Company Owner Turns Down $400 Million And Gives it to Charity Instead

Grady-White owner Eddie Smith was inspired by Yvon Chouinard, the founder of Patagonia, and has handed control of Grady-White to a “purpose trust.”

“God has really blessed me to put me in a position to give away the vast majority of my net worth. I don’t need a 200-foot yacht or to spend the winters in the Mediterranean. I’m really happy here in eastern North Carolina.”

Only Good News Daily • Aug 4, 2026

Company Owner Turns Down $400 Million And Gives it to Charity Instead | OGN Daily

Grady-White owner Eddie Smith was inspired by Yvon Chouinard, the founder of Patagonia, and handed control of Grady-White to a "purpose trust."

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