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
In October, the company restructured as a public benefit corporation, which is a for-profit company working towards the public benefit.
—
Lia Russell
march 24, Sacbee.com, 24 Mar. 2026
Aside from its relationship with Microsoft, OpenAI cited risks such as its significant capital expenditures, reliance on compute resources, ongoing litigation with Elon Musk’s xAI, and its unusual structure as a public benefit corporation, whose parent is the OpenAI Foundation.
—Lora Kolodny,ashley Capoot, CNBC, 23 Mar. 2026
Last year, the two clashed as OpenAI restructured itself into a for-profit public benefit corporation, but eventually settled on a new agreement in September.
—Frank Landymore, Futurism, 19 Mar. 2026
This was the third time that Lennon has won the contest sponsored by Desmos, a public benefit corporation that offers free math tools online.
—Karen Billing, San Diego Union-Tribune, 3 Mar. 2026
The Pennsylvania newspaper became a for-profit public benefit corporation in 2016.
—Alnoor Ebrahim, The Conversation, 13 Feb. 2026
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Lia Russell
march 24, Sacbee.com, 24 Mar. 2026
Aside from its relationship with Microsoft, OpenAI cited risks such as its significant capital expenditures, reliance on compute resources, ongoing litigation with Elon Musk’s xAI, and its unusual structure as a public benefit corporation, whose parent is the OpenAI Foundation.
—Lora Kolodny,ashley Capoot, CNBC, 23 Mar. 2026
Last year, the two clashed as OpenAI restructured itself into a for-profit public benefit corporation, but eventually settled on a new agreement in September.
—Frank Landymore, Futurism, 19 Mar. 2026
This was the third time that Lennon has won the contest sponsored by Desmos, a public benefit corporation that offers free math tools online.
—Karen Billing, San Diego Union-Tribune, 3 Mar. 2026
The Pennsylvania newspaper became a for-profit public benefit corporation in 2016.
—Alnoor Ebrahim, The Conversation, 13 Feb. 2026
Cite this Entry
“Benefit corporation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/benefit%20corporation. Accessed 4 Apr. 2026.
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