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The Park Foundation was formed in 1966. Its original focus was on education and grant-making in communities where Park Communications had interests. When he died in 1993, Mr. Park bequeathed more than 70% of his holdings to the Foundation. The Foundation is dedicated to the aid and support of education, public broadcasting, environment, and other selected areas of interest to the Park family. Scholarship programs have been established in Mr. Park’s name at the two institutions with which he was so close — Ithaca College and North Carolina State University. The two scholarship programs emphasize academic excellence, leadership, and community service — in keeping with Mr. Park's values. Public broadcasting is a particularly meaningful recipient of funding because the Foundation had its origin in the world of communications. More recently, the Foundation's interest in environmental causes has been refined to focus on issues of freshwater, particularly in the eastern United States.