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Bill Gross Totally Amazed By Bill Gross’ Generosity

The amount of money he plans to give away is "staggering, even to me."
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I'm no hero.

We just haven’t heard much about it because he likes to keep his philanthropy quiet. But he’s ready to open up a little as the scale of his incredible munificence begins to dawn on him.

The bond investor has already given away as much as $700 million and eventually will donate his remaining $2 billion fortune, a figure that’s “staggering, even to me,” Gross said in an interview on Bloomberg Television...“Sue and I try and keep it quiet,” Gross said. “We’re not the type to attend functions and parties and galas. We like to work underneath, so to speak.”

While Gross may donate with less fanfare than other billionaires, he’s hardly anonymous. There’s a William H. Gross Stamp Gallery at the National Postal Museum in Washington; a Sue & Bill Gross Stem Cell Research Center at the University of California, Irvine; and a Sue and Bill Gross Skywalk at the Cedars-Sinai Medical Center’s Advanced Health Sciences Pavilion in Los Angeles...In 2005, Bill and Sue Gross gave $23.5 million to Duke University, his alma mater. Other major gifts include $20 million to Hoag Memorial Hospital Presbyterian in Newport Beach, also in 2005; $10 million to the University of California, Irvine, in 2006.

So what’s keeping the rest of his money out of the hands of Duke and southern California healthcare organizations and building William H. Gross Stamp Galleries at museums around the world? Well, of course, he needs some of it. And he needs to give his kids something to do when he’s gone.

Gross said he and Sue don’t expect to live long enough to give away everything and so his three children will have to finish the job.

Bill Gross: The Amount of Money I’ll Give Away ‘Is Staggering, Even to Me’ [Bloomberg]


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