According to the Associated Press, Michael and Marianne Madoff plan to use the money from their son’s wrongful death settlement to benefit others.
“The parents of a New York teen swept out to sea during a Hawaii hiking and kayaking tour plan to use the money from settling their wrongful death lawsuit to fund first responders who helped search for the boy.”
Honolulu attorneys representing the Madoff family announced that Tyler Madoff’s parents “Plan substantial endowments for the Hawaii County Fire Department and the Visitor Aloha Society of Hawaii.”
“On July 4, 2012, 15-year-old Tyler Madoff was swept out to sea after receding waves dragged him out of a tide pool at Kealakekua Bay State Park.”
Hawaii County Fire Department rescue crews searched for the teen for seven days.
“The Hawaii County Fire Department understood that these were parents desperately needed to recover the body of their 15-year-old boy,” said Loretta Sheehan, attorney for the Madoff family.
Although their son’s body was not recovered, “Michael and Marianne Madoff held a press briefing Sunday thanking the emergency responders, volunteers, and people of Hawaii Island for their support and kindness.”
Family attorney, Loretta Sheehan announced that Michael and Marianne Madoff “Want to show gratitude and to find a way to make the teen tour industry safer.”
Mr. and Mrs. Madoff also plan to endow the crew team at Scarsdale High School where Tyler’s crew teammates and other fellow students remember him as a close friend and star athlete.