FUND PROFILE

Opel Family Endowment

The William T. Reynolds Endowment is an unrestricted fund that supports PCF’s local grantmaking and reflects Bill and Judy Reynolds’ deep-rooted connection to Pasadena and their decades of civic involvement. Inspired by Bill’s early career in medical research and their shared commitment to giving back, the fund ensures their legacy will continue to support emerging local needs well into the future.

OVERVIEW

About the Fund

Growing up in Pasadena and Monrovia, respectively, Bill and Judy understood and appreciated the benefits of community foundations. In fact, Bill’s father created a Donor Advised Fund through PARAID, an organization that donated to Pasadena causes.

Bill himself became a respected leader as CEO of a local nonprofit — a position that resulted in him becoming aware of PCF decades ago when it was known simply as the Pasadena Foundation. In the 1970s, Jo Stephens, then Director of the Pasadena Foundation, called Bill to straighten out a mix-up. At the time, Bill was Director at the Pasadena Foundation for Medical Research, an organization that is now the Huntington Medical Research Institutes (HMRI). Jo said: “I have a check here that I’m afraid is yours. I’ll stop by.” The organizations’ similar names often led benefactors to send donations to the wrong group, but on this day, the stakes were high. She gave Bill a $50,000 check made out to the Pasadena Foundation for Medical Research.

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Detail shot of an Art Deco-style building showing detailed friezes and brickwork

A Legacy of Philanthropy and Community Commitment

Bill’s early exposure to philanthropy and his 53 years at HMRI helped shape not only his but also Judy’s approach to volunteerism and giving. In establishing their unrestricted endowment with PCF, Bill noted

“The fund we set up through PCF will continue after we’re gone. We also decided to make the fund unrestricted because there are organizations and causes that are just getting started that we do not know about. PCF is diligent about researching organizations that are doing good work.”

For both Bill and Judy, when it comes down to it, Pasadena is home. “A lot of our friends are retiring to other places, and so there is pressure to sell the house and move,” explains Judy. “To us, Pasadena is a gold mine of cultural gems: museums, gardens, classes – the list goes on. It’s hard to beat Pasadena.”

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