Perpetual purpose trusts (PPTs) offer a solution for inclusive community development that mitigates displacement in urban areas, like Philadelphia. These trusts operate as noncharitable entities with a focus on advancing social purposes, governed by boards of trustees. They can own land or businesses, ensuring profits serve community interests rather than just shareholders. By aligning business operations with enduring missions, PPTs exemplify a sustainable approach to local growth, fostering a resilient community environment while engaging stakeholders in decision-making processes. Successful businesses using this model highlight its potential to harmonize social objectives with economic viability.
Perpetual purpose trusts are flexible tools for urban development, enabling communities to grow inclusively while preserving local character and preventing displacement.
These trusts provide a governance structure where ownership is managed by trustees committed to social purposes, aligning economic activities with community missions.
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