Why has Patagonia's founder given away his company?
While Chouinard’s decision to give the company away sets an incredible precedent with regard to saving the planet, media reports suggest that the move also points to huge tax evasion advantages.
A 'Washington Post' report, citing a Bloomberg analysis, states, “The deal’s structure puts Mr Chouinard in a position to save an estimated $700 million in federal capital gains taxes had he sold the $3 billion outdoor gear-and-apparel giant, as well as allowing his heirs to avoid estate and gift taxes while keeping his family in control of the company.”