it combines some "greater good" principles with the ability to build products and run businesses in a modern competitive market
There's also the PBC (Public Benefit Corporation), which in addition to profit / shareholder value explicitly defines positive impact on society as a goal, and exists since 2010 in some states, while in others only since 2022 [1]. But as far as I understand there are no legal requirements or audits that ensure those goals are followed.
Kagi (the search engine, popular in the HN community and I'm a happy customer myself) is one example of a PBC [2].
Comments
There's also the PBC (Public Benefit Corporation), which in addition to profit / shareholder value explicitly defines positive impact on society as a goal, and exists since 2010 in some states, while in others only since 2022 [1]. But as far as I understand there are no legal requirements or audits that ensure those goals are followed.
Kagi (the search engine, popular in the HN community and I'm a happy customer myself) is one example of a PBC [2].
[1] https://en.wikipedia.org/wiki/Benefit_corporation
[2] https://blog.kagi.com/what-is-next-for-kagi#4
True, but PBC's are still for profit corporations and cannot benefit from tax and other benefits afforded to not for profits.