Tacit Subtext“Independent companies… are following a model pioneered… by an Oregon produce distributor (Sundance Natural Foods)… U.S. business owners choosing to sell or gift their company to a trust, instead of selling to a person or another company, so they can protect its values... The model is called a “perpetual purpose trust”.”
https://www.opb.org/article/2024/05/16/perpetual-purpose-business-trust-oregon-companies/
#PerpetualPurposeTrust #PurposeTrust #Capitalism #Finance #SocialFinance #Oregon #ORPol #Eugene #SundanceNaturalFoods #WorkerOwned #WorkerCoop
Can a business be owned by its purpose? A growing number of Oregon companies say yes
Patagonia made headlines in 2022 when its founders said company profits would go to fighting climate change. They followed a model pioneered in the U.S. by an Oregon produce distributor, and the approach is offering independent business owners a new way to preserve companies.