News and analysis
July 24, 2011

Most of America’s 50 Richest Funds Pay Their Board Members

Paul Steiger, one of 14 trustees at the John S. and James L. Knight Foundation, was compensated $28,800.

When James Buchanan Duke signed his name to the document that would create the Duke Endowment in 1924, the tobacco and hydroelectric-power tycoon gave clear instructions that are still followed nearly 90 years later. The fund continues to have 15…

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