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Resource ID: #12771
Subject: Nonprofits
Source: Honolulu Advertiser
Date: 1995-02-26



The Advertiser finds that Bishop Estate, Hawaii's largest private landowner and one of the largest charities in the world, invested over $100 million in 2 Texas energy ventures now mired in federal bankruptcy actions. The five estate trustees paid $915,000 each each last year, all invested personal funds in one of the Texas deals, as did most senior estate staff, raising serious conflicts of interest questions. (Feb. 26 - April 30, 1995)

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