Davidson Family Split Over Foundation’s $1b. in Assets
from Crain’s Detroit Business:
A petition to split the $1 billion-plus William Davidson Foundation into two pieces was dismissed by Oakland County Probate Court last week for lack of jurisdiction, but the family differences that led to the request are likely to continue.
The records were sealed, so those involved in the court action weren’t talking, but others with knowledge of the family said tensions have been growing among foundation board members, most of whom are related, since soon after Davidson’s death.
The issue appears to be differing beliefs about who is the keeper of Davidson’s philanthropic vision. During his lifetime, Davidson’s philanthropy was notable for its focus on Israel and other Jewish causes, as well as Michigan-based projects.