Richard and Rhoda Goldman Fund gets split 3 ways

The Richard and Rhoda Goldman Fund, which has assets of about $280 million, is being broken into thirds and dished out to the foundations of each of the offspring.

The handover won't happen for nearly two years, and in the meantime the 60-year-old foundation will continue to hand out grants, said fund Executive Director Amy Lyons.

Then, on Dec. 31, 2012, the fund will shut its doors and the existing foundations of John and Douglas Goldman and their sister, Susan Gelman, will receive whatever assets are in the fund's pot.