Last month, Eddie Smith made a significant announcement that has captured attention. As the owner of Grady-White Boats in Greenville, North Carolina, Smith declared his intention to direct almost all future profits of his company to charitable causes.
Rather than opting to sell Grady-White, Smith decided to place it into a perpetual purpose trust. This trust will be responsible for distributing profits to various causes, ensuring that the company’s financial success aids charitable endeavors.
Liz Landers explored this unique decision during a conversation with Smith. She delved into his motivations and discussed his hope that others will follow his example.
By Liz Landers
About the Author: Liz Landers is a correspondent for PBS News Hour. She focuses on covering the White House and the Trump administration. Before her role at News Hour, she served as the national security correspondent for Scripps News and also reported on disinformation issues for the network.
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