Trump is the beneficiary of several trust funds set up by his father and paternal grandmother beginning in 1949.[81] In 1976, Fred Trump set up trust funds of $1 million for each of his five children and three grandchildren ($4.3 million in 2017 dollars). Donald Trump received annual payments from his trust fund, for example, $90,000 in 1980 and $214,605 in 1981.[81] By 1993, when Trump took two loans totaling $30 million from his siblings, their anticipated shares of Fred's estate amounted to $35 million each.[82][81] Upon Fred Trump's death in 1999, his will divided $20 million after taxes among his surviving children.[81][83][84]