Maybe you saw the news a few days ago that the owner of Patagonia was going to give away

his fortune.

The stunning announcement from the founder of Panagonia, sharing that he's giving away,

giving away the $3 billion company.

Not only just give it away, give it away, give it away now, but bequeath it to one particular

cause, the climate.

It's not going to be owned by a trust and a group of nonprofit organizations which will

then use all the profits not reinvested into the business to protect the planet.

On today's explained, we're going to try and figure out if this was philanthropy, tax

avoidance, or a cunning combination of the two.

The way I've been thinking about it is it might be both things at the same time.

I don't want the fact that they are potentially receiving a big tax advantage to necessarily

detract from the reality of what they're doing, which is also pretty radical.

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