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Nurturing the Next Generation
Family foundations devise ways to prepare heirs for board serviceBy Darlene M. Siska
Owen Knott grew up expecting to serve as a trustee of his family's foundation -- an obligation for those who, like him, are descended from grant makers. But around the time Mr. Knott reached adulthood, that seat became not a birthright, but a position that could only be earned.
Unlike most family...