{
  "id": 1591479,
  "title": "Instead of selling, business owner donates company to trust for charity",
  "url": "https://urgent.news/2026/08/17/instead-of-selling-business-owner-donates-company-to-trust-for-charity",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-17T22:25:57.000Z",
  "source": {
    "name": "PBS NewsHour",
    "slug": "pbs-newshour",
    "url": "https://www.pbs.org/newshour/show/instead-of-selling-business-owner-donates-company-to-trust-for-charity"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}