Kickstarter Releases First Annual Statement Since Becoming a Public Benefit Corporation

The crowdfunding platform joined Patagonia and a few other companies that have accepted a legal obligation to benefit society, rather than just focusing on maximizing shareholder value. Every two years, Kickstarter is required to report on its progress in achieving a long list of objectives laid out in its charter—in other words, it has to prove the benefit that it’s providing the public.

So far, it appears that the company is making a lot of progress toward fulfilling that charter when it comes to charitable donations, gender and racial equity, and pay equity.