Amna Nawaz
@PBSNewsHour·5.3M subscribers·62.2K videos
Instead of selling, business owner donates company to trust for charity
Posted
August 17, 2026
Views
2,989
Likes
177
Engagement
5.92%
August 17, 2026
2,989
177
5.92%
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6:28Now PlayingLast 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.
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