Published : Thursday, November 16, 2017 | 6:49 AM
Huntington Hospital has announced that it has been named the recipient of a $5 million grant from the AS&F Foundation. The foundation will close its doors in 2018, after 67 years in existence and 30 years of partnering with the hospital.
According to Huntington Hospital, the foundation’s trustees have selected the 619-bed, not-for-profit hospital in Pasadena as one of 12 organizations to receive final grants.
“After much deliberation, our board has decided to sunset the foundation, disbursing its funds in the form of significant gifts to organizations we have worked with and which we know will be good stewards of the funds,” said AS&F Foundation President John Llewellyn.
“The foundation selected Huntington Hospital because it is a true gem of health care in the San Gabriel Valley.”
Formerly known as Forest Lawn Foundation, the AS&F Foundation has been a steadfast supporter of more than 100 organizations in Southern California in the past.
AS&F was established in 1951 by Hubert Eaton, creator of the memorial park concept and developer of Forest Lawn Memorial-Parks & Mortuaries. In recent years, the foundation has focused its philanthropy on residential camping programs and also provided support for other worthy organizations, including the hospital.
“Huntington Hospital is an essential community resource. While we all hope never to need hospital care, when we do, it’s important that it’s the best it can be. In working with the hospital, we have particularly appreciated their very personal approach and their thoughtful stewardship of our funds,” said foundation trustee Carol Llewellyn.
Huntington Hospital meanwhile welcomed AS&F’s grant saying the funds will help the hospital continue providing quality health care in the region.
“We’re honored and humbled by this immensely generous gift from the AS&F Foundation,” said Jane Haderlein, Huntington Hospital senior vice president, philanthropy, and public relations.
“The funds will help the hospital continue to provide the highest level of care for our region. Over the years, we’ve relied on the foundation’s annual support to help us grow into the world-class institution we are today. They will be greatly missed.”
As an asset-based foundation, AS&F has used income from its investments to fund its grantmaking.
“The trustees have determined which organizations will receive these grants and all have been informed of this. The Foundation will not accept any further grant requests after March 20, 2017. The Foundation expects to complete distribution of its assets by mid-2018 and expects to dissolve by the end of 2018,” AS&F said in a statement.