 | |
| Founded | 1944 |
|---|---|
| Founder | Conrad Hilton |
| Type | Private foundation (IRS status): 501(c)(3) |
| Purpose | Improving the lives of individuals living in poverty and experiencing disadvantage. |
| Location | |
| Method | Endowment |
Key people | Linda Hilton, chairman of the board Peter Laugharn, president and CEO |
| Endowment | $7.2 billion USD[1] |
| Website | www |
The Conrad N. Hilton Foundation is an American non-profit charitable foundation, established in 1944 by hotel entrepreneur Conrad Hilton. It remained relatively small until his death on January 3, 1979, when it was named the principal beneficiary of his estate. In 2007, Conrad's son, Barron Hilton announced that he would leave about 97% of his fortune[2] to a charitable remainder unitrust which names the foundation as the remainder beneficiary.[2][3]
- ^ "Conrad N. Hilton Foundation Financials and Investments". Conrad N. Hilton Foundation.
- ^ a b "Barron Hilton to Donate 97% of Estate to Hilton Foundation". Planned Giving Design Center, LLC. December 26, 2007. Archived from the original on March 19, 2011. Retrieved April 2, 2011.
- ^ "Hilton fortune to go to charity". BBC News.