Jay Kahn, who died at 90 in 2022, lived in San Diego’s Ocean Beach and was an early investor in Apple and PriceClub, the San Diego-based predecessor to Costco.
"We are humbled by this incredible generosity and we will honor Jay by continuing to inspire enduring philanthropy and enable community solutions to improve the quality of life in the San Diego region," Stuart said.Sign up for NBC San Diego newsletters.
According to the San Diego Foundation, the first grants from Kahn's gift include 10, $150,000 unrestricted grants to San Diego-based music education nonprofits to advance their work with under-resourced children. The intent of the initial grants is to"grow music appreciation" in San Diego in memory of Kahn, a classical musician who played clarinet in symphonies at UC San Diego and the University of San Diego.The $1.
According to his wishes, a portion of Kahn's gift will support housing and other regional strategic plan initiatives of the San Diego Foundation, and more than $86 million will establish the Jay Kahn Endowment Fund at San Diego Foundation so that"Kahn's legacy and impact continues to grow and transform San Diego County in perpetuity," according to a foundation statement.
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