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 ?
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.
Sullivan counsels clients on a variety of issues in a broad range of industries, including energy, tax, healthcare, pensions, transportation, education, trade and economic development, as well as matters involving the nonprofit and for-benefit enterprise sectors.
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.
com), a for-benefit company that develops software and services for the global research community.
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.
com)-- A new for-benefit organization named Rubriq has been formed to address the challenges of the peer review system for scientific publishing, and to recover lost hours from redundant reviews so they can be put back into research.
Sullivan brings a unique perspective to a wide variety of issues facing a broad range of industries, including tax, healthcare, energy, pensions, transportation, trade and economic development, as well as matters involving the nonprofit and for-benefit enterprise sectors.