Some interesting developments are wafting from the chic-chic digs of the Marin Community Foundation over in Novato. For background, the M.C.F. was set up in 1987 as part of the settlement of a knockdown legal battle over the administration of a $435-million fund known as the Buck Trust, the outgrowth of a bequest by Ross philanthropist Beryl Buck to the people of Marin County.
The Buck Trust today has grown to around $1 billion, constituting…