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The private museum had existed in another locale in central Oslo since 1993, financed by foundations set up by descendants of the Fearnley shipping family.
In 2006, Buffett vowed to donate 85% of his wealth to the Bill & Melinda Gates Foundation, as well as other foundations set up by family members.
Both groups were dominated by foundations set up during the last 20 years and whose founder was still alive, rather than a situation where heirs were wrestling with how to carry out a relative's wishes.
The trust is one of a dozen different foundations set up by the Scottish/American philanthropist, who died in 1919 after endowing 2,509 libraries and 7,689 church organs round the English-speaking world.
Hutchinson says initial investors include three foundations set up by wealthy individuals, who have never invested in criminal justice before, but who are keen to see the social return as well as the financial, including the Johansson Family Foundation.
Both the corporate and the family foundations set up by Michael and Susan Dell plan to continue the same rate of giving, even as the stock price of Dell has plunged.
Similar(41)
The works belong to a foundation set up by Stark.
The foundation set up group homes in the Atlanta area.
The foundation set up in the wake of the Climbié case called for a full inquiry.
In 1977, a non-profit foundation set up by Mohn took over 77% of Bertelsmann shares.
But they can give whatever they like to the foundation set up by his wife months after he took office.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com