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. Financial information 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. Program areas The foundation's mission is derived from the last will and testament of Conrad Hilton that directs the organization to "relieve the suffering, the distressed, and the destitute." The foundation invests in seven program areas: Catholic sisters, disaster relief and recovery, foster youth, homelessness, hospitality workforce development, safe water, and young children affected by HIV and AIDS. The foundation also supports organizations in four transitioning program areas: avoidable blindness, Catholic education, multiple sclerosis and substance use prevention. Catholic Sisters The Hilton Foundation Catholic Sisters program is focused on recognizing catholic sisters as leaders in the human development field by supporting organizations and congregations in the United States and Africa. Disaster Relief and Recovery The Disaster Relief and Recovery program supports communities to prepare for disasters and provide long-lasting solution towards long-term recovery. Foster Youth This program works with nonprofit organizations in the Los Angeles and New York to provide assistance to transition age youth ages 16–24 as they age out of the foster care system. Homelessness The foundation partners with organizations in Los Angeles County to build permanent supportive housing for individuals experiencing chronic homelessness. Hospitality Workforce Development This program area works with organizations in New Orleans to provide pathways for young people towards a career in the hospitality industry. Safe Water Working with international nonprofits and government agencies in Burkina Faso, Ethiopia, Ghana, Mali, Niger and Uganda to build water systems. Young Children Affected by HIV and AIDS The program focuses on early childhood development globally and partners with international and local NGOs working in HIV prevalent communities in Kenya, Malawi, Mozambique, Tanzania and Zambia. Transitioning Programs The Hilton