Definition
A corporate legal structure that commits directors to pursue public benefit alongside shareholder value. Distinct from nonprofit status; equity can still appreciate and trade (subject to governance).
Key Points
- 2026-10-18: anthropic (PBC) commits 5% of shares to Anthropic Public Benefit Fund LLC (+2% per 50% valuation step above baseline, board discretion); ~20% of cap table earmarked for public good including prior founder/employee pledges; stockholder approval pending (2026-10-18-anthropic-public-benefit-fund)
Fund is wholly owned LLC, not 501(c)(3); equity in fund cannot fund lobbying or political giving per Anthropic statement.