FUND PROFILE

Joan McGilvray Endowment

The Joan McGilvray Endowment honors a pioneering businesswoman who broke barriers as the first female stockbroker trained by Dean Witter & Company. A Pasadena native and longtime advocate for women’s financial empowerment, Joan built a successful career while mentoring others and nurturing a deep love for family and community. Her endowment supports PCF’s local grantmaking in perpetuity.

OVERVIEW

About the Fund

Joan Moss Bailey was born in Monrovia, California with her twin sister, Judy, in November 1926. She was the daughter of William J. and Helen Davis Bailey. She was educated in Monrovia’s schools and later attended Stanford University.

In 1947, Joan married Alexander Crane McGilvray and started her family, raising two sons and a daughter. Initially, Joan was a homemaker, but she always had ambitions to work outside the home. She loved to sew and with her growing business acumen, created her own clothing business. Always independent by nature, however, she kept her eye toward a more established career in business. Her daughter, Lynn, remembers her often saying, “I’m looking for something where I am working smarter, not harder.”

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A Successful Businesswoman for 30 Years

By the mid-1960s, Joan broke new ground by becoming the first female stockbroker to be trained by, and work for, Dean Witter & Company. Her successful career in the securities brokerage business spanned more than 30 years. Lynn says “she was very intelligent in the way she went into business with the male money managers. She carried herself as their equal in intelligence and was very competitive when negotiating business.”

Because Joan understood firsthand the struggles women experienced when trying to break into the business world, she also committed herself to sharing her expertise with female friends and neighbors. She hosted seminars at night to help women learn about understanding and managing their families’ finances and mentored young women who wanted to establish their own business careers.

Later Years in St. Malo

Joan lived in Pasadena until she moved to the lovely beach community of St. Malo, located in Oceanside, California. There she built a beautiful house and entertained family and friends. Joan was always ready for spirited conversation, a competitive game of bridge, tennis or dominoes, or a tough crossword puzzle. “She cherished her family and friends,” remembers Lynn, “and always tried to reciprocate the love and loyalty they gave her throughout her life.” Joan’s endowment will support PCF’s local grantmaking.

Grantmaking Impact

Through this fund, PCF has been able to

  • Provide sustained funding
  • Offer consistent financial support for our local grantmaking programs throughout Greater Pasadena.
  • Enhance community programs
  • Empower organizations to expand their services and reach more individuals in need.
  • Support flexibility
  • Allows PCF to direct resources when and where they are needed most, respond quickly to emerging needs, and fill funding gaps that restricted gifts can’t cover.

Contact Us
For more information about PCF giving opportunities, please contact
Pasadena Community Foundation
301 E. Colorado Blvd., Suite 810
Pasadena, CA., 91101
626.796.2097
pcfstaff@pasadenacf.org