public benefit corporation

Definition of "public benefit corporation"
  1. A corporation established by the government or for a charitable purpose that performs a specific function for the benefit of the public
How to use "public benefit corporation" in a sentence
  1. The city's public benefit corporation is responsible for running the local library.
  2. A non-profit providing meals to the homeless operates as a public benefit corporation.
  3. Some states classify all charitable corporations as public benefit corporations.

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