Patagonia's founder has given his company away to fight climate change and advance conservation: 5 questions answered
- Written by Ash Enrici, Assistant Professor of Philanthropic Studies, Indiana University
The company's profits will sustain these efforts in perpetuity.Jakub Porzycki/NurPhoto via Getty ImagesPatagonia founder Yvon Chouinard, his wife and their two adult children have irrevocably transferred their ownership of the outdoor apparel company to a set of trusts and nonprofit organizations.
From now on, the corporation’s profits will...