Charitable Trust of Hotel tycoon Barron Hilton

Barron Hilton is the son of the founder of Hilton Group. As early as 2007, Barron announced that he would donate 97% of his net worth of $2.3 billion to charity.

In fact, Barron put this part of his assets into a charitable trust that the family has run for nearly 80 years. Charity is not the core purpose of Barron's donation.

This practice is very common among ultra-high net worth people around the world. Most of the family assets are put into charitable trusts, and the professional team of the trust company conducts orderly investment and operation of the family assets to achieve the purpose of maintaining and increasing the value, and then distributes the income to the beneficiaries according to the contract. Whether the younger generation intends to participate in the family business and whether they have excellent ability, they can enjoy the economic care brought by the family fortune.

The United States and Britain impose high inheritance tax on their heritage, because charitable activities enjoy preferential tax policies, which objectively stimulates many rich people to set up charitable trusts with their heritage, avoiding paying high taxes and fees, and at the same time gaining a good social reputation and stabilizing social influence.

Compared with the inheritance of wealth, huge families prefer to inherit values and family spirit, thus creating a steady stream of new wealth in the new generation. In this respect, charitable trust also has special significance in cultivating the wealth values and social responsibility of the next generation.