AGOURA HILLS, Calif., Nov. 6, 2012 /PRNewswire-USNewswire/ -- The Conrad N. Hilton Foundation has formally moved into its new campus in Agoura Hills, California. The structure has been carefully designed as a cutting-edge, environmentally sensitive and energy-efficient building to meet Platinum LEED-certified green standards.
In 2007, the Foundation's board of directors decided in favor of building a permanent home for the organization to continue carrying out Conrad Hilton's legacy for generations to come. The Conrad N. Hilton Foundation is a family foundation established in 1944 by the man who started Hilton Hotels, which provides funds to nonprofit organizations working to improve the lives of disadvantaged and vulnerable people throughout the world.
"This new home in Agoura Hills will prepare the Hilton Foundation for the time it will double in size and staff," said Hilton Foundation President and CEO, Steven M. Hilton. "My father, Barron Hilton, has pledged his intent to follow in the footsteps of his father, Conrad Hilton, and contribute 97% of his entire net worth at the time of his passing. This building is the first phase of a four-phase campus that will allow us to grow accordingly into the future."
Agoura Hills is located in Los Angeles County, California, approximately 30 miles (48 km) northwest of downtown Los Angeles. It is situated in the eastern Conejo Valley between the Simi Hills and the Santa Monica Mountains.
About the Conrad N. Hilton Foundation
The Conrad N. Hilton Foundation was created in 1944 by international business pioneer Conrad N. Hilton, who founded Hilton Hotels and left his fortune to help the world's disadvantaged and vulnerable people. The Foundation currently conducts strategic initiatives in six priority areas: providing safe water, ending chronic homelessness, preventing substance abuse, helping children affected by HIV and AIDS, supporting transition-age youth in foster care, and extending Conrad Hilton's support for the work of Catholic Sisters. Following selection by an independent international jury, the Foundation annually awards the $1.5 million Conrad N. Hilton Humanitarian Prize to a nonprofit organization doing extraordinary work to reduce human suffering. From its inception, the Foundation has awarded more than $1 billion in grants, distributing $82 million in the U.S. and around the world in 2011. The Foundation's current assets are approximately $2 billion. For more information, please visit www.hiltonfoundation.org.
Contact: Marc Moorghen
SOURCE Conrad N. Hilton Foundation