Claremont Colleges Scholarship @ Claremont CMC Senior Theses CMC Student Scholarship 2017 Taking Good Works to the Next Level: Increasing Investment in and Support for Higher-Risk Innovation Jessie Capper Claremont McKenna College Recommended Citation Capper, Jessie, "Taking Good Works to the Next Level: Increasing Investment in and Support for Higher-Risk Innovation" (2017). CMC Senior Theses. 1576. http://scholarship.claremont.edu/cmc_theses/1576 This Open Access Senior Thesis is brought to you by Scholarship@Claremont. It has been accepted for inclusion in this collection by an authorized administrator. For more information, please contact
[email protected]. CLAREMONT McKENNA COLLEGE Taking Good Works to the Next Level: Increasing Investment in and Support for Higher-Risk Innovation SUBMITTED TO Professor William Ascher BY Jessie Capper for SENIOR THESIS Fall 2016/Spring 2017 April 24, 2017 2 Abstract This thesis explores the possible avenues available to corporations and capital-managing entities seeking to increase their commitment to good works. These organizations have the potential to fill the gap in societal needs by supporting and investing in good works, including environmental protection and highly-innovative energy technologies, beyond the traditional corporate social responsibility (CSR) norm. These means include charitable giving, working with disadvantaged communities, corporate assistance to environmental or other social non-governmental organizations, and more. This thesis discusses the advantages and limitations of various corporate structures (C Corporations, S Corporations, LLCs, B Corps, L3Cs, and benefit corporations) and capital-managing organizations (mutual funds, foundations, and pension funds). Recommendations are provided for each to encourage good works with greater impact. 3 Table of Contents ACKNOWLEDGEMENTS ..........................................................................................................