Eisner Fund Receives Big Block of Stock

Michael Eisner, the Walt Disney Company’s chief executive, and his wife, Jane, have given one million shares of Disney stock to their recently created foundation.

The contribution, worth more than $89-million as of last week, increases the Eisner Foundation’s endowment to about $100-million.

The gift to the foundation was made in April but was announced only last week in response to inquiries about a disclosure made on a form filed with the Securities and Exchange Commission.

Jane Eisner, president of the foundation, said that its primary purpose is to help poor children, kids who have learning or other disabilities, and their families. Grants will be used for education and medical care, with a special focus on southern California.

Mr. Eisner said that the donation followed a tradition of family giving that started with his grandfather and that would continue as a family project with his wife and three sons.

For more information, contact Laura Hobart, Executive Director, Eisner Foundation, 433 North Camden Drive, Suite 1200, Beverly Hills, Cal. 90210; (310) 205-2071.