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With his business acumen, Barron Hilton helped grow his father’s 1979 bequest of $160 million in Hilton stock into an endowment of more than $2.9 billion to support the philanthropic work of the Conrad N. Hilton Foundation.
Mar 3, 2020 · In 1979, at the age of 91, Conrad Hilton died of natural causes, leaving $10,000 each to his nephews, nieces, and daughter, and $500,000 to his two siblings. The remainder of the estate was bequeathed to the Conrad N. Hilton Foundation, which he had founded in 1944.
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Hilton received 4 million shares, the Conrad N. Hilton Foundation received 3.5 million shares, and the remaining 6 million shares were placed in the W. Barron Hilton Charitable remainder unitrust, of which Barron was the executor. He received 60 percent of the unitrust income, and the foundation 40 percent, during his lifetime, then the fund ...
Barron Hilton’s father, Conrad Hilton, purchased his first hotel in Cisco, Texas, during the 1919 oil boom. Thirty years later, his acquisition of the famed Waldorf Astoria hotel in New York City made national headlines.
Dec 20, 2019 · In 2007, Conrad’s son Barron Hilton joined the Giving Pledge and announced that, like his father before him, he intended to commit 97% of his wealth to the work of the Hilton Foundation. When Barron passed away just three months ago in September 2019, his gift increased the endowment from $2.9 billion to $6.3 billion and made him the ...
Dec 27, 2007 · The contribution to the Conrad N. Hilton Foundation, to come from the sale of Hilton Hotels Corp. and the pending sale of Harrah’s Entertainment Inc. after the money is placed in...
