The community contribution company is a type of corporate structure set up in 2012 in British Columbia, Canada. It is intermediate between a commercial, for-profit, model, and the charitable, non-profit organisation.[1] Traditionally, non-profit organizations either depend a combination of government funding, philanthropy, and earned income. This corporate model was set up to help build earned income to secure long-term growth.

See also

  • Benefit corporation, a similar type of legal organization in the United States
  • Community interest company, a similar type of legal organization in the United Kingdom
  • Social entrepreneurship, a practice which involves hybrid for-profit/nonprofit organizational strategies which community contribution companies are designed to accommodate.
  • L3C, a similar type of legal organization in the United States

References

  1. ↑ Community Contribution Companies. Government of British Columbia, Ministry of Finance. Accessed Sept 2019.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.