Simplify the following text for a Grade 7 native English-speaking person.
Original: After receiving the news of the important award , Yunus announced that he would use part of his share of the $ 1.4 million award money to create a company to make low-cost , high-nutrition food for the poor ; while the rest would go toward setting up an eye hospital for the poor in Bangladesh .
Simplified: After being told of the important award , Yunus said that he would use part of his share of the $ 1.4 million award money to create a company that makes good food that the poor can afford and the rest would go toward starting an eye hospital for the poor in Bangladesh .