The Purpose Foundation is a non-profit organisation dedicated to promoting and supporting steward-ownership, a model of corporate governance that prioritises long-term sustainability and social responsibility over short-term profit maximisation. Founded in 2016, the organisation aims to make steward-ownership accessible and widely known, particularly among entrepreneurs, investors, and policymakers.
At the heart of Purpose's activities is the belief that traditional ownership models often lead to a focus on short-term gains, neglecting the well-being of employees, communities, and the environment. Steward-ownership, in contrast, ensures that companies are managed for the benefit of all stakeholders, not just shareholders. This approach is exemplified by companies like Bosch and Patagonia, which have successfully transitioned to steward-ownership models.
Purpose's work includes providing educational resources, conducting research, and offering practical support to businesses transitioning to steward-ownership. The organisation also collaborates with universities and policymakers to promote the concept and address legal and financial barriers to its adoption.
Through its network of entities, including Purpose US and Purpose Latin America, the organisation has a global reach, with initiatives such as the "Day of Steward-Ownership" and the publication of open-source materials on steward-ownership. By fostering a community of like-minded individuals and organisations, Purpose aims to contribute to a more equitable and sustainable economy. With its comprehensive approach, the Purpose Foundation has established itself as a key player in the steward-ownership movement.