New Mercy Ship Funding by PIMCO Philanthropists

MarineLink.com
Tuesday, August 06, 2013
Bill & Sue Gross: Photo credit Mercy Ships

Mercy Ships, the charitable hospital ship foundation, is delighted to announce the leadership gift of $20 million from Laguna Beach philanthropists, Sue and Bill Gross.

The funds are designated toward a new hospital ship, currently in the design phase, to join the current hospital ship, the Africa Mercy , in delivering hope and healing to the underserved poor. In honor of this generous donation, the hospital onboard the new ship will be named the Sue and Bill Gross Healing Hospital.

Bill Gross is a founder, Managing Director, and Co-CIO of PIMCO, one of the world’s largest investment management firms based in Newport Beach, California. He is a frequent guest on financial news television and is the author of several investment books.

Sue and Bill oversee their family foundation, which supports organizations that promote education, health, and youth-related issues. The foundation is listed in the “Foundation Search Top 10,000 US Foundations by Assets.”

Mercy Ships, an international medical charity was founded in 1978 by Don and Deyon Stephens. Through free, life-changing surgeries, health care education, and specialty training, Mercy Ships becomes the face of love in action to some of the world’s least developed countries. Wherever the ship docks, people line up by the thousands to receive special surgical and medical care that is provided without regard to race, gender, or religious preference.

Sue Gross, President of the Gross Family Foundation, stated, “We are thrilled and proud to partner with Mercy Ships in delivering transformational healthcare to those who do not have any other access to such care. We believe in what Mercy Ships stands for, and we are excited about helping to bring hope and healing to people in need.”
 
 http://www.mercyships.org.
 

Maritime Reporter October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Odfjell Finalizes LPG/Ethylene Joint Venture Deal

Following Odfjell SE’s May 16, 2014 announcement declaring the signing of a definitive agreement to form a LPG/E shipping joint venture, Odfjell today announced

Chinese Manufacturing Expansion Affects Shipping Demand

The expansion of the Chinese Manufacturing Industry continued in September at unchanged pace as compared to the month before, BIMCO reports. The manufacturing industry

Marorka Opens Offices in Copenhagen

Marorka announced it is currently expanding following a substantial injection of funds. The expansion plan was approved and Marorka will extend its worldwide network in 2014.

Finance

Port City Plans for New Cargo Taxes Angers Kenya Govt, Shippers

Proposals by a local authority to impose new taxes on cargo at Kenya's main port has drawn opposition from the government and shippers, saying it will hike import

Odfjell Finalizes LPG/Ethylene Joint Venture Deal

Following Odfjell SE’s May 16, 2014 announcement declaring the signing of a definitive agreement to form a LPG/E shipping joint venture, Odfjell today announced

Norvestor to Become PG’s Largest Shareholder

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS.

People in the News

Swissco Doubles Rig Fleet

SGX Mainboard-listed Swissco Holdings Limited an integrated, international marine services provider, today announced having completed the acquisition of four additional mobile offshore drilling units,

Gazprom Constructs Sports Complex in Stavropol

Stavropol hosted today a groundbreaking ceremony of a versatile sports & recreation complex of Gazprom. The sports & recreation complex will include a 50 meter Olympic swimming pool,

Swire Pacific Acquires 3rd L Class PSV

Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming and delivery of its third L Class PSV vessel, Pacific Legend in Kyoto,

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1384 sec (7 req/sec)