The William, Jeff and Jennifer Gross Family Foundation

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The William, Jeff and Jennifer Gross Family Foundation donates $50K to Laguna Food Pantry

The William, Jeff and Jennifer Gross Family Foundation, the charity founded by retired financial asset manager Bill Gross and his son and daughter, has donated a $50,000 emergency grant to the Laguna Food Pantry. 

The donation will assist the organization in its efforts to provide food to the dramatic surge in the number of South Orange County’s newly unemployed, food-insecure seniors, low-income families with children, disabled and sheltering veterans, and homeless men and women seeking help during this extraordinarily difficult time.

“Jeff, Jennifer and I greatly appreciate the work being done by the Laguna Food Pantry and its volunteers to bring nutritious food to our community during this crisis,” said Bill Gross, the co-founder of the Newport Beach-based PIMCO asset management firm and a longtime resident of Orange County. “Anne Belyea and her team deserve to be recognized for their tireless commitment to serving those in need.”

Bill Gross’ foundation contributes $1.5m to coronavirus relief

Retired bond manager’s family organisation announces measures to aid South Californian communities.

by CHRIS SLOLEY

The charitable foundation set up by former Pimco founder Bill Gross has donated $1.5m to charities and organisations fighting the ill effects of coronavirus in Southern California.

The William, Jeff and Jennifer Gross Family Foundation, which was established by Gross and his son and daughter, will allocate funds for food banks, care funds, kitchens and community groups. 

Read the full article here.

Fundsters Donate Millions to Coronavirus Crisis Relief

Fundsters are contributing millions of dollars to coronavirus relief efforts.

BlackRock, the world’s largest asset manager (by AUM), is committing $50 million to efforts related to the COVID-19 pandemic, supporting food banks and community organizations in American and Europe, Reuters reports. The $18-million first tranche of that funding has already been sent out.

“Our food bank partners tell us that they’re already struggling with declining volunteer numbers and retail donations, compelling them in real time to redesign their operating model,” the BlackRock team tells Reuters.

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Hawaii Hospital Gets Near $3M Donation for Facility Upgrades

A Hawaii hospital has received a donation of $2.75 million toward its emergency department and trauma fundraising campaign.

By Associated Press

LIHUE, Hawaii (AP) — A Hawaii hospital has received a donation of $2.75 million toward its emergency department and trauma fundraising campaign.

Husband and wife Peter Stengaard and Jennifer Gross donated to the Wilcox Medical Center in Lihue, one of three hospitals on Kauai, The Garden Island reported Tuesday.

“A little goes a long way here. It’s critical to find spots where more money can amount to so much more than its initial worth,” said Stengaard, a part-time resident on the island.

The family is committed to investing in the community and supports humanitarian efforts, education and healthcare through their William, Jeff and Jennifer Gross Family Foundation, which donated $19.5 million in 2019 to 45 nonprofits worldwide, Stengaard said.

Read the article here.