Grantor Retained Annuity Trusts (GRATs) are legal trusts that allow asset owners to transfer appreciating assets to heirs with minimal or no gift tax. Phil Knight, Nike's founder, reportedly used a series of GRATs to pass billions in Nike stock to his heirs while paying almost no gift tax. GRATs work by placing assets in a short-term trust that pays back the original value plus interest; any growth above that interest passes tax-free to heirs. This strategy is effective for concentrated stock positions and other appreciating assets but requires careful setup and the grantor to outlive the trust term. Despite attempts, Congress has not changed the rules as of 2026, making GRATs a powerful estate planning tool for those with assets expected to grow beyond the IRS interest rate hurdle.
On September 21, 2026, Sandisk was added to the S&P 100 index, replacing Nike, which was removed on the same day. This change reflects shifts in market capitalization and company performance within the index. The update is significant for investors t...
Nike announced a $0.41 quarterly dividend to be paid on October 1, offering a 4.62% annual yield to shareholders despite the stock's 80% decline from its 2021 peak. The ex-dividend date was September 1, so new investors won't receive this payment. Ni...
French soccer star Kylian Mbappé has ended his nearly 20-year partnership with Nike and signed with Swiss sportswear brand On. Mbappé will collaborate with On to design high-performance football footwear and apparel, marking On's entry into the socce...
UBS has lowered its price target for Nike by 13% to $42 due to weakening global sales trends and earnings pressure ahead of Nike's first-quarter report for fiscal year 2027. UBS expects Nike's first-quarter earnings to miss consensus by $0.05 per sha...
Kylian Mbappé has ended his long-standing endorsement deal with Nike, which chose not to renew his contract, and signed with Swiss sportswear company On. This marks On's first major entry into football, alongside naming Thierry Henry as director of f...
