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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
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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