Patagonia, charity with continuity

UPSC Practice recommends Patagonia, charity with continuity.

The Chouinards will be giving Patagonia away to the cause they believe most in, the environment. By transferring their holdings to a trust and a non-profit, they expect it to run as profitably as before. And by not listing it or selling it to a fellow billionaire, they can preserve its focus on sustainability and employee welfare.

Courtesy: ET Editorial-Opinion-Economic Times

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