Story thread · 2 reports / 2 sources

Instead of selling, business owner donates company to trust for charity

pbs.org · 5h · first reportShare

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.