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VICTORVILLE, Calif. – An 86-year-old man is making a big difference in the lives of eight high school students with big dreams for their future.

Dale Stoner spent most of his life working and made most of his money in real estate, KCBS reports.

Now that his kids are grown and don’t need anything from him, he wants to help other kids have a brighter future.

“To me, it’s all very simple,” said Stoner. “The money is here. There is no need on my side, my kids, so I said, ‘Swell!'”

Stoner didn’t have any particular kids in mind, so he called Valerie Hatcher, principal at University Prep.

“We talked with our counseling office and two counselors and our leadership team, and they pulled two names, and they said that these two kids are deserving,” Hatcher told KCBS.

Ronaldo Lopex will be heading to Cal State Fullerton in the fall. Tonantcy Varga will be heading to Cal Poly Pomona.

“I was so shocked at the moment that I just started crying,” said Varga.

Stoner hopes his story will inspire others to pay it forward.