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public benefit corporation

   Also found in: Acronyms, Encyclopedia, Wikipedia 0.01 sec.

public benefit corporation n. a term used in some states for a non-profit community service corporation. Typical examples are service clubs like Kiwanis, Rotary, Soroptimists and Lions. (See: corporation)



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The BPCA is a public benefit corporation created by the New York State Legislature in 1968 to develop a 92-acre site at the southwestern tip of Lower Manhattan.
The grant--$400,000 a year for three years--was awarded by Los Angeles Universal Preschool, an independent, public benefit corporation dedicated to making preschool available to children in Los Angeles County.
The Battery Park City Authority is a public benefit corporation created by the New York State Legislature in 1968 to develop a 92-acre site at the southwestern tip of Lower Manhattan.
 
 
 
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