Hilton Foundation Awards $875,000 to Address Homelessness in Los Angeles and Fund Research to Improve Lives of Foster Care Youth

Based in Los Angeles, the Hilton Foundation was created in 1944 by the late hotel entrepreneur and business leader, Conrad N. Hilton, who left his fortune to the foundation when he died in 1979 with instructions to help the most disadvantaged and vulnerable throughout the world without regard to religion, ethnicity or geography. Barron Hilton, who also led Hilton Hotels Corporation and is current chairman of the foundation, has joined his father in committing to leave the bulk of his wealth to the foundation. Since its inception, the foundation, along with its related entities, has committed more than $800 million for charitable projects throughout the world.