Hoag Hospital Foundation Receives Historic Donation - Jeffrey M. Carlton Estate makes largest gift in Hoag’s 61-year history
Newport Beach, Calif. (October 7, 2013) — Hoag Hospital Foundation announced today that it has received its largest donation to date – an irrevocable estate gift, currently valued at $53 million – from the late Jeffrey Carlton. Hoag will use this transformational gift from the Jeffrey M. Carlton estate to support a variety of needs including advanced technology, innovative programs, world-class clinical staff and exceptional facilities.
“This historic gift comes at a pivotal moment in the history of health care,” said Hoag President and CEO Robert Braithwaite. “As we move into a new era of health care delivery where we must accomplish more with less, every Hoag patient and our entire community will benefit from Mr. Carlton’s generosity. We are deeply grateful.”
The Carlton Estate will become a foundation that will make a significant annual distribution to Hoag Hospital Foundation over the course of many years. In gratitude and recognition, Hoag is committing the first $15 million to the Heart & Vascular Institute which will be renamed the Jeffrey M. Carlton Heart & Vascular Institute.
“This will be the first of many ways we plan to honor Mr. Carlton’s extraordinary generosity,” announced Flynn A. Andrizzi, Ph.D., Hoag Hospital Foundation president and Hoag senior vice president. “The impact of this gift cannot be overstated; it will be felt by Hoag and our community for years to come.” According to Andrizzi, the gift also represents an auspicious beginning to the Foundation’s upcoming campaign which has an initial goal of $500 million by 2020.
Jeffrey Carlton founded Press Forge in 1978 and served as the company’s Chairman and CEO until his passing in 2012. Press Forge is located in Paramount, California and is one of the largest U.S. suppliers of forging services and products to commercial and military aerospace, nuclear, oil and gas exploration and industrial markets.
Jeffrey’s father, the late Allan Carlton, Jr., was a generous philanthropist and longtime supporter of Hoag. Allan’s name, and that of his wife Lorraine, grace the donor walls of Hoag Hospital Newport Beach.
“Jeff’s gift honors his father’s strong affinity for Hoag and commitment to supporting outstanding health care in our community,” shares Mike Buxton, president of Press Forge. “He was very caring about the people around him and he would be very pleased to know that his gift to Hoag is going to touch the lives of so many in such a positive way.”
About the Hoag Hospital Foundation
Hoag Hospital Foundation, the philanthropic arm of Hoag (a separate 501(c)(3) corporation), is an integral partner in Hoag’s vision to become a trusted and nationally recognized healthcare leader. The Foundation builds lifelong relationships with donors, raises funds and dedicates its resources to further advance the needs of Hoag and those it serves. Under the direction of a dedicated and volunteer Board of Directors, the Foundation conducts campaigns and programs that generate more than $40 million per year in gifts and pledges.
About Hoag Memorial Hospital Presbyterian
Hoag is an approximately $1 billion nonprofit, regional health care delivery network in Orange County, California, that treats more than 30,000 inpatients and 350,000 outpatients annually. Hoag consists of two acute-care hospitals, seven health centers, and five urgent care centers. Hoag Hospital Newport Beach, which has served Orange County since 1952, and Hoag Hospital Irvine, which opened in 2010, are designated Magnet hospitals by the American Nurses Credentialing Center (ANCC). Hoag offers a comprehensive blend of health care services that includes five institutes providing specialized services in the following areas: cancer, heart and vascular, neurosciences, women’s health, and orthopedics through Hoag’s affiliate, Hoag Orthopedic Institute. Hoag has been named one of the Best Regional Hospitals in the U.S. News & World Report Metro Edition. National Research Corporation has endorsed Hoag as Orange County’s most preferred hospital for the past 17 consecutive years and, for an unprecedented 18 years, residents of Orange County have chosen Hoag as the county’s best hospital in a local newspaper survey. Visit www.hoag.org for more information.