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Donors Set Up Grant-Making Groups, Then Borrow Back Their Gifts
By Harvy Lipman and Grant Williams
In 1998, the Muralt family of Missoula, Mont., started the Muralt Family Foundation to provide funds for a local children's shelter.
Walter R. Muralt, and his father, Gary D. Muralt, owners of a highly successful truck-stop business, donated $1.4-million to their foundation over the next five years, taking...