For-Benefit

For-Benefit

Describing a sector of the economy that is not opposed to making a profit but primarily exists for another purpose. A for-benefit company uses profit to promote efficiency but has statutory responsibilities beyond maximizing value for stockholders or owners.
References in periodicals archive ?
One year on from the signing in Davos of a Compact for Responsive and Responsible Business, a movement is under way among some global businesses to become for-benefit organizations, integrating social and environmental aims alongside delivering value to shareholders.
GAP is celebrating its 10-year anniversary with RED, the for-benefit brand designed to help eliminate AIDS in Africa, by launching a limited-edition range that features inspirational words.
Founded in 2004, Research Square is a for-benefit company that provides innovative solutions to help researchers successfully communicate their work.
1) Formerly Cooperative Action by Victorian Academic Libraries, a member-based for-benefit company offering reciprocal borrowing, shared collection storage and other economy-of-scale services to member libraries.
Nothing is preventing, for example, eBay founder Pierre Omidyar from engaging in philanthropy through a for-benefit model.
More governments are pursuing public service objectives through third-party for-benefit organizations, like charities and social entrepreneurs.
2010) 35:1 Vt L Rev 105 ("blended enterprise"); Heerad Sabeti, "The For-Benefit Enterprise" (2011) 89:11 Harvard Bus Rev 98 ("for-benefit enterprise").
673, 675 (2009) (describing CSR movement); Taylor, supra note 2, at 745-46 (explaining goals of CSR); Alissa Mickels, Note, Beyond Corporate Social Responsibility: Reconciling the Ideals of a For-Benefit Corporation with Director Fiduciary Duties in the U.
Give Realty was founded under the for-benefit business model, which commits a dedicated portion of company earnings towards philanthropy.
Alissa Mickels, Beyond Corporate Social Responsibility: Reconciling the Ideals of a For-Benefit Corporation with Director Fiduciary Duties in the U.
An emerging business trend, these social entrepreneurs are the owners of corporations doing well while doing good--coined a for-benefit corporation.
Rubriq—whose name embodies a well-established set of parameters and the process of review—is an independent, for-benefit division of Research Square (www.