Luce met his first wife, Lila Hotz, while he was studying at Yale in 1919. They married in 1923 and had two children, Peter Paul and Henry Luce III, before divorcing in 1935. In 1935 he married his second wife, Clare Boothe Luce, who had an 11-year-old daughter, Ann Clare Brokaw, whom he raised as his own. He died in Phoenix, Arizona in 1967. At his death, he was said to be worth $100 million in Time Inc. stock. Most of his fortune went to the Henry Luce Foundation, where his son Henry III served as chairman and chief executive for many years. During his life, Luce supported many philanthropies such as Save the Children Federation, the Metropolitan Museum of Art and United Service to China, Inc. He is interred at Mepkin Plantation in South Carolina.