Patagonia’s CEO is donating company’s entire $10M Trump tax cut to fight climate change.

https://www.upworthy.com/patagonia-s-ceo-is-donating-company-s-entire-10-m-trump-tax-cut-to-fight-climate-change?fbclid=IwAR3Ej9PsUr8VlUxIGQeiLJKqr8NlUZf5u6qAG89iwfFFXh5H2fVPGuAdC3k

by Leo Shvedsky
Nov. 28, 2018

Patagonia is having a very good year. And under our new corporate tax code passed by a Republican Congress and enthusiastically signed into law by President Trump, they’re paying a lot less in federal taxes.

$10 million less, to be exact.

In letter posted to LinkedIn, Patagonia’s CEO announced her company is donating all $10 million to non-profit groups who work on issues related to climate change and the environment.

“Based on last year’s irresponsible tax cut, Patagonia will owe less in taxes this year—$10 million less, in fact,” CEO Rose Marcario writes. “Instead of putting the money back into our business, we’re responding by putting $10 million back into the planet. Our home planet needs it more than we do.”

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Patagonia isn’t new to environmental causes. Their “1% for the Planet” program donates profits to environmental projects around the world.

A note on their company site claims Patagonia has donated more than $89 million to such causes since the program first launched.

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