Cable television pioneer Bill Daniels has left his entire $1.3 billion estate to help students, the poor, the elderly, the disabled, children and amateur athletes, the Associated Press reported June 22.
Daniels, who had no children, died March 7 at the age of 79.
The Denver-based Daniels Fund has already received $200 million from the estate, president Phil Hogue told AP. Charities in Wyoming, Colorado, New Mexico and Utah will receive the interest from investing that money, which Hogue estimates at up to $5 million a year.
Daniels wanted 30 percent of the fund’s proceeds to go to scholarships for students from families earning less than $40,000 a year.
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