Bill and Betsy Rawn were actively involved in Pasadena life and raised their family here. They especially supported the work of the Scripps Home in Altadena, which provided low-income seniors with life care during its operation over many decades. Bill Rawn served on the Board of Scripps for several years.
Bill died in 2008, and Betsy passed in 2011. Their trust included a $300,000 bequest to the Scripps Home. Unfortunately, the Scripps Home closed permanently in 2010, leaving the Rawn children to determine an organization that would best honor their parents’ intentions of supporting seniors. The Rawn children chose Pasadena Community Foundation, where in 2012, they created the Bill & Betsy Rawn Endowment for Seniors in Need.
In creating the endowment with PCF, the Rawns’ sons chose to incorporate language that was similar to the mission of the Scripps Home. They specified that their parents’ trust should be directed to local organizations that provide services to senior citizens related to health care needs. Through the Rawns, then, the mission of Scripps carries on through PCF and continues to make an impact in our community. This endowment extends its focus beyond a single organization and supports a cause that was very close to Rawns’ hearts.
The Power of Endowment
Endowments are the cornerstone of PCF’s mission to build hometown legacies. The corpus of each endowed fund is invested with PCF’s portfolio for long-term growth. Each year, the endowments generate the funds that support PCF’s local grantmaking, which enriches the arts community, protects our environment, provides health care and critical social services, and bolsters public education in Pasadena. Endowments are permanent legacies for our community; these funds will continue to grow and provide philanthropic support forever.