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Better Outcomes Happen When Business, Values and Mission Align

Social Impact

Better Outcomes Happen When Business, Values and Mission Align

Your business needs do not end with the bottom line.  More than ever, business owners, entrepreneurs, executives, investors and employees seek out opportunities that emphasize something greater than just financial objectives.  Why not expect the same from your law firm?  HMB attorneys are leading the way when it comes to the intersection of business and social impact.

Whether through traditional philanthropy and charitable giving or sophisticated investment and acquisition structures, our attorneys will lead you to the short-term results you need to achieve the long-term outcomes you value.

A New Lens, a Tried and True Service

You see things differently.  So do we – and we have the experience to back it up.  HMB was an early entrant into the field of social impact legal counsel leveraging a decades’ old practice counseling family offices, high net worth individuals, families and private foundations on their charitable and philanthropic giving.  If you are an impact investor, social entrepreneur or just focused on effective philanthropy, HMB fields a cross-disciplinary team with a special blend of skills, experience and perspective to ensure you are being advised by attorneys who understand your goals, your values and unique relationship between them.

Driving Impact

We have been here, and we have done that.  With the growth of social entrepreneurship and impact investing, we deploy the same high-octane, results-oriented approach that we bring to bear for our emerging company and venture capital clients to social enterprises and impact funds.  After all, when there is impact to be made, there no time to waste.

Areas of Focus

  • Corporate transactions: venture capital, growth and debt financing, mergers and acquisitions
  • Commercial negotiations and transactions
  • Incorporation and business entity formation
  • Corporate governance and shareholder engagement
  • Fund formation and deal counsel
  • Benefit corporations and public benefit limited liability companies
  • Special counsel matters and fiduciary counsel
  • Estate planning and asset protection
  • Executive compensation and employment matters
  • Family office planning
  • Charitable trusts
  • Gift structuring and gift agreements
  • Private foundation set-up and administration
  • Public charity set-up and administration
  • Tax exemption applications
  • Compliance counsel
  • Investment policy statements
  • ESG (environmental, social and governance) policies
  • Strategic partnerships
  • Opportunity zones
  • Tandem “hybrid” nonprofit/for-profit structures
  • Impact-first search funds
How Do You Define "Philanthropy"?May 20, 2014

For many Gen Y'ers (a/k/a Millennials, and generally understood to be people in their 20's and 30's today), philanthropy goes far beyond writing a check to one?s favorite public charity (or, even, texting a donation to the Red Cross following some natural disaster or another). Instead, philanthropy is now understood as a broader deployment of social capital with consideration of the Return on Investment (ROI) to be achieved through that deployment...

Client Success: CodaPet Expands into Kansas City as Part of Broader National ExpansionApril 12, 2023

HMB would like to congratulate CodaPet on its expansion into Kansas City, MO, and its surrounding cities. The startup empowers a network of veterinarians who offer families the opportunity to say goodbye to their pets in the comfort of their own homes.

Client Success: Aegon Asset Management and Avenue Capital Group Closes $50MM in Growth FinancingDecember 9, 2021

HMB congratulates clients Aegon Asset Management and Avenue Capital Group which recently announced the closing of a $50 Million growth financing round in Intellihot to advance innovative green technologies.

Client Success: HMB Congratulates Impact Investment Fund Beyond Capital Ventures on its Investment in Vieberg TechnologiesSeptember 1, 2021

Beyond Capital Ventures invests in next wave innovation addressing the growing needs of 1 billion+ consumers in India and East Africa. The firm first closed in Spring 2021 and will invest in conscious leaders building businesses to address growing needs in “need-to-have” sectors, primarily in healthcare, agriculture and financial inclusion. 

Ken Goldstein, Jim Plucinsky & Joe Tamburello present "Small Business Tax Considerations"-Chicago Bar Foundation Justice for Entrepreneurs Project-10/31/19October 30, 2019

10/31/19 Chicago, IL Ken Goldstein, Jim Plucinsky and Joe Tamburello present an in-depth discussion of the tax considerations for small businesses.  Attendees will learn detailed information regarding tax compliance requirements based upon the choice of entity as well as tax planning and savings strategies for single-member LLCs, multi-member LLCs, partnerships, S corporations and C Corporations. The CBF Justice Entrepreneurs Project…

Brian Axelrad, Social Impact Lawyer, Participates in the Chicago Council on Global Affairs Emerging Leaders ProgramJune 28, 2019

THE CHICAGO COUNCIL ON GLOBAL AFFAIRS The Chicago Council on Global Affairs is an independent, nonpartisan membership organization that provides insight – and influences the public discourse – on critical global issues. The Council on Global Affairs is committed to bringing clarity and offering solutions to issues that transcend borders and transform how people, business and governments engage the world.…

Brian Axelrad Participates in the "State of Innovation in East Africa Discussion and Workshop" hosted by the Global Innovation Exchange - 5/17/18June 1, 2018

Brian Axelrad and his team from Beyond Capital Fund participated in a discussion focused on innovation in East Africa hosted by the Global Innovation Exchange. Other participants were from Kenya Climate Innovation Center, Unreasonable East Africa, NetBizImpact, Innovations in Healthcare, VentureLift Africa, Moringa School and ANDE East Africa.…

Brian Axelrad Making an Impact with Students at Chicago Booth School of BusinessMay 9, 2018

As the Impact Investor in Residence through the Rustandy Center for Social Service Innovation at the Chicago Booth School of Business, Brian Axelrad works with, counsels and mentors students focused on impact investment and careers in the field. As part of these efforts, Brian coached teams of Booth MBA students who participated in two international, multi-business school competitions: the "Invest…

Brian Axelrad discusses "The Role of Social Impact in Africa's Development" at Chicago Booth School of Business Emerging Markets Summit - 4/14/18April 30, 2018

4/14/18 Emerging Markets Summit Chicago Booth School of Business Brian Axelrad participated in a panel at the "Emerging Markets Summit" at the Chicago Booth School of Business. This discussion focused on "The Role of Social Impact in Africa's Development" where attendees learned about the investing landscape and the future of social impact programs in Africa. The panel consisted of: Brian…

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