Patagonia founder recently donated the whole company

Yvon Chouinard, the founder of Patagonia,  and his spouse

Are transferring their ownership of the clothing manufacturer

He began almost 50 years ago.

The over $3 billion in non-voting equity of the corporation

Will be owned by a collective that will fight climate change

With all proceeds that aren't put back into the company.

The business anticipates contributing roughly $100 million annually.

Based on the state of the company.