Grady-White Boats owner pledges nearly all future company profits to charity
PBS NewsHour reports that owner Eddie Smith chose to give the Greenville, North Carolina, company to a perpetual purpose trust rather than sell it.
TLDR
Grady-White Boats owner Eddie Smith pledged nearly all the company’s future profits to charity, PBS NewsHour reports. Instead of selling the business, he chose to give it to a perpetual purpose trust that will distribute profits to charitable causes. Smith hopes others will follow suit.
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