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 to a charitable remainder unitrust which names the foundation as the remainder beneficiary. The foundation's assets, as of September 2019, were approximately $2.9 billion and had increased to $6.3 billion due to Barron Hilton's passing. Since inception, the foundation has awarded more than $1.7 billion in grants. Currently more than 50% supports international charitable projects. According to the OECD, the foundation's financing for 2019 development decreased by 11% to US$42.3 million. More information...
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