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PIMCO Founder Supports Health Causes

Bill and Sue Gross have made a flurry of year-end contributions to health related causes.

Cedars-Sinai Medical Center in Los Angeles announced this week naming a new surgical center in a soon-to-open pavilion in honor of Bill and Sue Gross, Laguna Beach philanthropists and donors of a $20 million gift toward the building.

Earlier this month, the Grosses pledged $4 million in matching funds to a UC Irvine stem-cell research facility and last week made $50,000 gifts to Laguna Beach’s Friendship Shelter and Community Clinic, spokesman Mark Porterfield said.

“We, too, share Cedars-Sinai’s passion for quality patient care, research, teaching, education and service to the community,” said Sue Gross, Gross Family Foundation president. Her husband, Bill, founded Newport Beach’s PIMCO, a global investment firm.  “The new Pavilion will be a place that harmonizes all of those things, and we wanted to be a part of it.”

The surgery center will take an entire floor in the 11-story building expected to open next summer. By putting clinicians and researchers under one roof, it’s envisioned as accelerating biomedical discoveries and speeding those advances into clinical care.

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