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PBS Newshour

Business owner donates company to trust for charity

Season 2026 Episode 168 | 6m 27s

Last 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.

Major corporate funding for the PBS NewsHour is provided by Care.com, Consumer Cellular, and Fidelity. Funding for the PBS NewsHour Weekend is provided by Mutual of America. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
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