Abandoned Shipwrecks Act particular case of the salvage of the "Nuestra Señora de Atocha", an historic and culturally significant wreck off the coast of Florida, in which the State of Florida was unable to prevent illegal salvage operations due to a lack of a suitable law that would disallow it, spurred action at the federal level to address the situation. On April 29, 1988, President Ronald Reagan signed the bill (Abandoned Shipwrecks Act of 1987, Pub. L. 100-298, 102 Stat. 432) into law. The law provides that any wreck that lies embedded in a state's submerged lands is property of that state and
Benwood Foundation Benwood Foundation The Benwood Foundation is a charitable foundation created in 1944 by George Hunter in honor of his uncle, Benjamin Thomas who pioneered the Coca-Cola bottling industry and founded the Coca-Cola Bottling Company. George Hunter was the heir of Benjamin Thomas, and much of the wealth related to the Coca-Cola Bottling Company passed on to the Foundation. As of 2004 The Benwood Foundation distributes between $4 and $5 million annually in grants and donations. Upon George Hunter's death in 1950, 70 percent of the Coca-Cola Bottling Company stock went to the Foundation. This led to a probate law precedent-setting