"Inspired" by Patagonia founder Yves Chouinard saying that he was going to "donate" Patagonia to a nonprofit trust (while not mentioning this made for some great family tax breaks, explained without a paywall here and here), Hobby Lobby founder David Green said last month he was doing the same. (And probably for the same reason, in large part.)
Indeed,
Green is only two years younger than Chouinard and was likely to hand
off Hobby Lobby anyway. And, he may get an even bigger tax savings. Per
Wiki's articles on the two companies, Hobby Lobby has 3x the sales
revenue.
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