Although the stock market overall enjoyed a stellar 1999, attentive investors know that the broad gains in the market masked the fact that many individual stocks performed poorly. Now, one of those laggards, the grocery store chain Albertson's Inc., has claimed a victim: school funding.

Albertson's, the second-largest grocery store chain in the United States, accounts for nearly all of endowment of the J.A. & Kathryn Albertson Foundation. This 34-year-old foundation focuses its giving on...

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