KIRK DOUGLAS was worth $61 million when he died earlier this month, and $50 million of that is going into the Douglas Foundation, with the purpose of, quote, "[helping] those who cannot otherwise help themselves."

Beneficiaries will include a scholarship for minority and underprivileged students at St. Lawrence University, and the Children's Hospital of Los Angeles.

There's no word where the other $11 million is going, but obviously Michael doesn't need it.  Kirk is also survived by his wife Anne and two other sons, Joel and Peter.