|
Gross, who left Pimco in September 2014 and is now a
portfolio manager at Janus Capital Group Inc, will donate $2
million to the Pimco Foundation.
The rest will go to The New York Times Neediest Cases Fund; the
U.N. Sustainable Development Solutions Network; and Kershaw's
Challenge, set up by Los Angeles Dodgers baseball pitcher
Clayton Kershaw and his wife Ellen.
Last October, Gross sued Pimco, a unit of German insurer Allianz
SE and his employer for more than four decades, for more than
$200 million, claiming he was pushed out so other executives
could divvy up his bonus.
Pimco has denied his claims and said Gross' own behavior and
treatment of colleagues would have justified his firing.
Despite the acrimonious dispute, Gross has pledged to keep
supporting the Pimco Foundation, which he helped found.
He has said any proceeds from his lawsuit will go to charities,
including the foundation.
Gross' sale included a block of six "Double Geneva" stamps from
1843 that could be worth as much as $1.5 million.
"The Pimco Foundation appreciates the donation from Sue and Bill
Gross," Executive Director Sarah Middleton said in a statement,
referring to Gross' wife. "These donations serve to improve
local and global communities and help empower others to better
their lives."
Gross works in Newport Beach, California, near his old office at
Pimco, though Janus is based in Denver.
He is worth $1.95 billion according to Forbes magazine, and
according to reports may have spent more than $100 million on
his stamp collection. A stamp gallery is named for him in the
Smithsonian National Postal Museum in Washington, D.C.
(Reporting by Jonathan Stempel in New York; Editing by Alan
Crosby)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
