He’s setting it up in a Purpose Trust similar to what Chouinard did with Patagonia. Kinda makes me like those boats even more, and I have always admired them.
www.nytimes.com
Sell the Company for $400 Million? He’s Giving It Away Instead.
After his sole heir died, Eddie Smith, the owner of Grady-White Boats, looked for a way to pass on his legacy. He was inspired by Patagonia to pledge future profits to charity.
