Yvonne Schenard, a self-described dirt bag rock climber in the 1960s, started Patagonia. The company is now giving away 1% of its profits to nonprofits pretty much from the get go. A new 501c4 nonprofit will then use that money to fight climate change and protect the natural world.
The billionaire founder of Patagonia is giving away his company to fight climate change. He’s also getting a giant tax break.
This episode was produced by Victoria Chamberlin, fact-checked by Laura Bullard, engineered by Paul Robert Mounsey, and edited by Sean Rameswaram, who also hosted.
Transcript at vox.com/todayexplained
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