Instead of selling, business owner donates company to trust for charity
PBS NewsHour · LC · trust 41/100
Last month, Eddie Smith, the owner of Grady-White Boats in Greenville, North Carolina, made waves when he announced that he was pledging nearly all his company's future profits to charity. Instead of selling Grady-White, Smith chose to gift it to a perpetual purpose trust that will distribute profits to causes. Liz Landers spoke with him about the decision and why he hopes others will follow suit.
Read the original at PBS NewsHour →
Open in TruthVane →