62.1 F
Los Angeles
Sunday, Jun 4, 2023

Petersen Foundation Donates $1M to Altadena Child Services Nonprofit

The Margie and Robert E. Petersen Foundation has awarded $1 million – the largest gift ever – to Five Acres, an Altadena-based child and family services nonprofit.

The award, announced May 14 by Five Acres, will boost the nonprofit’s community-based mental health care, foster care and adoption services. Five Acres was established as an orphanage in 1888 and now operates from a campus in Altadena.

“This incredible gift from the Petersen Foundation will strengthen existing services and lay the groundwork for new and better ways for us to keep families together,” Five Acres Chief Executive Chanel Boutakidis said in a statement.

The foundation, established by the late publishing magnate and Petersen Automotive Museum founder Robert Petersen, had previously granted $123,000 to Five Acres.

Economy, education, energy and transportation reporter Howard Fine can be reached at hfine@labusinessjournal.com. Follow him on Twitter @howardafine.

Howard Fine
Howard Fine
Howard Fine is a 23-year veteran of the Los Angeles Business Journal. He covers stories pertaining to healthcare, biomedicine, energy, engineering, construction, and infrastructure. He has won several awards, including Best Body of Work for a single reporter from the Alliance of Area Business Publishers and Distinguished Journalist of the Year from the Society of Professional Journalists.

Featured Articles

Related Articles