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Laguna Beach

 Volume 11, Issue 100  | December 13, 2019


The Gross Family Foundation donates $19.5 million to OC and global nonprofits in 2019

The William, Jeff and Jennifer Gross Family Foundation, the charity founded by Laguna Beach resident Bill Gross and his son and daughter, announced yesterday that it donated a total of $19,500,000 to 45 nonprofits in 2019, including $2 million to the CHOC Foundation in Orange, and $1 million to Harbor Day School in Corona del Mar.

Other local recipients of donations include community services providers such as the Boys & Girls Club of Laguna Beach, the Laguna Beach Community Clinic, the Laguna Food Pantry, and the Laguna Beach Senior Center.

“I am pleased to work with Jennifer and Jeff and to identify and support the meaningful and important work of organizations that benefit local and global communities,” said Mr. Gross, the co-founder of PIMCO and a longtime resident of Orange County. “While I previously measured success by business accomplishments, success is now a function of what we can do to benefit and help others around the world.”

The Gross closeup

Click on photo for a larger image

Photo by Mary Hurlbut

Bill Gross

Many of the Gross Family Foundation’s donations continue a tradition of supporting global causes ranging from the Wilcox Health Foundation of Kauai, Hawaii, to Doctors Without Borders in New York City. Other causes include the promotion of practical solutions for sustainable development (the UN Sustainable Development Solutions Network), healthcare in the Carolinas (Atrium Health Foundation), and an effort to end life-threatening hunger in 47 countries (Action Against Hunger).

But the local focus of the Gross Family Foundation remains in Orange County, where Mr. Gross co-founded the Pacific Investment Management Company (PIMCO) asset management giant and has lived for most of his adult life. Categories of recipients include the arts and education (Art & Creativity for Healing Inc., Child Creativity Lab, Friends of the Laguna Beach Library, Laguna Radio Inc., No Square Theater); the environment (Ocean Institute, Pacific Marine Mammal Center); and community and support services (Anaheim Community Foundation, Friendship Shelter, Glennwood Housing Foundation, Laura’s House, Sally’s Fund, Seaside Legal Services).

These contributions support Bill, Jeff and Jennifer Gross’s longstanding commitment to provide financial resources to organizations that provide a direct benefit to the communities in which they serve. Mr. Gross has previously announced he is also donating all proceeds from past and upcoming auctions of his world-renowned stamp collection to charity.

 

Shaena Stabler is the Owner, Publisher & Editor.

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Alexis Amaradio, Barbara Diamond, Dennis McTighe, Diane Armitage, Lynette Brasfield, Marrie Stone, Maggi Henrikson, Samantha Washer, and Suzie Harrison are our writers and/or columnists. Scott Brashier is our photographer.

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