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Laguna Beach couple s estate donates $1 8M to Laguna College of Art and Design

Laguna Beach Local News Wayne Peterson, left, and Terry Smith, were known locally as generous philanthropists. In 2014, the couple enjoyed the spotlight at LCAD’s gala for their numerous contributions to the college. Photo courtesy of Paul Allen. The estate of a longtime Laguna Beach couple recently bequeathed $1.8 million to the Laguna College of Art and Design (LCAD), marking the largest gift in the school’s history. Former LCAD Trustee Terry Smith died on Sept. 29, 2016, and his life partner, former Laguna Beach mayor Wayne Peterson, died just over three years later. The Smith-Peterson estate gift will be used to improve student amenities, including food, safety, and technology.

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