Wiktionary
n. A kind of charitable trust in Iran.
Wikipedia
Bonyads ( Persian بنیاد "Foundation") are charitable trusts in Iran that play a major role in Iran's non-petroleum economy, controlling an estimated 20% of Iran's GDP, and channeling revenues to groups supporting the Islamic Republic. Exempt from taxes, they have been called "bloated", and "a major weakness of Iran’s economy", and criticized for reaping "huge subsidies from government", while siphoning off production to the lucrative black market and providing limited and inadequate charity to the poor.
Usage examples of "bonyad".
Rafighdoost now controlled the Bonyad Mostazafin (Foundation of the Oppressed), Iran’s largest holding company, comprising eight hundred different firms, which was established with money confiscated from the shah’s family.