Giving Compass' Take:

• Craig Cochran and Jeffrey LaPadula created a group of social impact businesses called P.S. Kitchen which donates 100 percent of its operating cost to charitable organizations. 

• How can philanthropists help social impact businesses through collaboration? 

•  Read advice from other veteran entrepreneurs on how to build a social impact business. 

As social impact has grown to be a foundational aspect of businesses large and small, a new, bold approach to giving back has emerged. Restaurants, breweries and coffee shops are starting to step up and donate not just some, but all of their profits to charitable causes across the globe.

Included in the lineup of socially conscious businesses is P.S. Kitchen, an upscale, plant-based restaurant located in New York City's Theatre District. The restaurant donates 100 percent of profits after operating costs to charitable organizations and even employs individuals in transitional living.

P.S. Kitchen was founded after a group of investors and two industry veterans, Craig Cochran and Jeffrey LaPadula, wanted to create a place where giving was enjoyable, fun and unique. To accomplish this goal, they created a way to give in three ways: by donating 100% of their profits; employing people in transitional living; and serving plant-based food that is kind to the environment — and tastes great.

According to co-founder and co-owner Cochran, P.S. Kitchen strives to give "a hand up, not a handout."

Inspired by the work of social impact pioneer Dr. Muhammad Yunus, "We wanted to do more than just write a check — we wanted to create jobs and empower others," Cochran says.

Read the full article about P.S. Kitchen donating 100 percent of profits to charity by Tori Utley at Forbes.