Morrison & Foerster advised The Change.org Charitable Foundation in connection with a series of transactions that led to the Change.org Foundation becoming the sole stockholder of Change.org. Change.org's transition to 100% nonprofit ownership establishes it as the world’s largest nonprofit-owned tech platform for social change.
Over the past decade, more than 450 million people have come to rely on Change.org as a platform to raise their voice on issues they care about. The new nonprofit ownership and governance structure secures the long-term stewardship of Change.org as a digital public utility committed to public interest, and positions Change.org for its next phase of growth: from a single product company focused on petitions to a civic infrastructure platform that empowers people to build healthier, more participatory and responsive democratic societies.
The MoFo team was led by San Francisco corporate partner Suz Mac Cormac and associate Harry Stanwyck. The wider team included San Francisco tax partner Bernie Pistillo, of counsel Joy MacIntyre, and associate Lauren Keller, New York tax of counsel Rebecca Balinskas, and Berlin tax partner Jens-Uwe Hinder and associate Jenny Broekmann; San Francisco employment of counsel Lloyd Aubry; San Francisco executive compensation partner Amanda Hines Gold; San Francisco corporate partner Michael O’Bryan; and San Francisco litigation partner Robert May.
MoFo partnered in representing the Foundation with Adler & Colvin and R. Todd Johnson, the former Jones Day partner who led the team representing the Foundation and effecting the transaction.