Title

Another For-Profit Becomes a Public Benefit Corporation

By

October 29, 2015

Stratford University, a for-profit institution based in Virginia, this week announced that it has become a public benefit corporation. That move, which a handful of other for-profits have made recently, is a legal change to a company's charter, which allows it to focus more on activities that do not generate a profit -- including actions that are aimed at benefiting the public.

"Stratford has a student-first mentality, and as a benefit corporation we have the liberty to make sure we are providing students with the best education in the best environment,” Richard Shurtz, the university's president, said in a written statement.

The university holds national accreditation. It offers credentials in information technology, hospitality, culinary arts, business administration and health care.

jump to comments

+ -

Expand comments Hide comments — Join the conversation!

View the discussion thread.

Opinions on Inside Higher Ed

‘Religion in the University’

Reducing the Carbon Footprint
of Academic Travel

Losing Conviviality

Inside Higher Ed’s Blog U

Library Babel Fish

Understanding Social Facts

An Opportunity for Better Assessment

Confessions of a Community College Dean

Looking for the New Keynes

Reference Material

Technology and Learning

'Jump-Starting America' as an Invitation to a Conversation with Economic Conservatives

Confessions of a Community College Dean

Messing With Texans

Topics

Want to advertise? Click here

College Pages

Featured college pages

Popular Right Now

Accusations of forced failing grades fly at Arizona State

Photography professor is accused of violating rules of consent in a new book on Greek life

Arkansas Tech University accused of honoring Holocaust denier

Study finds female professors experience more work demands and special favor requests, particularly

Advocates for student learning assessment say it's time for a different approach

College completion rates vary by race and ethnicity, report finds

How to write an effective diversity statement (essay)

Broad coalition puts focus on lifting ban on student aid in prisons

Study shows significant impact of legacy status in admissions, and that the applicants have been str