Couple donates $750K home to Fresno Pacific
- Published on 08/14/2012 - 10:45 am
- Written by Business Journal staff
New Fresno Pacific University president Pete Menjares is being welcomed to the city with a 4,500 square-foot home being donated by a prominent local business leader and his wife.
Menjares, formerly an administrator and professor at Biola University in Southern California, was hired on as FPU's 11th president last month. He replaces the now retired Dr. Merril Ewert, who filled the role for more than a decade.
Now, Menjares and his wife Virginia will be the first couple to fill the home following its christening as an FPU presidential residence.
Located at 5406 Columbia Drive in south Fresno, the 48-year-old home was donated by Ted and Joyce Smith.
Valued at $750,000, the two-story, ranch-style home includes three bedrooms, a guest house, koi pond, a Jacuzzi and waterfall, a horse corral and barn and more than 100 rose bushes.
The Smiths first moved into the home in 1970. Originally sized at just 2,200 square feet, an expansion completed in 1999 brought it to its current 4,546 square feet.
The Fresno natives were married in 1956. Up until four years ago, Ted Smith, a pilot in both the U.S. Air Force and California Air National Guard, owned the global recognized TSE Brakes.
Now a subsidiary of Warren Buffet's Berkshire Hathaway, the company manufactures air brake chambers for trucks.
Ted Smith has also had business interests in a Mac Truck Dealership, a truck leasing franchise and a property management company.
For many years, he also served on the Hume Lake Christian Camp Board and the boards of Youth for Christ and The Bridge Church and helped establish Clovis Evangelical Free Church.
Joyce Smith has had a similar influence in the local Christian community, both as a frequent conference speaker, a missionary and a longtime Bible study leader and writer.