Foundation Abuse?

In After Donor Dies, Battle Erupts Over Fund’s Vision and Venue, Wall Street Journal, Feb. 16, 2005, Stephanie Strom explains the fascinating case of multimillionaire Dan Maddox.  A foundation he created may have misspent and mismanaged the property by buying sports teams and paying for chartered plane trips.

Special thanks to Robert Schwartz for bringing this article to my attention.