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Editorial: Marin Community Foundation Changes Reflect Next Steps in Philanthropic Legacy
Foundation: Marin Community Foundation
In 1987, a couple in Marin County, Calif., left $1 billion to the Buck Trust, a charity that has since grown to more than $1 billion.
But the couple's wishes weren't exactly spelled out in the wills.
The Marin Community Foundation was formed to fulfill the Buck's "Marin-only" rule, which was meant to ensure that the needs of the community were met in the event of a disaster, the Marin Independent Journal reports.
Now, the foundation's president and CEO, Rhea Suh, has announced that the Buck Trust is being dissolved and consolidated with the foundation's board, the San Francisco Chronicle reports.
The foundation's new focus will be on issues related to homelessness, affordable housing, climate justice, and minority-owned businesses.
"We should note that the IJ has received its backing, helping underwrite several of our initiatives for building community support of local nonprofits and their important work, and our public awareness campaigns focusing on minority-owned businesses and fentanyl," Suh says in a statement.
The foundation's board, which had been comprised of three members from the Buck family, the University of California, and two from Marin County, will now be comprised of 11 members.
Suh, who took over as president
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