ALBUQUERQUE, N.M. — Eighteen years after he died, Bill Daniels’ impact still reverberates around New Mexico.
The Daniels Fund – established with more than $1 billion from the cable TV tycoon’s estate – has distributed more than $100 million worth of grants and scholarships in New Mexico, according to Linda Childears, its president and CEO.
That’s among the more than $750 million the private foundation has distributed since his 2000 passing.
“That is amazing to me,” said Childears, speaking to local business leaders Wednesday morning at the Albuquerque Economic Forum breakfast.
The fund concentrates its activity in the Western states where Daniels had strong connections: Colorado, New Mexico, Utah and Wyoming. A Colorado native, Daniels attended the New Mexico Military Institute, and had significant business dealings in Wyoming and Utah.
The foundation devotes 30 percent of its allocations to scholarships; the remaining 70 percent helps fund various programs through grants.