The Chronicle of Philanthropy

Planned Bank Merger Could Establish Big Family Fund

By Maria Di Mento

A bank merger could lead to the creation of one of the nation's biggest family foundations.

The couple who serve as chief executives of Golden West Financial Corporation, Marion O. Sandler and her husband, Herbert M. Sandler, plan to give some $2- billion to their foundation after selling approximately 30 million shares of Golden West stock...

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