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Hoag Receives $50M Gift from Pickup

Philanthropist donates for Brain Health Center

Hoag Memorial Hospital Presbyterian received a $50 million gift from Newport Beach investor Richard H. Pickup.

The gift will establish the Richard H. Pickup Center for Brain Health with a “whole-family, comprehensive approach” to prevention, detection and integrative care for cognitive impairment and mental health disorders, including Alzheimer’s.

Pickup’s brother lived with dementia before his death.

“Hoag is making great strides in the understanding of brain health and Alzheimer’s disease,” Pickup said in a statement. “They are on the cutting edge, but there is still so much that is unknown about the brain.”

Pickup has made numerous gifts to Hoag throughout the years, including a $15 million gift in 2017 for the Pickup Family Neurosciences Institute, which will host the brain center.

 

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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