When Beryl Buck died in 1975, leaving no children and an estate of about $10 million, her will stipulated that most of her assets be placed in trust and used "in providing care for the needy" of the county where she and her late husband had lived since 1935. There was some irony in the fact that the county involved happened to be California's Marin, one of the wealthiest in the nation. Local officials, however, were quick to point out that pockets of deserving poverty did exist amid Marin's hot-tubbed sybaritism. But then the trust's sole asset, a 7% stake in...
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