Bill Gross’ bank account may be $2 million lighter but it’s going to a good cause.

Newport Beach, Calif. —based Hoag Memorial Hospital Presbyterian earlier this month received the donation from the Gross Family Foundation to establish an endowed chair in honor of Dr. Melvin Silverstein, medical director of the Breast Care Center at Hoag.

“We wholeheartedly support Hoag in providing the endowed chair model for medical leaders such as Dr. Silverstein to expand their impact far beyond their patients while advancing their fields,” stated Sue Gross, president, Gross Family Foundation and wife of the bond guru.

“The Gross Family Foundation Endowed Chair in Oncoplastic Breast Surgery will allow me to train even more fellows, who will reach many additional patients throughout the world,” stated Silverstein. “Passing on knowledge is critical to our long-term efforts, and I’m honored to have the opportunity to do so.”

Silverstein noted that this isn’t the first time the couple has turned their compassion for those facing breast cancer into major financial gifts. “Their generosity helped build the Sue & Bill Gross Women’s Pavilion which houses the Hoag Breast Care Center, Orange County’s leading center for breast care.”


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