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Former Disney executive Michael Eisner's foundation creates $100,000 intergenerational award
LOS ANGELES (AP) ' He made a small fortune, and then some, crafting entertainment baby boomers couldn't get enough of.
Now that that audience is getting old, former Walt Disney CEO Michael Eisner is giving some of it back to them.
The Eisner Foundation, created by the former Mouse House executive and his family 15 years ago, has established an annual Eisner Prize for Intergenerational Excellence.
It includes a $100,000 cash award to the individual or nonprofit organization it deems is doing the best work to help senior citizens and young people help each other.
The first recipient, the Intergenerational Center at Temple University, is to receive the award from Eisner later this month at the Grantmakers in Aging conference in McLean, Va.
The foundation annually allocates about $7.5 million to Los Angeles-area nonprofits.