Peter B. Caloyeras died suddenly of a heart attack on Tuesday, December 5th, in Gardena at the age of 76.

In 1974, he established the Basil P. Caloyeras Center for Modern Greek Studies in honor of his father at Loyola Marymount University in Westchester.

He served the university for more than 30 years under four presidents, the last 12 years as a member of the Board of Trustees. In this capacity, he helped guide the university through a period of growth and expansion.

His death is an incalculable loss to the Greek-American community due to the qualities he embodied: decency, compassion, energy, intelligence, generosity and great love and devotion to the Greek culture.

Caloyeras was a philanthropist in the truest sense of the word. He was unstinting in his commitment and generosity to higher education, Hellenism and medical research.

He understood the importance of providing sustenance and assistance for the generations to come.

Caloyeras was born in Syros, Greece on July 14th, 1930, and raised in Athens. He moved to the United States in 1948 and attended North Carolina State University, earning both a bachelor’s and master’s degree in electrical engineering.

Upon graduation, he moved to Los Angeles, enrolled at University of Southern California and earned a second master’s in engineering. In 1960, he founded Magnetika, Incorporated, a company specializing in the design and manufacture of custom magnetic components such as transformers and power supplies, mainly for the aerospace industry.

He worked at Magnetika until the day of his death. In addition to his engineering business, he was a founding member of Metrobank and in 1996, he started Goodfish, a fish farming business in Greece that conserves and exports fish all over the world.

Caloyeras was actively involved in a number of organizations, including LA/Athens Sister Cities Affiliation, Hellenic University Club, American Hellenic Educational Progressive Association, American Hellenic Council, Robert F. Kennedy Medical Center, Young Presidents Organization, Young Presidents Organization Graduates, World Presidents Organization and Axios.

He is survived by his wife of 36 years, Beverly; three children, Alexandra, Aliki and Basil and their spouses; two grandchildren; one sister and brother-in-law; one niece and nephew; as well as five great-nephews.

Caloyeras will always be remembered as a great American and a committed Hellene — an inspiring friend to all who knew him.

The family asks that donations in his honor are made to the Basil P. Caloyeras Center for Modern Greek Studies, Loyola Marymount University, 1 LMU Drive, Suite 3700, Los Angeles, CA 90045.