The William, Jeff and Jennifer Gross Family Foundation, the charity founded by retired financial asset manager Bill Gross and his son and daughter, have given $1.5 million to charities and organizations providing relief from the effects of coronavirus on Southern California communities.
“Those with means are obligated to provide assistance to their communities to help alleviate the impact of the crisis and support the basic needs of families and individuals,” said Bill Gross, co-founder of Newport Beach-based bond giant Pimco.
The Gross Family Foundation’s donations include $250,000 each to OC Food Bank and Second Harvest Food Bank of Orange County to help individuals and families facing hardships due to economic effects of the crisis.
Additional donations include $200,000 each to the National Domestic Workers Alliance (NDWA) Coronavirus Care Fund, World Central Kitchen, The Recording Academy’s MusiCares, the United Way of Greater Los Angeles, and the Restaurant Workers’ Community Foundation.
“Jennifer, Jeff and I are honored to support the heroic work being performed by these organizations and the volunteers who are tirelessly working to provide relief to the people who need it most during this unprecedented crisis,” Gross said.
The foundation said it has donated $41 million to 73 nonprofit organizations since 2018.