Better World Books, a for-profit social enterprise that collects and sells books online, with a percentage of profits going toward literacy initiatives in the U.S. and worldwide, recently announced the creation of an Incentive Stock Option program for its nonprofit literacy partners.
Better World Books
June 9, 2009
May 26, 2009
Atlanta, GA, May 26, 2009 — Today Better World Books announced the creation of an Incentive Stock Option program for its non-profit literacy partners, an unprecedented financial innovation in social entrepreneurship. The program puts aside approximately 5% of the company for use in stock option grants to an initial group of five literacy partners with potential to add others in the future: Books for Africa, Room to Read, Worldfund, the Robinson Community Learning Center and the National Center for Family Literacy.