News

NEWS PROVIDED BY The William, Jeff & Jennifer Gross Family Foundation 

Jan 17, 2023, 13:00 ET

Recipients Include Orange County, National and International Organizations

LAGUNA BEACH, Calif., Jan. 17, 2023 /PRNewswire/ — The William, Jeff & Jennifer Gross Family Foundation, the charity founded by renowned investor and philanthropist Bill Gross and his son and daughter, announced that it donated a total of $22,725,000 to 58 local and global non-profits in 2022, the most ever donated in a single year by a Bill Gross foundation. Recipients included Mercy Ships, Doctors Without Borders, African Women Rising, Atrium Health Sanger Heart & Vascular Institute, and several other Orange County, national and international recipients.

The Gross Family Foundation’s donations support five general categories of organizations that directly impact the people and communities in which they serve, whether locally in California, or around the world in developing nations: healthcare; education and the arts; global development and humanitarian relief; the environment; and community support.

“Jennifer, Jeff and I are pleased to donate to organizations helping people during these extraordinarily challenging times,” said Mr. Gross, a philanthropist, author and the co-founder of Newport Beach-based, bond asset manager PIMCO. “Between inflation and the lingering effects of Covid, people are struggling to meet basic needs and support their families. Many of these organizations are essential to providing relief to those in need, while also nourishing their souls in other ways.”

In additional to several repeat recipients, new organizations that received donations from the Gross Family Foundation include:

• The Wooden Floor of Santa Ana, with a mission to inspire and transform the lives of young people through the power of dance and access to higher education. https://thewoodenfloor.org/
• Roof Above of Charlotte, NC, an interfaith nonprofit and comprehensive homeless service provider serving 1,200 people per day through a spectrum of services ranging from street outreach, day services, emergency shelter, and permanent supportive housing. https://www.roofabove.org/
• Grey Stone Church House of Hope, offering a “home away from home” and Christ-like compassion for seriously ill patients and their families who live more than 50 miles away from Duke Medical Center in Durham, NC. https://www.greystonechurch.com/houseofhope
• The Environmental Media Association of Toluca Lake, CA, which serves as a valuable link between the world of media and the environmental community, working to bring the planet’s most pressing issues to the forefront and make true change by inspiring millions of people across the globe to live sustainable lifestyles and use their voice to help the planet. https://www.green4ema.org/
• Ear Community of Broomfield, CO, assisting children and adults who are born with Microtia and Atresia (when someone is born missing one or both of their ears and has no ear canal(s) resulting in hearing loss) https://earcommunity.org/

While at PIMCO Mr. Gross established the PIMCO Foundation, which has since expanded to three global PIMCO Foundations that have granted more than $49 million to support nonprofit organizations worldwide. Overseen by executives of the $1.74 trillion-asset PIMCO, the PIMCO Foundation has assets of $123.8 million, compared to more than $450 million in the Gross Family Foundation, which has annually donated $17 million to more than $22 million since its founding in 2018. Mr. Gross is a signatory to the Giving Pledge, a global, multi-generational commitment by some of the world’s wealthiest individuals and couples to give a majority of their wealth to philanthropy or charitable causes, either during their lifetimes or in their wills.

The following non-profits received donations of more than $1 million from the William, Jeff & Jennifer Gross Family Foundation in 2022:

Mercy Ships $3,000,000 
Doctors Without Borders $3,000,000 
Atrium Health Sanger Heart & Vascular Institute $2,000,000
Children’s Health of Orange County Pediatric Mental Health Services $2,000,000
VII Foundation $1,470,000
Environmental Media Association $1,200,000
Orange County Teachers of the Year $1,000,000
UN Sustainable Development Solutions Network $1,000,000
Kaulu I Ka Pono Academy $1,000,000

Other recipients of donations included:

Action Against Hunger 
UCI Foundation – Donald Bren School of Information and Computer Sciences
Lestonnac Free Clinic
Anaheim Health Fair
Department of Neurology at the University of Miami Miller School of Medicine
Unlimited Possibilities
The Salvation Army
American Family Housing
Engineers Without Borders USA
School on Wheels
The Health Wagon
Laguna Beach Community Clinic
Laguna Beach Senior Center
KX FM Radio
Pacific Marine Mammal Center
Laguna Food Pantry
Laguna Beach Festival of Arts
Boys & Girls Club of Laguna Beach
Doug Pensinger Photography Fund
Court Appointed Special Advocates (CASA) of Orange County
Child Creativity Lab
Boys & Girls Clubs of Central Orange Coast
The Gray Academy
Foster Village
Loaves & Fishes
Tufts University
Kauai Community Health Alliance
African Women Rising
US Coalition on Sustainability
Think Equal
Open Roads Academy, Inc
Creative Visions Foundation
Duke University
University of Hawaii Wai’ale’ale Project
Kaua`i Humane Society
Kauai Community Cat Project
University of Massachusetts Foundation
Grammy Museum
Leukemia & Lymphoma Society
MusiCares
National Domestic Workers Alliance
Advancing Girls’ Education in Africa

For more information about the William, Jeff & Jennifer Gross Family Foundation, please visit https://grossfamilyfoundation.com/. For additional information about Bill Gross, visit https://williamhgross.com/.

