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[quote=Anonymous]It's true that Legacy Collective completely reorganized shortly after J and B filed for divorce. In October 2020 Brandon was removed from the board of directors and CEO position and quietly moved to the team of "advisors." By the end of the year, he was no longer part of LC--nor were his sister or her spouse.

During this time, LC brought it new leadership and reorganized to a new structure. Previously it was set up as a Donor Advised Fund under a separate 501(c)(3) tax-exempt organization, Pure Charity. In July 2021, Legacy Collective filed a new Certification of Formation so that LC could be established as an independent non-profit 501(c)(3). This allows LC to receive funding from a wider range of sources.  (Donor Advised Funds are limited in the ways they can receive funds; for example, you can't receive corporate matching gifts with DAFs.)  In Jen's own words from January 2022, "We’ve spent a year and a half re-structuring Legacy, and now with the best team, the best practices, and the best community, we are ready to scale beyond our wildest dreams."

Legacy Collective continues to use Pure Charity for their donation management. In January 2022, they announced that they "will continue to partner with Pure Charity for our donation management."  That could change in the future, since Legacy can now receive the donations directly under the new 501c3 structure.

If you go to the LC's website "About" page, the new bylaws and certificate of formation filed on July 13, 2021 are right there. All operations were moved under the new entity in January 2022.

This restructuring was clearly a top priority in the early days of the divorce.  Whether that was because it had been mismanaged is unknown, but certainly a DAF structure was not a great choice for an organization of its size or mission, so I can see why their new management team recommended the reorg. Yet with a management team of LCs size, it seems wasteful to continue to use Pure (they take 5% off the top of any donation) in addition to LC's own administrative cost structure. In 2021 about 28% of funds raised went to admin and marketing.  And some of the donations leave me scratching my head, like the one to Philanthropitch, the venture backed "Shark Tank" for new philanthropies....nothing wrong with it per se, but doesn't seem to fit the purported mission of LC. [/quote]

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