San Diego investor, philanthropist Conrad Prebys dies at 82


Save Story

Estimated read time: 1-2 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SAN DIEGO (AP) — Conrad Prebys, a major philanthropist in medical research and the arts who made his fortune building and managing apartment buildings in San Diego, has died, his family said Monday. He was 82.

Prebys was one of San Diego's most prominent donors whose beneficiaries included San Diego State University, San Diego Zoo, San Diego Museum of Art and Scripps Health. Last year, he donated $100 million to the Sanford Burnham Prebys Medical Discovery Institute in San Diego.

Prebys died Sunday at Scripps Mercy Hospital after a battle with cancer, his family said in a statement that highlighted his contributions to health care, medical research, music, theater, youth services and wildlife preservation.

Prebys was born Aug. 20, 1933, in South Bend, Indiana, and had humble beginnings. He credited a high school drama teacher for exposing him to the arts and encouraging him to continue his education.

After becoming the first of five brothers to graduate from Indiana University, Prebys moved to San Diego in the 1960s and co-founded Progress Construction Co.

"When I came to San Diego, I had 500 bucks on me, no car, no job and no prospects," Prebys said, according to a story in The San Diego Union-Tribune last year. At first, Prebys slept in the office in a sleeping bag for months until he could afford to rent an apartment.

Last year, Forbes estimated that his holdings were conservatively worth $1 billion.

His gifts included a $45 million contribution to build the Prebys Cardiovascular Institute at Scripps and a $25 million commitment to the Salk Institute for Biological Studies, also in San Diego.

Prebys is survived by his partner, Debbie Turner.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent U.S. stories

Related topics

The Associated Press
    KSL.com Beyond Business
    KSL.com Beyond Series

    KSL Weather Forecast

    KSL Weather Forecast
    Play button