The Evjue Foundation
Following the death of its founder, William T. Evjue, in 1970, his controlling interest in The Capital Times Company was transferred to The Evjue Foundation, established a few years earlier to make small donations to worthy causes.
As explained in a section of The Capital Times' website devoted to the Foundation's history, proceeds from Evjue's bequest
must go to organizations that best exemplify the beliefs that he championed during his lifetime, causes that could improve the quality of life for all the people in the Dane County area.
Accordingly, this bequest (initially valued at $13,450) makes the Evjue Foundation the majority shareholder of The Capital Times Company, in addition to being co-owner of Capital Newspapers.
As of 28 February 2005, the Foundation's assets totaled $24,501,817, with $2,296,514 available for grants.
Read more about this topic: The Capital Times
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