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Joyce Foundation analogy

I've posted before on the Joyce Foundation, which was started by a timber company family, originally to provide benefits to lumberjacks, and now is pumping millions into antigun causes.

How did it get that way? Here's an article on the Ford Foundation, which started out as a family foundation directed at Detroit-area charitable causes, such as a hospital. Today it has billions in assets, hands out half a billion a year, and virtually none of that goes to Detroit causes. The last family member resigned from the board decades ago in disgust, and it's now run out of headquarters in New York City by what can be described as professional foundation administrators.

[Via Instapundit]

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