, or voice (NIL). The Student-Athlete Endorsement Rights Act (the
The Tax Cuts and Jobs Act (“TCJA”) that was signed into law in 2017, made forming a company and making an appropriate tax election a challenging decision, and the election results have made it even harder. While it looks like
For the past several years, Family Offices have increased their appetite for direct investments and co-investments with other Family Offices and private equity funds. On February 21, 2020, Forbes reported that going direct was an “undeniable trend” and focused on
Today, the SBA provided some additional guidance on the certification issues related to Paycheck Protection Loans. In order to get a loan in the first place Borrowers were required to certify that “[c]urrent economic uncertainty makes this loan request necessary
As businesses scrambled to get a loan under the Paycheck Protection Program (“PPP”) that was created under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), they must now decide how to use those proceeds so that they are
On Friday, March 20, 2020, JB Pritzker, Governor of Illinois, acting pursuant to the Illinois Emergency Management Agency Act, issued Executive Order 2020-10 (the “Order”), requiring all Illinois residents to stay at home, except as may be permitted under the