SOURCE The William, Jeff & Jennifer Gross Family Foundation

• By Stu News Laguna

The Festival of Arts, KX FM Radio and Boys & Girls Club of Laguna Beach were among the recipients of donations in 2022 from the William, Jeff & Jennifer Gross Family Foundation, the Laguna Beach-based foundation founded by resident philanthropist and investor, Bill Gross, and his son and daughter. The foundation donated a total of $22,725,000 to 58 local, national and international non-profits in 2022, the most ever donated in a single year by a Bill Gross foundation.

“Laguna Beach has always been special to my family and myself, and we are pleased to support the arts, education and those in need in the community,” said Gross, who also spends time in homes in Newport Beach and Indian Wells. “This is our way of giving back to a place that has given us so much in return.”

Click on photo for a larger image

Photo by Mary Hurlbut

Bill Gross

Other Laguna Beach recipients of donations include Laguna Beach Community Clinic, the Pacific Marine Mammal Center, Laguna Food Pantry and Laguna Beach Seniors at the Susi Q. 

Much of the focus of the Gross Family Foundation remains in Orange County, where Gross co-founded the Pacific Investment Management Company (PIMCO) asset management giant of Newport Beach and has lived for most of his adult life. Within Orange County, the Gross Family Foundation continued its support of the Orange County Teachers of the Year program, which Gross has sponsored since 1992, with a $1 million donation. Children’s Health of Orange County Pediatric Mental Health Services received $2 million.

Additional donations to Orange County organizations went to the UCI Foundation – Donald Bren School of Information and Computer Sciences, Lestonnac Free Clinic of Orange, Anaheim Health Fair, the Wooden Floor of Santa Ana, Court Appointed Special Advocates (CASA) of Orange County and Boys & Girls Clubs of Central Orange Coast.

Click on photo for a larger image

Submitted photo

Gross family wedding photo from 2021 with Bill Gross (third from left), son Jeff (back row left), daughter Jennifer (second from right) and their spouses and children

With more than $450 million in assets, the Gross Family Foundation ranks as one of the largest private foundations in Orange County, far surpassing even the PIMCO Foundation, which Gross established as PIMCO’s chief investment officer. He is a signatory to the Giving Pledge, a global, multi-generational commitment by some of the world’s wealthiest individuals and couples to give a majority of their wealth to philanthropy or charitable causes, either during their lifetimes, or in their wills.

For more information about the William, Jeff & Jennifer Gross Family Foundation, visit https://grossfamilyfoundation.com/. For additional information about Bill Gross, visit https://williamhgross.com/.

January 17, 2023 By Melissa Tumblin

A special thank you to the William, Jeff and Jennifer Gross Family Foundation for it’s amazing support to the Ear Community Organization!

I would like to share about a miracle that recently happened to our Ear Community Organization in December. Many know how much Ear Community means to me, as the Founder, but also to my family and to the Microtia and Aural Atresia community. It has become my calling and my passion since 2010 and has grown from advocating for and helping my own daughter, Ally, to helping thousands of children and adults and their families all over the world who have Microtia and Atresia. As a grassroots nonprofit, we don’t have a lot of funding and I wear all of the hats the large nonprofits wear, but I do not have a staff to help get everything done. Each year, I struggle to keep Ear Community’s doors open, worrying about funding, finding donors and when the year will come that I cannot keep up with everything and will have to go back to work. I have slowly been running out of steam and really beginning to struggle with keeping up with everything that needs to be done, including giving my family the attention they need and deserve. Even my health was beginning to be affected.

At my Maryland picnic last summer, I had a bit of an emotional breakdown feeling completely overwhelmed and not feeling as though I could keep Ear Community going without the help and support I was in need of. Feeling worn down at my event- I fell apart a little. I literally sobbed during my “thank you” to the families and professionals who attended. I said “I don’t know how much longer I can keep doing this”. All of this means so much to me and to so many others – I cannot just stop! So, I kept going. All of the programs our organization has in place are amazing, but over the years have become a tremendous amount of work for one person to manage everything – donating hearing devices, hosting events, awarding scholarships, our national awareness day, our genetics research, the collaborative work I do with other organizations and our legislation), including the paperwork part of the organization = which is an incredible amount of work for one person!

I was really beginning to worry that I couldn’t keep doing all of this, continued to ask for help, any help, anybody! In November, I made up my mind to go back to work. I updated my resume, my LinkedIn profile and my recommendations. I was ready to sadly push Ear Community onto the back burner, promising myself that I would still work on Ally’s Act on the side. I cried so many times because I would never be able to accept stopping or not giving Ear Community the attention in needs because Ear Community is my third child and means so much to so many!

THE POWER OF PRAYER!

