The thing that bugs me about that link Lars, is that there is this assumption that PRIs are hard for a foundation to do and that the IRS requires extensive paperwork, etc. Thats just not true, the IRS standards are clear and all extra work is just being created by Foundation bureaucracy. So I have to agree that absent federal law changes, or some leadership from the foundation community, the L3C in and of itself is probably more of a discussion starter than a solution.

However, the L3C would I think make it easier to explain to our customers what a hybrid model is.