Public Benefit Corporation
Plum, PBC? What’s a Public Benefit Corporation?
A public benefit corporation (PBC) is a type of corporate entity, like ‘Inc.’ or ‘LLC.’ It’s our legal status of incorporation, and it means that we exist to both make a profit and serve a greater societal purpose (i.e., make the world a little better).
Plum’s public benefit is to deliver nourishing, organic food to our nation’s little ones and to raise awareness and advance solutions for childhood hunger and malnutrition in the United States.
Plum was one of the first to reincorporate as a public benefit corporation in the state of Delaware on August 1, 2013.