You have probably heard of behemoth family foundations, like the Bill and Melinda Gates Foundation, taking on huge causes, like fighting AIDS and malaria. Is it possible for smaller family foundations to also make an impact? YES, according to the Wall Street Journal. In a recent article, the WSJ reported that small family foundations are …
Posts Tagged: Family Foundations
Family Tensions May Split Foundation
When family foundations are forced to move on from the founding generation, it is a time rife for fights over who will control the organization. The William Davidson Foundation, founded by William Davidson, a businessman and owner of the Detroit Pistons basketball team, is facing these growing pains. A petition to split the $1 billion …