Kibbe: 501(c)(4) Structure Lets Patagonia's Successor Org Lobby and Fund Politics
Rachel Kibbe · Patagonia’s founder gives away the company for climate · Oct 5, 2022 · at 9:33
Rachel Kibbe discusses the governance and legal implications of Patagonia founder Yvon Chouinard transferring company ownership to a climate trust and a 501(c)(4) organization.
0:00 / 0:19exact quote · 19.1s
720p mp4 · rendered on demand · StarZero watermark
“And then also, he's going to be a five oh one C four, which is not only, which is different than the traditional five oh one C three structure that most nonprofits are, which means they're also going to be able to lobby and give money to political causes, which by the way, our friends on the other side of the tracks are also doing.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Rachel Kibbe
Kibbe: Apparel demand for recycled plastic forces bottle makers into virgin plastic
“The textile industry has been siphoning off recyclable plastics from the bottle industry and making recycled plastics for bottles. The prices of that commodity go up. Which increases the need for virgin plastics for the bottle industry.”
Kibbe: No scaled infrastructure exists to recycle plastic textiles into new textiles
“Once a plastic goes into a textile right now whether it's virgin plastic or, right, recycled plastic from bottles, it's not, we don't have the infrastructure or the sorting capabilities or any of really the technology at scale to turn that back. Into a new tex…”
Kibbe: Unable to Find Faults in Patagonia's Climate Trust Structure
“I mean, obviously, I had to sort of look into it a little bit before I totally celebrated it, and there's already been some criticism, but I just, I still am looking to poke holes in this, and I really can't, given the structure that They've chosen in the soci…”
Kibbe: Patagonia founder Yvon Chouinard does not use a cell phone or email
“And this is a man who to this day does not use a cell phone or email.”
Kibbe: Patagonia shifted giving from 10% profits to 1% total sales
“In fact, after he made that statement to, that poser statement to his employees, he switched from giving 10% of their profits to grassroots environmental organizations to What is now fairly common, but was fairly revolutionary at the time, one percent of their…”