Programs

  • Program 1 [2020]

    Terry Smith Trust Fund & Wayne L Peterson Trust Fund:In 2020, the Foundation was the recipient of two large (in excess of $2 million for each) testamentary gifts. Each of the donors left instructions for the Foundation as to how to distribute the funds to certain 501c3 organizations.In 2020, following the instructions left by the donors, we distributed $2.5 million from the Terry Smith fund to Pomona College ($1 million), Laguna College of Art and Design ($1 million) and St. Mary's Episcopal Church ($500,000). In 2020, following the instructions left by the donors, we distributed $2,344,700 from the Wayne Peterson fund to Laguna College of Art and Design ($1,560,000), Laguna Beach Seniors, Inc. ($100,000), Laguna Food Bank ($100,000), Laguna Beach Education and Capital Fund ($100,000), Laguna Beach Community Clinic ($100,000), Friendship Shelter ($100,000), Boys & Girls Club ($100,000), City of Laguna Beach (Grants for Artists), and Sally's Fund ($34,700).
    Geographies
    Not indicated
    Dates
    Jan 1, 2020 – Dec 31, 2020
    Source
    990
    No causes provided
    No populations provided
    –
    $4.4M

  • Program 2 [2020]

    Laguna COVID-19 Relief Fund:In 2020, along with the Boys & Girls Club of Laguna Beach we participated in a fund raising drive for Laguna Beach citizens and persons employed in Laguna Beach whose lives were adversely impacted by Covid-19. We raised over $400,00 and through the Boys & Girls Club distributed those funds to approximately 800 persons in need.
    Geographies
    Not indicated
    Dates
    Jan 1, 2020 – Dec 31, 2020
    Source
    990
    No causes provided
    No populations provided
    –
    $458.3K

  • Program 3 [2020]

    To establish and maintain charitable funds to promote philanthropy.
    Geographies
    Not indicated
    Dates
    Jan 1, 2020 – Dec 31, 2020
    Source
    990
    No causes provided
    No populations provided
    –
    –