May 7, 2009

First Round of Grants From Helmsley Fund Signals Focus on People, Not Animals

By Maria Di Mento

The trustees of the Leona M. and Harry B. Helmsley Charitable Trust have announced the recipients of $136-million in the foundation's first round of grants. The foundation, created by the will of the billionaire hotel mogul, is widely expected to become one of the wealthiest in the United States once Ms. Helmsley's estate is settled.

The awarding of the gifts showed that the foundation does not intend to strictly follow Ms. Helmsley's desire to put most of the money into charities

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