https://onthewater.com/grady-whites-owner-turned-down-400-million-to-give-the-company-away-instead
3 days ago · Grady-White owner Eddie Smith rejected a $400 million sale, transferring the boat builder to a purpose trust that will send profits to charity for good.
https://www.gradywhite.com/perpetual-purpose-trust/
3 days ago · New Structure, Same Grady-White Smith will be gifting control and ownership of the company to the Grady-White Boats Perpetual Purpose Trust and a not-yet-named 501 (c) (4) nonprofit organization. The 501 (c) (4) plans to donate —likely tens of millions of dollars annually—to education, healthcare, conservation and the community. The purpose trust will oversee the management of the company ...
https://www.nmma.org/press/article/25582
1 day ago · Grady-White Boats has announced that owner Eddie Smith is transferring control of the company to a perpetual purpose trust, an ownership model designed to preserve the company's long-standing commitment to employees, customers, dealers and the Greenville, N.C., community while directing future profits to charitable causes.
https://www.entrepreneur.com/business-news/this-83-year-old-entrepreneur-is-rejecting-a-400-million-payday-grady-white-boats
1 day ago · Eddie Smith Jr., the 83-year-old owner of Grady-White Boats, turned down a $400 million sale and instead committed the company’s future profits to charity. Smith has kept full control of the ...
https://dnyuz.com/2026/07/25/sell-the-company-for-400-million-hes-giving-it-away-instead/
5 days ago · Grady-White will distribute tens of millions in annual profits not reinvested in the company to the nonprofit organization, which will give the money away to causes including conservation, health care and education. Most successful companies take on investors, are acquired or sell shares through an initial public offering.
https://businessnc.com/eddie-smith-transfers-grady-white-boats-to-nonprofit-ownership/
3 days ago · Grady-White Boats owner Eddie Smith, 83, has transferred ownership of the company’s voting stock to a trust that will ensure the company remains independent and will operate in concert with his values, he told the New York Times.
https://gardenandgun.com/grady-white-owner
1 day ago · Eddie Smith Jr., owner of the lauded boat manufacturer Grady-White, made waves in the business world earlier this week with an unexpected announcement: Instead of selling the North Carolina–based company for as much as $400 million, the eighty-three-year-old has donated its profits to charity in perpetuity, the New York Times reported.
https://finance.yahoo.com/small-business/articles/grady-white-founder-pledges-profits-131157460.html?fr=sycsrp_catchall
2 days ago · Eddie Smith arranges purpose trust to fund charities instead of cashing-out for hundreds of millions. The post Grady-White Founder Pledges Profits to Charity appeared first on Boating Mag.
https://willstrustsestates.lawprofessorsblogs.com/2026/07/sell-the-company-for-400-million-hes-giving-it-away-instead.html
2 days ago · He renounced a potential $400 million payday and pledged all of Grady-White’s future profits to charity. At a time when billionaires are shunning the Giving Pledge and artificial intelligence start-ups are minting thousands of new millionaires, Mr. Smith’s forfeiture of wealth stands out as an act of principled rebellion.
https://www.newsbreak.com/boating-317181593/4793713934232-grady-white-founder-pledges-profits-to-charity
Editor’s Note:While Boating doesn’t often cover the business of boating, Grady-White’s prominent status among boaters, coupled with Mr. Smith’s example-setting generosity, warrants publication. Eddie Smith Jr., the longtime owner of Grady-White Boats, has transferred ownership of the company to a purpose trust rather than selling it, ensuring the iconic boatbuilder will remain ...
https://sbj.net/stories/grady-white-boats-owner-pledges-profits-to-charity,105113
3 days ago · Grady-White Boats owner Eddie Smith Jr. has renounced a potential $400 million sale and pledged to deliver future profits to charity.
