Philanthropist Regena Cole alleges she was manipulated and deceived into giving funds to the university’s music program.
In honor of her late husband’s love of music, Regena Cole pledged $16.4 million in 2008 from the Bob Cole Trust to the CSULB music department. The gift, which was the single largest donation in CSULB history, established the Bob Cole Conservatory of Music seen here in Long Beach on Tuesday, June 18, 2024.
CSU trustees and the 49er Foundation did not return phone calls and emails seeking comment. Streltzer and Cole could not be reached. As a result of the donation, Michele Cesca, former chief executive officer of the 49er Foundation, was aware of Cole’s history of philanthropy and took advantage of her gradual memory lapses and moments of confusion, according to the suit.
The 49er Foundation presented an agreement to Cole for her to give an irrevocable $25 million gift largely to benefit new construction of the Robert Bersi University Music Village. According to the suit, if the donation wasn’t fulfilled during Cole’s lifetime, the unpaid amount would be fulfilled through her estate upon her death.
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