Some recent innovations, such as tradable pollution rights and catastrophe bonds, have provided a public benefit.
The Charity Commission will be responsible for carrying out the public benefit checks on all charitable organisations.
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"Charities must provide public benefit, and that is what the legislation requires us to ensure, " he said.
But there have been concerns among independent schools about a lack of certainty about what public benefit means.
We are not aware of any public benefit related to permitting these firms to hide their dirty laundry.
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Any that cannot show sufficient public benefit might in extreme cases see their assets used for worthier causes.
In particular it wants to clarify what is meant by charity rules which expect schools to provide "public benefit".
Independent schools are required to show that they are offering a "public benefit", as a condition of charitable status.
People talk over and over again about higher education as being a source of public benefit for the country.
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First and foremost, the proposed rule would push already stratospheric electricity prices still higher without achieving any countervailing public benefit.
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Charitable activity must demonstrate public benefit but that does not mean it has to be, or indeed ever has been, largely pro-poor.
The reason: The opportunity for firefighters to practice and test their equipment, a public benefit, outweighs the incidental benefit to the taxpayer.
When we see beyond the label and recognize the skills and talents of individuals, the business, the employee and the public benefit.
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Projects would need to have a clear public benefit, meet rigorous economic, technical, and environmental standards, and be backed by a dedicated revenue stream.
But out of five test cases last year, the Charity Commission said that two schools did not offer sufficient public benefit to qualify for charitable status.
Mr Lyscom says that schools' educational work is a public benefit - and that independent schools have sought to make facilities available to the wider community.
These are competitive jobs, not make work employment, for individuals who move off of the public benefit systems to become contributing, tax paying members of our society.
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The system was established as a trade-off that provides a public benefit: the state agrees to grant a limited monopoly to an inventor in return for disclosing how the technology works.
Unlike a traditional corporation, a Benefit Corporation has a corporate purpose to create public benefit, which is useful when Delaware says that the only proper purpose is to create private wealth.
Since the urban decline of the 1960s, courts have expanded the definition of "public use" to mean "public benefit, " allowing developers who promised higher tax revenue and jobs to seize property considered blighted.
And thus the spectacle of slow cross-country trains that should have been allowed to die when Amtrak took over from the freight railroads in 1971 but continue to roll at the cost of vast subsidies with little or no public benefit.
We think that those which charge high fees where the public benefit may not be obvious should assess and report the value of the benefit they provide alongside the value of the benefits they receive - including of course the tax breaks.
"Prior to the introduction of this bill, it has been increasingly difficult for the Charity Commission to make full determinations on whether an organisation is a charity as the definition within the 2008 act could not be applied until the public benefit issue was resolved, " he said.
It argued the deal had "no public interest benefit", in a filing at the Federal Communications Commission.
There is now evidence that HIV treatment diminishes infectiousness and has a public health benefit towards reducing HIV transmission.
But Ms. Lefebvre said Tuesday that the approach SUNY was proposing a public-benefit corporation to coordinate services at multiple hospitals doesn't appear to have been tried before.
But analysis by IPPR North shows almost half of major transport projects involving public funding benefit only London and the south-east, accounting for 84% of planned spending.
Dr Gillian Hawksworth, President of the Royal Pharmaceutical Society of Great Britain, said there was a "clear public health benefit" to be gained from making statins available over-the-counter.
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