Bill Gross to be Honored as Recipient of
Smithsonian Philatelic Achievement Award
National Postal Museum Cites Gross’s Philanthropy and World-Class Stamp Collections in Awarding Nation’s Most Prestigious Philatelic Honor
NEWPORT BEACH, CA (Oct. 19, 2016) — The Smithsonian’s National Postal Museum will award the 2016 Smithsonian Philatelic Achievement Award to Bill Gross and two other recipients on Oct. 22 at a museum-hosted gala event in Washington, D.C.
The Smithsonian Award was established in 2002 to honor and celebrate living individuals for outstanding lifetime achievement in the field of philately. This achievement may include original research that significantly advances the understanding of philately, exceptional service to the philatelic community or sustained promotion of philately to the benefit of current and future collectors. In addition to Mr. Gross, recipients of the 2016 award include Cheryl R. Ganz and Richard F. Winter.
The selection of Mr. Gross is as much a reflection of his philanthropic activities on behalf of stamp collecting as it is for his world-class collection.
“There has never been anyone in philately as philanthropic as Bill, and he wanted to create something special, which he has,” said Charles Shreve of Robert A. Siegel International, Mr. Gross’s long-time philatelic advisor and dealer. “Without his gift there would have never been a new Smithsonian National Postal Museum, the finest in the world. Bill has contributed greatly to the general public’s view of collecting in a positive way.”
In addition to donations totaling $10.8 million to build the William H. Gross Stamp Gallery in the National Postal Museum, Mr. Gross and his wife Sue have donated almost $25 million from proceeds of the sales of Mr. Gross’s collection since 2007. Beneficiaries include the PIMCO Foundation, Doctors Without Borders, the Millennium Villages Project, the Hawaii Foodbank, The New York Times Neediest Cases Fund, and other charities.
“Stamp collecting has always been a means to an end for me,” said Mr. Gross, the portfolio manager responsible for managing Janus Capital Group’s Global Unconstrained Bond strategy. “There is the pleasure of the hobby itself, which has brought countless hours of satisfaction in researching the history behind these miniature works of art. And then there is the knowledge that the returns from my hobby have served a higher purpose in benefiting the less fortunate.”