Grady-White Boats Owner Eddie Smith Pledges Company Profits to Charity

After the death of his sole heir, Eddie Smith, owner of Grady-White Boats, was inspired by Patagonia to pledge future company profits to charity, giving away his $400 million company.

25 Jul, 12:00 — 25 Jul, 12:00

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NYTMostly Factual37d ago

Sell the Company for $400 Million? He’s Giving It Away Instead.

After his sole heir died, Eddie Smith, the owner of Grady-White Boats, looked for a way to pass on his legacy. He was inspired by Patagonia to pledge future profits to charity.

By David Gelles

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Grady-White Boats Owner Eddie Smith Pledges Company Profits to Charity

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Sell the Company for $400 Million? He’s Giving It Away Instead.

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