August 3, 2006

Governing From Afar

By Darlene M. Siska

Family funds face hurdles as trustees move away

Last year, Amy Bishop, 22, joined the board of the A. Lindsay and Olive B. O'Connor Foundation, part of the fourth generation of her family to help guide the institution.

But as the foundation — started by her great-great-uncle, a state Supreme Court judge and an early investor in IBM, and his wife — draws Ms. Bishop's generation into its fold, it faces a challenge common to a number of families today: Many

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