Last month, Eddie Smith, who owns Grady-White Boats based in Greenville, North Carolina, made a significant announcement. He declared that nearly all of his company’s future profits would be dedicated to charitable causes. Instead of opting to sell Grady-White, Smith decided to place it into a perpetual purpose trust. This trust will handle the distribution of profits to various causes.
Eddie Smith discussed this decision with Liz Landers, expressing his motivation and hope that others might consider similar actions. The choice to prioritize charity over personal profit highlights a remarkable approach in today’s business world.
About Liz Landers: Liz Landers is a correspondent for PBS News Hour. She covers the White House and the Trump administration. Her previous roles include serving as the national security correspondent for Scripps News and reporting on disinformation for the network.