Illuminate Labs is incorporated as a Benefit Corporation and is currently in Certified B Corporation Pending status. We're on track to achieve Certified B Corp status in early 2020.
What is a Benefit Corporation?
A Benefit Corporation is a for-profit Corporation with a legal requirement to consider whether each business decision works towards the societal goal, rather than just to maximize shareholder profits like traditional Corporations.
Illuminate Labs is incorporated as a Benefit Corporation, which entails a legal responsibility to fulfill our societal goal of improving transparency in the dietary supplements industry.
What is a Certified B Corporation?
A Certified B Corporation is a third-party certification by B Labs. To achieve Certified B Corp status, companies must be in business for 12 months and maintain high standards of verified social and environmental performance. The B Labs standards are set against actionable goals like donations to charity, reduction of company carbon footprint, and impact to local community.
Illuminate Labs was incorporated in January of 2019, so we look forward to publishing our B Corp score on this page once we achieve Certified B Corp status in early 2020.
Our Charity Pledge
Every fiscal year, Illuminate Labs will be donating 5% of our profits to our partner charity called CURE Childhood Cancer. CURE is a non-profit organization dedicated to conquering childhood cancer by funding targeted research along with supporting patients and their families. CURE Childhood Cancer has been rated 4 stars out of 4 by CharityNavigator for 11 consecutive years, proving that they're transparent with their funding and that the vast majority of their donations go to research and financial support.