Business Owners Giving Away Companies for Good
Update: 2025-12-07
Description
Business leaders are embracing a new trend: giving away their companies for good. Instead of selling to the highest bidder, theyre transferring ownership to foundations, nonprofits, or employees. This generosity exit allows owners to create a philanthropic annuity, preserving company culture and jobs. With millions of U.S. businesses owned by individuals over fifty-five, this approach could reshape business exits, focusing on purpose and legacy. New models like the Philanthropic Enterprise Act and ESOPs facilitate these transitions, ensuring a companys mission and values endure long after its founder has stepped away.
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