I had begun praying in September, that somehow things would hopefully all work out for my family, for Ear Community and for the Microtia and Atresia community. I searched for clarity – thinking I will most-likely need to return to work. Somehow, my prayers must have been heard! Somehow, an amazing family and their foundation found Ear Community and has offered to help! Ear Community was selected as one of the many charity organizations that the The William, Jeff and Jennifer Gross Family Foundation chose to support and donate to. This amazing family and their foundation, a complete Godsend when needed most, graciously donated $200,000.00 to Ear Community during December 2022!!! It is an absolute miracle that I am still processing! The William, Jeff and Jennifer Gross Family Foundation have helped millions of people, causes and organizations around the world, doing amazing things and offering tremendous support where it is needed, helping people and changing lives! This gift will help Ear Community continue and will change even more lives in the Microtia and Atresia community, but most of all this gift has changed my life because I love what I do and thanks to this kindness I can continue doing what I love, but find the help I need to get this all done! I am forever grateful to the Gross family, for this miracle and for my prayers being heard! I am still processing that this help found Ear Community when our organization needed it most – before I thought I would have to stop.
Press release.

Thanks to this generous contribution from the William, Jeff and Jennifer Gross Family Foundation, Ear Community will be able to find the help it needs to run as a healthy organization, but is mostly proud to establish an additional hearing fund that will allow Ear Community to cover fitting and programming fees for the individuals who need bone anchored hearing devices, but who have been denied the coverage for this fee by their insurance providers. Our organization’s new fitting/programming fee program will begin this month in January of 2023! Audiologists will be able to apply for reimbursement to cover the denied fitting and programming service, helping save their patients some money when giving the gift of hearing. This new program will proudly be called Pax’s Ear Fund.

Ear Community is a leading nonprofit that helps children and adults who are born with the congenital anomaly known as Microtia (missing or underdeveloped ears), Aural Atresia (absent or underdeveloped ear canals, resulting in hearing loss) and Craniofacial Microsomia (slightly crooked smiles due to asymmetry of the jawline).

Thank you again from the bottom of Ear Community’s heart and from the Microtia and Atresia community! Thank you for helping so many people and nonprofits all over the world! Our community and organization will be forever grateful for your support and sincere kindness and generosity! Thank you for helping Ear Community continue to serve the Microtia and Atresia community, helping children and adults without ears and hearing loss!
Melissa Tumblin
Founder, Executive Director
Ear Community

Well-known bond investor Bill Gross donated $22.73 million in 2022 to charities through a foundation he founded with his son and daughter.

By Rethinking65

Well-known bond investor Bill Gross donated $22.73 million in 2022 to charities through a foundation he founded with his son and daughter.

The William, Jeff & Jennifer Gross Family Foundation announced January 17 that it donated the money to 58 local and global non-profits in 2022. It was the most ever donated in a single year by a Bill Gross foundation.

Recipients included Mercy Ships, Doctors Without Borders, African Women Rising, Atrium Health Sanger Heart & Vascular Institute, and several other Orange County, Calif., and national and international recipients.

Gross, 78, is best known as “the Bond King” and co-founder of Newport Beach, Calif.-based asset manager Pimco.

“Jennifer, Jeff and I are pleased to donate to organizations helping people during these extraordinarily challenging times,” said Gross, now a philanthropist and author, in a press release. “Between inflation and the lingering effects of Covid, people are struggling to meet basic needs and support their families. Many of these organizations are essential to providing relief to those in need, while also nourishing their souls in other ways.”

Gross was crowned the Bond King by Fortune in 2022. For years, his name was synonymous with bond investing. Eventually, Pimco forced him out, his wife left him and he retired in 2019. The book, “How One Man Made a Market, Built an Empire, and Lost It All,” published in March 2022 and written by Mary Childs, chronicles his rise and fall from the asset-management world.

Forbes estimates his net worth at $1.6 billion.

January 11, 2023

The William, Jeff & Jennifer Gross Family Foundation has announced that it awarded grants totaling $22.7 million in 2022, the most ever donated in a single year by a Bill Gross foundation.

Awarded to 58 local and global nonprofits working in the five general focus areas of health care, education and the arts, global development and humanitarian relief, the environment, and community support, the grants included $3 million to Mercy Ships, $3 million to Doctors Without Borders, $3 million to Atrium Health Sanger Heart & Vascular Institute, $1 million to the UN Sustainable Development Solutions Network, and $1 million to Kaulu I Ka Pono Academy, among others. Grants to organizations in Orange County, California, where Gross, co-founder of Newport Beach-based PIMCO, has a home and has been a longtime benefactor, include $2 million to Children’s Health of Orange County Pediatric Mental Health Services and $1 million to Orange County Teachers of the Year.

“Jennifer, Jeff, and I are pleased to donate to organizations helping people during these extraordinarily challenging times,” said Gross. “Between inflation and the lingering effects of COVID, people are struggling to meet basic needs and support their families. Many of these organizations are essential to providing relief to those in need, while also nourishing their souls in other ways.”

For a complete list of recipients, see the William, Jeff & Jennifer Gross Family Foundation website.