Outdoor close up autumn portrait of young elegant fashionable woman wearing trendy leather beret, sunglasses, hoop earrings, blazer, turtleneck, posing in street of European city. Copy, empty space

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

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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.

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Blockbuster I.P.O.s Are Creating New Millionaires. Philanthropies Want a Cut.