The William Jeff and Jennifer Gross
The William Jeff and Jennifer Gross Family Foundation is a private philanthropic organization established by renowned investor Bill Gross, co-founder of PIMCO, along with his children Jeff and Jennifer. Based in Laguna Beach, California, the foundation operates as a 501(c)(3) organization dedicated to supporting nonprofits with direct community impact across local, national, and international levels.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$571.1M
+23.1% YoY
Annual Giving
$17.9M
-0.7% YoY
Grant Count
59
-13.2% YoY
Avg Grant Size
$303K
+14.5% YoY
Under IRS private-foundation payout rules, The William Jeff and Jennifer Gross reported a distributable amount of $25.4M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on supporting organizations that have a direct impact on the people and communities they serve, whether locally in California or in developing nations around the world.
The foundation directs contributions across five primary areas:
- Healthcare
- Education and the Arts
- Global Development and Humanitarian Relief
- The Environment
- Community Support
The foundation takes an intentionally eclectic approach to giving, researching potential donation recipients throughout the year. Leadership votes on which causes and charities to support at the foundation's annual meeting held in October, with donation checks distributed before year-end.
Grantmaking
Grant Range
** $2,500 to $4,000,000, with most grants under $500,000
Invitation Only
** The foundation does not accept solicitations or grant requests. Grants are awarded through an invitation-only process based on the foundation's internal research and decision-making.
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Geographic Focus
Where this funder awards grants
The foundation funds organizations in Orange County (with particular emphasis on Laguna Beach), California, as well as national and international organizations. Recent distributions have included support for organizations in North Carolina, Florida, Los Angeles County, and Riverside County, along with global humanitarian organizations.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $571.1 million (as of 2024)
Annual Revenue: $72.6 million (2024)
Annual Expenses: $19.8 million (2024)
Annual Giving: Approximately $18 million (2024)
Tax Status: 501(c)(3) private foundation; tax-exempt since July 2018
EIN: 82-2674631
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $571,114,024 | $464,077,212 | $425,945,656 |
| Revenue | $72,571,168 | $65,731,677 | $34,842,672 |
| Expenses | $19,824,193 | $19,431,751 | $24,034,364 |
| Qualifying Distributions | $17,905,000 | $18,028,808 | $22,680,002 |
| Net Investment Income | $45,400,735 | $53,330,284 | $34,483,824 |
| Distributable Amount | $25,428,177 | $20,661,687 | $21,880,640 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Doctors Without Borders ($3,000,000), Atrium Health Foundation ($1,000,000), Environmental Advocates Ny Inc ($1,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACTION AGAINST HUNGER USA NEW YORK, NY | GENERAL DONATION | $550,000 |
| ANAHEIM COMMUNITY FOUNDATION ANAHEIM, CA | GENERAL DONATION | $150,000 |
| ARTISTS FUND AT THE FESTIVAL OF THE ARTS LAGUNA BEACH, CA | GENERAL DONATION | $10,000 |
| ATRIUM HEALTH FOUNDATION CHARLOTTE, NC | GENERAL DONATION | $1,000,000 |
| BOYS & GIRLS CLUB OF AMERICA ATLANTA, GA | GENERAL DONATION | $50,000 |
| BOYS & GIRLS CLUB OF CENTRAL OC IRVINE, CA | GENERAL DONATION | $430,000 |
| BOYS & GIRLS CLUBS OF CAPISTRANO VALLEY SAN JUAN CAPISTRANO, CA | GENERAL DONATION | $50,000 |
| CHARLOTTESVILLE AREA COMMUNITY FOUNDATION CHARLOTTESVILLE, VA | GENERAL DONATION | $875,000 |
| CHILD CREATIVITY LAB SANTA ANA, CA | GENERAL DONATION | $200,000 |
| CHOC FOUNDATION ORANGE, CA | GENERAL DONATION | $350,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- William (Bill) Gross — Founder and President; does not receive compensation. A philanthropist, author, and co-founder of PIMCO, known as the "Bond King." A Giving Pledge signatory who has donated over $700 million in his lifetime.
- Jeff Gross — Co-founder and voting member
- Jennifer Gross — Co-founder and voting member
- Mark Porterfield — Secretary; compensated at $392,500 annually
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM H GROSS | PRESIDENT | 1 | — |
| MARK PORTERFIELD | SECRETARY | 5 | $431,750 |
| JEFFREY GROSS | DIRECTOR | 1 | — |
| JENNIFER GROSS | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
**2025:** The foundation announced an additional $100,000 donation to the Los Angeles Fire Department Foundation and American Red Cross for wildfire relief efforts in Los Angeles County.
Gross Family Foundation announces $22.7 million in 2022 grants**2024:** The foundation distributed $18 million to 61 nonprofits and charities, including support for hurricane relief and recovery efforts in North Carolina and Florida. A significant $1.11 million grant was directed to the University of Massachusetts Foundation to support a Pontifical Academy of Social Sciences Workshop on the Ethical Advancement of Artificial Intelligence.
Gross Family Foundation announces $22.7 million in 2022 grants**2023:** The foundation donated more than $18 million to 67 nonprofits and charities, marking the most recipients supported in a single year at that time.
Gross Family Foundation announces $22.7 million in 2022 grants**2022:** The foundation announced a record $22.7 million in donations to 58 local and global nonprofits, the highest single-year total in foundation history at that time.
Gross Family Foundation announces $22.7 million in 2022 grants**Ongoing Support:** Bill Gross has been a dedicated supporter of Doctors Without Borders for nearly 20 years and is among the organization's most generous donors. In 2007, he donated proceeds from the auction of his stamp collection, totaling over $7 million, to humanitarian causes.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The William Jeff and Jennifer Gross fund?
The foundation's mission centers on supporting organizations that have a direct impact on the people and communities they serve, whether locally in California or in developing nations around the world. The foundation directs contributions across five primary areas: • Healthcare • Education and the Arts • Global Development and Humanitarian Relief • The Environment • Community Support The foundation takes an intentionally eclectic approach to giving, researching potential donation recipients thr…
How do I apply for a grant from The William Jeff and Jennifer Gross?
**Grant Range:** $2,500 to $4,000,000, with most grants under $500,000 **Annual Distribution:** The foundation has consistently distributed between $17 million and $22.7 million annually since 2018: • 2024: $18 million to 61 nonprofits • 2023: $18 million to 67 nonprofits • 2022: $22.7 million to 58 nonprofits • 2020: $17 million to 51 nonprofits **Application Process:** The foundation does not accept solicitations or grant requests. Grants are awarded through an invitation-only process based o…
Where does The William Jeff and Jennifer Gross make grants?
The foundation funds organizations in Orange County (with particular emphasis on Laguna Beach), California, as well as national and international organizations. Recent distributions have included support for organizations in North Carolina, Florida, Los Angeles County, and Riverside County, along with global humanitarian organizations.
What size grants does The William Jeff and Jennifer Gross award?
In 2024, The William Jeff and Jennifer Gross awarded 59 grants totaling $17.9M — an average of about $303K per grant, based on its IRS Form 990 filings.
How much is The William Jeff and Jennifer Gross required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The William Jeff and Jennifer Gross reported a distributable amount of $25.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The William Jeff and Jennifer Gross's EIN?
The William Jeff and Jennifer Gross's EIN (Employer Identification Number) is 82-2674631. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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