Monday, October 30, 2006

KTLA The CW | Where Los Angeles Lives | Benefactor's final gift shakes a foundation

KTLA The CW | Where Los Angeles Lives | Benefactor's final gift shakes a foundation: "Today, her gift of $200 million will be publicly revealed by its astonished recipient: the California Community Foundation, which supports a variety of civic and social causes by pooling several funds into one organization to maximize efficiencies.

Foundation President Antonia Hernandez said Sunday that she screamed when she first got news of Palevsky's gift by cellphone while outside church. 'People must have thought, this lady's gone crazy,' she said.

'It's a wonderful blessing, manna from heaven,' Hernandez said. 'All the issues she cared deeply about fit so well with our future strategy. It was absolute synergy.'

It's among the largest bequests to a U.S. public charity, said Jim Ferris, director of USC's Center on Philanthropy and Public Policy"

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