Bank One Corp. will roll out a technology-based private foundation product Dec. 1 in an effort to bring a tax shelter built for the ultrawealthy to the wealthy.

"We are going to be able to bring private foundations to a much broader audience now," said William Brownson, the Chicago banking company's managing director of philanthropic services. "We are talking about taking foundations from customers with more than seven figures [to invest] to customers with less."

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