I wonder if forming a Benefit Corporation [0] was considered. This is a type of corporate entity that has only come into being in the past few years. Unlike a t

I wonder if forming a Benefit Corporation [0] was considered. This is a type of corporate entity that has only come into being in the past few years. Unlike a traditional corporation which has a mandate to operate in the best interests of its shareholders [1], a Benefit Corporation is formed with a mandate to produce a benefit to a broader class of stakeholders, which could be the general public or all of humanity. As a practical matter, if you have the assent of the shareholders a corporation can act however it likes within the law and doesn't need to try to return a profit, however it seems to me that there is a serious impedance mismatch in using a corporation for philanthropic endeavours and I wonder why, seeing as how a legal tool specifically for this purpose has recently been created, it wasn't used. [0]: https://en.wikipedia.org/wiki/Benefit_corporation https://en.wikipedia.org/wiki/Benefit_corporation [1]: https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.