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Copyright (c) 2017 New York University Review of Law &
Social Change
New York University Review of Law & Social Change

ARTICLE: TOWARD AN IMPROVED LEGAL FORM FOR SOCIAL ENTERPRISE

2012

New York University Review of Law & Social Change

36 N.Y.U. Rev. L. & Soc. Change 283

Author

Keren G. Raz+

Excerpt



I.
Introduction
 
In 2007, Hannah Davis, a high-school senior in the United States, co-founded the Ghana Literacy Project, an after-school literacy program for young women in a Ghanaian village. 1 The project had a fiscal sponsorship arrangement with a non-profit organization 2 and was, until recently, a classic example of a charitable organization, raising money from donors to support after-school educational programming. Now, however, the Ghana Literacy Project has evolved into something new: a social enterprise.

A social enterprise is an organization or venture that advances a social mission through entrepreneurial, earned-income strategies. 3 In its transformation to a social enterprise, The Ghana Literacy Project expanded its mission from literacy to rural development and adopted two new revenue-generating programs, proposed by Ghanaian teachers, in order to wean the organization off of its reliance on Davis's fundraising. 4 The first program established an environmentally friendly pay-per-use public toilet. 5 The second program established the village's first Internet cafe, run by, and for, the participants in the after-school program. 6 These business ventures not only generate revenue for the literacy program but also serve as the core method by which the organization accomplishes its larger mission of rural development. 7 The Ghana Literacy Project changed its name to the Ghana Sustainable Aid Project to reflect its evolution from a traditional charitable program into a social enterprise. 8

The Ghana Sustainable Aid Project is not alone. Other social enterprises include the Acumen Fund, an organization that provides support and capital to entrepreneurs ...
 
 
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