Charitable For-profit Entity
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Charitable For-profit Entity
A charitable for-profit entity is an organization that exists to serve a charitable mission but is legally organized as a for-profit corporation. Both benefit corporations and Low-profit limited liability companies (L3C) fall under this category. As well as generating a profit, a charitable for-profit entity concentrates on setting a social objective. The business must achieve its social purpose as well as having a profit income if it is to be successful. Lately, there are movements to refining strategies', retuning community-oriented activities based on ROI of Little Investment or Small Capital, Low Risk, yet, higher return (impacts and outcome's; both in social and economic factor) and rebranding Non-profits entity from wholly-dependable funding beneficiary from Governments or public i.e. business organization or individual. previously, we often heard Non-profits community-based organization, now, For-profits community-based Social Enterprise The case of organizing charitabl ...
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Charity (practice)
The practice of charity is the voluntary giving of help to those in need, as a humanitarian act, unmotivated by self-interest. There are a number of philosophies about charity, often associated with religion. Etymology The word ''charity'' originated in late Old English to mean a "Christian love of one's fellows", and up until at least the beginning of the 20th century, this meaning remained synonymous with charity. Aside from this original meaning, ''charity'' is etymologically linked to Christianity, with the word originally entering into the English language through the Old French word ''charité'', which was derived from the Latin ''caritas'', a word commonly used in the Vulgate New Testament to translate the Greek word ''agape'' (), a distinct form of love (see the article: Charity (virtue)). Over time, the meaning of ''charity'' has evolved from one of "Christian love" to that of "providing for those in need; generosity and giving", a transition which began with the Old ...
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Social Enterprise
A social enterprise is an organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being. This may include maximizing social impact alongside profits for co-owners. Social enterprises can be structured as a business, a partnership profit (economics), for-profit or Nonprofit organization, non-profit, and may take the form (depending on in which country the entity exists and the legal forms available) of a co-operative, mutual organization, a disregarded entity, a social business, a benefit corporation, a community interest company, a company limited by guarantee or a charity organisation. They can also take more conventional structures. Social enterprises have business, environmental and social goals. As a result, their social goals are embedded in their objective, which differentiates them from other organisations and companies. A social enterprise's main purpose is to promote, encourage, and make social change.J., Lane, ...
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Corporations
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most att ...
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Tufts University Press
The University Press of New England (UPNE), located in Lebanon, New Hampshire and founded in 1970, was a university press consortium including Brandeis University, Dartmouth College (its host member), Tufts University, the University of New Hampshire, and Northeastern University. It shut in 2018 and in January 2021, Brandeis University became the sole owner of all titles and copyrights of UPNE, excluding Dartmouth College Press titles. Notable fiction authors published by UPNE include Howard Frank Mosher, Roxana Robinson, Ernest Hebert, Cathie Pelletier, Chris Bohjalian, Percival Everett, Laurie Alberts and Walter D. Wetherell. Notable poets distributed by the press include Rae Armantrout, Claudia Rankine, James Tate, Mary Ruefle, Donald Revell, Ellen Bryant Voigt, James Wright, Jean Valentine, Stanley Kunitz, Heather McHugh, and Yusef Komunyakaa. Notable nature and environment authors published include William Sargent, Cynthia Huntington, David Gessner, John ...
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Medford, Massachusetts
Medford is a city northwest of downtown Boston on the Mystic River in Middlesex County, Massachusetts, United States. At the time of the 2020 U.S. Census, Medford's population was 59,659. It is home to Tufts University, which has its campus along the Medford and Somerville border. History Indigenous history Native Americans inhabited the area that would become Medford for thousands of years prior to European colonization of the Americas. At the time of European contact and exploration, Medford was the winter home of the Naumkeag people, who farmed corn and created fishing weirs at multiple sites along the Mystic River. Naumkeag sachem Nanepashemet was killed and buried at his fortification in present-day Medford during a war with the Tarrantines in 1619. The contact period introduced a number of European infectious diseases which would decimate native populations in virgin soil epidemics, including a smallpox epidemic which in 1633 which killed Nanepashemet's sons, sachems ...
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The Atlantic
''The Atlantic'' is an American magazine and multi-platform publisher. It features articles in the fields of politics, foreign affairs, business and the economy, culture and the arts, technology, and science. It was founded in 1857 in Boston, as ''The Atlantic Monthly'', a literary and cultural magazine that published leading writers' commentary on education, the abolition of slavery, and other major political issues of that time. Its founders included Francis H. Underwood and prominent writers Ralph Waldo Emerson, Oliver Wendell Holmes Sr., Henry Wadsworth Longfellow, Harriet Beecher Stowe, and John Greenleaf Whittier. James Russell Lowell was its first editor. In addition, ''The Atlantic Monthly Almanac'' was an annual almanac published for ''Atlantic Monthly'' readers during the 19th and 20th centuries. A change of name was not officially announced when the format first changed from a strict monthly (appearing 12 times a year) to a slightly lower frequency. It was a mo ...
