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Best Answer: Charles and David Koch own Koch industries and they are oil men. Their father, Fred started it as an oil refining company. The sons inherited it and together own over 80% of the company, therefore there is no board of trustees with any kind of executive power, it is all in the hands of the brothers.
Ties to the Koch Brothers. The Heritage Foundation has received funding from organizations with connections to the Koch brothers. In 2012, the Heritage Foundation received $650,000 from the Claude R. Lambe Foundation, which was one of the Koch Family Foundations before it closed in 2013. The Lambe Foundation contributed at least $4.8 million to the Heritage Foundation between 1998 and 2012. In recent years, the Heritage Foundation has also received funding from Donors Trust and Donors Capital Fund, including $53,300 in 2010 and $69,850 in 2012.