Welcome to the Eric Erickson Show podcast, Our Three.

Hello and welcome. It is Eric Erickson here. The Eric Erickson Show across the nation. The phone number is 877-973-7-425, should you wish to be on this year program.

Always happy to have my callers phone, even when you disagree.

Now, I want to shift gears pretty dramatically here from all the other political stuff of the day.

There's a story in the New York Times that caught my eye.

Many of you are getting into Han Solo season where you wear your puffy vests. It corresponds to pumpkin spice season as well.

And you will wear your puffy vests with your t-shirts and get your pumpkin

spice lattes and do your Han Solo impression.

And many of you will wear those puffy vests from a place called Patagonia.

If not the North Face, Patagonia, that tends to be where suburban white people buy their puffy vests.

They don't really care about the outdoorsy nature of Patagonia, but they have helped make Yvonne Schoenard,

the owner and founder of Patagonia, a billionaire. A billionaire. Well, according to The New York Times,

rather than selling his company or taking it publicly, the founder, his wife,

and two adult children have transferred their ownership of Patagonia valued at about $3 billion to a

special design trust and to a nonprofit organization. They were created to preserve the company's

independence and ensure

that all of its profits, $100 million a year, is used to fight climate change and protect

undeveloped land around the globe. That's right. They donated their shares to a trust, so they'll pay $70.5 million in taxes on the gift.

And then get this, they donated 98% of Patagonia, its common shares to a newly established nonprofit organization called Hold Fast Collective,

which will now be the recipient of all the company's profits,

and use the funds to combat climate change.

Because HoldFast Collective is a 501C4,

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