July 15, 1999
2 Philanthropies Merge to Trim Overhead Costs
The Rockefeller Brothers Fund, one of the nation's 100 wealthiest foundations, has merged with the Charles E. Culpeper Foundation -- a move that some say could lead other foundations to consider similar alliances.
The merger took effect July 1. The new entity, worth about $670-million, is operating under the name Rockefeller Brothers Fund but will continue to use the Culpeper name for some grant-making programs. Culpeper's operations, which were based in
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