Hilton Donates Family Fortune To Charity

Wed, 02 Jan 2008 11:23:54 +0000

Paris Hilton’s paternal grandfather, Barron Hilton, has announced that he will contribute $1.2 billion of the proceeds from the sale of Hilton Hotels Corporation and Harrah’s Entertainment to a unitrust to benefit the Conrad N. Hilton Foundation, a charity established by his father over 60 years ago.

“Speaking for the family as well as the foundation, we are all exceedingly proud and grateful for this extraordinary commitment,” said his son, Steven M. Hilton, President and CEO of the Foundation. “Working to alleviate human suffering around the globe, regardless of race, religion or geography, is the mandate of the foundation set by my grandfather, Conrad Hilton, and now reinforced by my father, Barron Hilton.”

Conrad established his charitable Foundation in 1944, “to relieve the suffering, the distressed, and the destitute” on a global scale. More than half of the grants are given to international initiatives. The Foundation has contributed over $560 million worldwide to date.

Look To The Stars News: The Carter Center

Hilton Donates Family Fortune To Charity