Monday, July 10, 2006

Another Large Donation to Charity

The founders of Golden West Financial Corp., which recently announced a merger with the Wachovia Corporation, donated $1.3 billion in stock to charity last month. The charity in this case is unnamed; however, Golden West founders Herbert M. Sandler and Marion O. Sandler, have donated a substantial amount to Human Rights Watch and California's promoters of stem cell research.

The article also states that a Golden West Corp. board member also made a large donation recently. Bernard Osher gave about $470 million to unnamed charities last month.

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