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Director Peder Hiort died a rich man. He had no direct descendants. In his will he therefore decided that his fortune of 30,000 riksdaler should be the starting capital of a foundation with the aim of furthering arts and crafts, home industry, and other useful employment measures to improve the population's industry and standard of living. The foundation he established in 1788 is still running. Peder Hiort built his own chapel by the church and lies embalmed in the cellar, together with his family, wearing his full mining uniform.