benefit corporation
noun
US law
: a for-profit corporation whose purpose is to provide a benefit to society (as improving the environment or good health) in addition to making a profit for shareholders
called also B corporation
Examples of benefit corporation in a Sentence
Recent Examples on the Web
The Preservation Trust leases to a public benefit corporation created by the state.
—
Jasmin Sanchez,
New York Daily News,
9 June 2026
OpenAI has been working to transition its governance model into a public benefit corporation structure, a change aimed at easing capital access and enabling broader partnerships.
—
Neetika Walter,
Interesting Engineering,
8 June 2026
OpenAI's for-profit arm is also a public benefit corporation controlled by a nonprofit foundation whose directors must balance shareholder returns against a broader mission—a structure whose instability was laid bare when OpenAI's board fired and briefly ousted Sam Altman in 2023.
—
Beatrice Nolan,
Fortune,
2 June 2026
That legislation was written to benefit corporations and the wealthiest Americans.
—
Baltimore Sun Staff,
Baltimore Sun,
20 May 2026
With the entertainment industry in flux and talk everywhere about new models, Level Forward has been plugging away at one as a public benefit corporation — a for-profit company legally required to balance a focus on earnings with positive societal or environmental impact.
—
Jill Goldsmith,
Deadline,
19 May 2026
In the coming months, the company plans to rename itself NewBird AI and give up its status as a public benefit corporation.
—
Suvrat Dhanorkar,
The Conversation,
18 May 2026
The author is founder/CEO of Research in Action, a social benefit corporation.
—
Mary Ann Grossmann,
Twin Cities,
17 May 2026
The bankruptcy plan requires Purdue cease operations to form a new public benefit corporation called Knoa Pharma, which is run by a nonprofit foundation.
—
Eduardo Cuevas,
USA Today,
1 May 2026
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Jasmin Sanchez,
New York Daily News,
9 June 2026
OpenAI has been working to transition its governance model into a public benefit corporation structure, a change aimed at easing capital access and enabling broader partnerships.
—
Neetika Walter,
Interesting Engineering,
8 June 2026
OpenAI's for-profit arm is also a public benefit corporation controlled by a nonprofit foundation whose directors must balance shareholder returns against a broader mission—a structure whose instability was laid bare when OpenAI's board fired and briefly ousted Sam Altman in 2023.
—
Beatrice Nolan,
Fortune,
2 June 2026
That legislation was written to benefit corporations and the wealthiest Americans.
—
Baltimore Sun Staff,
Baltimore Sun,
20 May 2026
With the entertainment industry in flux and talk everywhere about new models, Level Forward has been plugging away at one as a public benefit corporation — a for-profit company legally required to balance a focus on earnings with positive societal or environmental impact.
—
Jill Goldsmith,
Deadline,
19 May 2026
In the coming months, the company plans to rename itself NewBird AI and give up its status as a public benefit corporation.
—
Suvrat Dhanorkar,
The Conversation,
18 May 2026
The author is founder/CEO of Research in Action, a social benefit corporation.
—
Mary Ann Grossmann,
Twin Cities,
17 May 2026
The bankruptcy plan requires Purdue cease operations to form a new public benefit corporation called Knoa Pharma, which is run by a nonprofit foundation.
—
Eduardo Cuevas,
USA Today,
1 May 2026
Cite this Entry
“Benefit corporation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/benefit%20corporation. Accessed 5 Jul. 2026.
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