# Paris' loss is charity's gain

- Link: https://fundraising.co.uk/2007/12/27/paris039-loss-charity039s-gain/
- Published: 2007-12-27T12:46:47+00:00
- Author: Howard Lake

The [BBC reports](http://news.bbc.co.uk/1/hi/business/7161358.stm) that 80-year-
old hotel magnate Barron Hilton is to donate 97% of his $2.3 billion (£1.2 billion)
fortune, to the Conrad N Hilton Foundation which was established by his father.

As a result it looks like his grand-daughter Paris is likely to enjoy a much reduced
inheritance.

Hilton has begun by contributing approximately $1.2 billion of proceeds from the
sale of Hilton Hotels Corporation and the pending sale of Harrah’s Entertainment
into a charitable remainder unitrust that will eventually benefit the foundation.

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The Conrad N. Hilton Humanitarian Prize, now in its 12th year, is the largest humanitarian
award in the world at $1.5 million and is given annually to a charitable organization
that is doing extraordinary work in relieving suffering.

www.hiltonfoundation.org

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