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Benefit Corporation
In the United States, a benefit corporation (or in several jurisdictions including Delaware, a public-benefit corporation or PBC) is a type of for-profit corporate entity, authorized by 35 U.S. states and the District of Columbia, that includes positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals, in that the definition of "best interest of the corporation" is specified to include those impacts. Laws concerning conventional corporations (referred to as "C corporations" by the IRS) typically do not specify the definition of "best interest of the corporation", which has led to the interpretation that increasing shareholder value (profits and/or share price) is the only overarching or compelling interest of a corporation. Benefit corporations may not differ much from traditional C corporations. A C corporation may change to a B corporation merely by stating in its approved corporate bylaws that it is a benefit co ...
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Boston College Law Review
The ''Boston College Law Review'' is an academic journal of legal scholarship and a student organization at Boston College Law School. It was established in 1959. Until 1977, it was known as the ''Boston College Industrial & Commercial Law Review''. Among student-edited general-interest law reviews, it is currently ranked 22nd in the Washington and Lee School of Law Law Journal Rankings. The journal publishes eight issues each year (plus an online-only issue, known as the E. Supp., that provides commentary on recent en banc and other significant federal circuit court decisions). Each print issue typically includes four or five articles concerning legal issues of national interest written by outside authors, as well as several student-written notes. The journal has published articles on such wide-ranging topics as the legal issues involved in managing the lives of ex-offenders, the compensation of fund managers in the mutual fund A mutual fund is a professionally managed investment ...
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Virginia Law Review
The ''Virginia Law Review'' is a law review edited and published by students at University of Virginia School of Law. It was established on March 15, 1913, and permanently organized later that year. The stated objective of the ''Virginia Law Review'' is "to publish a professional periodical devoted to law-related issues that can be of use to judges, practitioners, teachers, legislators, students, and others interested in the law." In addition to articles, the journal regularly publishes scholarly essays and student notes. A companion online publication, ''Virginia Law Review Online'' (formerly ''In Brief''), has been in publication since 2007. The current editor-in-chief is Scott Chamberlain (2022–2023). The ''Virginia Law Review'' consistently ranks among the top ten most cited law journals. In addition, it is accessible on electronic databases such as Westlaw, LexisNexis, and HeinOnline HeinOnline (HOL) is a commercial internet database service launched in 2000 by William S ...
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For-profit Corporation
A for-profit corporation is an organization which aims to earn profit through its operations and is concerned with its own interests, unlike those of the public ( non-profit corporation). Structure A for-profit corporation is usually an organization operating in the private sector which sets aims that eventually help the organization itself. This kind of a company makes shares of ownership available to the general public. The purchasers of those shares then become the company's shareholders; shareholders have bought a portion of ownership of the corporation by giving away certain amount of money (differentiating from company to company) or assets of a particular value. Such organizations are usually not aided by the government as they are working for private financial gains, unlike a non-profit organization, which exists to serve a mission. The nature of a for-profit corporation is such that it is required to pay applicable taxes and register with the state. Any donation which they ...
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Charity Law
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educational, religious or other activities serving the public interest or common good). The legal definition of a charitable organization (and of charity) varies between countries and in some instances regions of the country. The regulation, the tax treatment, and the way in which charity law affects charitable organizations also vary. Charitable organizations may not use any of their funds to profit individual persons or entities. (However, some charitable organizations have come under scrutiny for spending a disproportionate amount of their income to pay the salaries of their leadership). Financial figures (e.g. tax refund, revenue from fundraising, revenue from sale of goods and services or revenue from investment) are indicators to assess the financial sustainability of a charity, especially to charity evaluators. This information can impact a chari ...
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Eric Posner
Eric Andrew Posner (; born December 5, 1965) is an American lawyer and legal scholar who has served as a counsel for the Department of Justice Antitrust Division since 2022. As a law professor at the University of Chicago Law School, Posner has taught international law, contract law, and bankruptcy, among other areas. As of 2021, he was the second most-cited active legal scholar in the United States. He is the son of retired Seventh Circuit Judge Richard Posner. Education Posner attended Yale University (B.A. and M.A. degrees in philosophy, summa cum laude) and received his J.D. degree from Harvard Law School (magna cum laude) in 1991. He clerked for Judge Stephen F. Williams of the D.C. Circuit. Career Posner started his teaching career at the University of Pennsylvania Law School from 1993 to 1998. In 1998, Posner joined the University of Chicago Law School where he is now the Kirkland and Ellis Distinguished Service Professor of Law and Esther Kane Research Chair. H ...
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