By its charter this corporation might lawfully have been used as the means of increasing the wealth of its founders and shareholders. But the evidence is all to the effect that this was never the purpose or intent and has not been the effect. No individual trustee owns any part of Unity School. This has been public knowledge for at least 75 years. Shares of stock are held in trust by the trustees.
Stock gives the trustee only the legal right and responsibility to manage the corporation.
Unity School stock has no monetary value and cannot be sold or bequeathed. The corporation functions under the same legal guidelines today that were established by the Fillmores in 1914. The corporate structure and function have not changed. Since Unity School did not fit the criteria for either of these at that time, and since it was engaged in publishing and farming, it was required to incorporate as a for-profit organization. However, the articles of incorporation clearly state that no divided shall ever be declared or paid and that all monies and property shall be used to carry out the work of the organization.