- Associated Press - Thursday, February 6, 2014

HONOLULU (AP) - The parents of a New York teen swept out to sea during a Hawaii hiking and kayaking tour plan to use money from settling their wrongful death lawsuit to fund first responders who helped search for the boy.

Honolulu lawyers representing Tyler Madoff’s family said Thursday his parents plan “substantial” endowments for the Hawaii County Fire Department and the Visitor Aloha Society of Hawaii.

Settlement terms with Bold Earth Teen Adventures and Hawaii Pack and Paddle are sealed.

Attorney Loretta Sheehan says the Madoffs want to show gratitude and to find ways to make the teen tour industry safer. The fire department spent seven days searching for the 15-year-old but wasn’t able to find his body.

The Madoffs also plan to endow the teen’s crew team at Scarsdale High School.

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