Los Angeles Parks Foundation Awarded Substantial $1 Million Donation from the FireAid Grants Advisory Committee

Rhea-AI Summary

The Los Angeles Parks Foundation has received a $1 million donation from FireAid to restore the Pacific Palisades Playground, which was damaged in the Southern California wildfires in January. Additional support includes a $300,000 in-kind contribution from GameTime for equipment and a donation from Banc of California's Wildfire Relief & Recovery Fund, bringing total support to over $1.3 million.

The restoration project aims to modernize the playground by July 4th, 2025. The renovated facility will feature two adjacent playgrounds with rubber surfaces, catering to children aged 5-14. The new design will include integrated shade structures and a play fire truck honoring first responders. The Palisades Park and Recreation Center, located at 851 Alma Real Drive, has served the community for over 35 years.

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• BANC demonstrates community engagement through contribution to wildfire relief efforts

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Funds Allocated for the Restoration of the Playground at Palisades Park Affected by the Fires

LOS ANGELES, April 9, 2025 /PRNewswire/ -- The LA Parks Foundation, which works to support the Los Angeles City Department of Recreation and Parks, is pleased to announce a $1 million donation from FireAid to restore the Pacific Palisades Playground, damaged in the Southern California wildfires in January. The LA Parks foundation, which will oversee the entire project, has also secured a $300,000 in-kind contribution from GameTime—the company stepping up to supply all the equipment for the project—along with an additional donation from Banc of California's Wildfire Relief & Recovery Fund, bringing support for the playground to more than $1.3 million. These funds, including the $1 million from the FireAid Benefit Concert, will allow for an expedited restoration and modernization of the playground in time for the July 4th holiday this year.

The Los Angeles Parks Foundation's mission is to enhance, expand, and promote public recreation at the more than 500 parks in the city of Los Angeles. This funding has been specifically designated and authorized to address urgent requirements at Palisades Park and Recreation Center, which has served the community for more than 35 years and is located at 851 Alma Real Drive in the Pacific Palisades.

"We express our deep gratitude to FireAid, GameTime, and Banc of California for their generous donations," said Tony Budrovich, President and CEO of the Los Angeles Parks Foundation. "This support comes out of a successful private and public partnership aimed at revitalizing the playground within the Palisades community. The Palisades Park plays a vital role in the community, providing families with opportunities for recreation and fostering a sense of togetherness, which is more important than ever." 

Catering to children from 5 to 14 years-old, there will be two adjacent playgrounds featuring a new rubber surface. These modernized play areas will be fully accessible and equipped with integrated shade to ensure a secure environment for play. Additionally, the design will incorporate a play fire truck as an homage to first responders for their dedicated efforts in combating the Palisades fire.

About the Los Angeles Parks Foundation
The Los Angeles Parks Foundation's mission is to enhance, expand, preserve, and promote public recreation, parks, and open space for the diverse people of Los Angeles. With the 2028 Olympics set to draw an international crowd, which will showcase the best of our City, Los Angeles Parks Foundation's work to conserve & beautify LA's City Parks is more important than ever. For more information or to donate, please visit: www.laparksfoundation.org

About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $33 billion in assets and the parent company of Banc of California. Banc of California is one of the nation's premier relationship-based business banks, providing banking and treasury management services to small-, middle-market, and venture-backed businesses. Banc of California is the largest independent bank headquartered in Los Angeles and the third largest bank headquartered in California and offers a broad range of loan and deposit products and services through 80 full-service branches located throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The bank also provides full-stack payment processing solutions through its subsidiary, Deepstack Technologies, and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The bank is committed to its local communities through the Banc of California Charitable Foundation.

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SOURCE Los Angeles Parks Foundation

FAQ

How much did FireAid donate to restore the Palisades Park playground damaged by wildfires?

FireAid donated $1 million to restore the Pacific Palisades Playground that was damaged in the January Southern California wildfires.

When will the restored Palisades Park playground be completed?

The playground restoration is scheduled to be completed by July 4th, 2025.

What features will the new Palisades Park playground include?

The playground will feature two adjacent play areas with rubber surfaces, integrated shade structures, and a play fire truck, designed for children aged 5-14.

What is the total funding received for the Palisades Park playground restoration?

The total funding exceeds $1.3 million, including FireAid's $1 million, GameTime's $300,000 in-kind contribution, and an additional donation from BANC's Wildfire Relief Fund.