Richard and I talked about it. The Lundquists have been involved with the hospital for several years, both as patients and donors. Public dollars alone can no longer sustain our society. L.A. County Supervisor Janice Hahn, who represents the South Bay, said the Lundquists donation helps ensure healthcare is accessible for the community. Still, during the same period, the hospital also increased its share of the local market by 2 percentage points to almost 26 percent, Leach said. Pride festival. Latest $32 Million Donation by Melanie & Richard Lundquist Will Establish Neuroscience Institute and Orthopedic & Spine Institute at Torrance, CA Hospital June 15, 2017 04:07 PM Eastern Daylight Time One of Mr. Grosss closest neighbors in Laguna Beach is Oculus VR founder Brendan Iribe, who paid more than $30,000,000 for an Irvine Cove residence thats literally a stones throw away from Mr. Grosss compound. In February 2008, the company completed construction of and opened the InterContinental San Francisco, the largest new hotel developed in San Francisco in the last thirty years. For many generations to come, this beautifully designed new medical complex, along with all those working in it, will provide advanced medical care for the entire community.. The Lundquists $50 Million gift to the Partnership is the largest private donation ever made to Los Angeles schools. In addition to their own $50 million donation, doled out over 10 years, the Lundquists have tapped their many business connections to help raise money from a number of corporations and foundations. Give your time, talent, and treasure for the love of humanity.. Must be nice to have that kind of spending power, huh? Students apply and are selected to join the program during their seventh and eighth grade school year. The nonprofit grew out of Melanie Lundquists search to find an organization or a program that would work steadily over time to repair and transform what she views as the nations broken school systems. They had very good reasons not to believe in us.. May 24, 2022 McPherson College in McPherson, Kansas, has announced a $25 million gift from Melanie and Richard Lundquist. Before joining The Times in 2013, she worked for the Oregonian, San Francisco Chronicle, Nation magazine in D.C. and Thomson Reuters in London. For decades, he very successfully led and grew the company as Chief Investment Officer. Records show Mr. Grosss new mansion which appears to be contemporary in style was completed sometime in 1989. Additionally, it takes smart leaders to move a college ahead, and we appreciate the good work of President Schneider and his team. McPherson College has conferred honorary doctorates on Melanie and Richard Lundquist to recognize the couples significant body of work in driving systemic change in K-12 public education, health care delivery and innovation as well as the environment. Much to the shock, awe, and/or delight of onlookers, they immediately razed the existing structure and were all prepared to construct a new OC home base. She says her public school teachers were some of the most influential people in her life. We are especially touched that the honorary degrees are being conferred by McPherson College, a place that for over 130 years has been educating students with a special focus on service. (You can unsubscribe anytime), Partnership for Los Angeles Schools is a 501 (c)(3) Organization. Melanie and Richard Lundquist are agents of change and two of California's most significant philanthropists. Back in 2002, Mr. & Mrs. So their gift agreements with the medical center, which has named a building and the cardiovascular center for them, include a provision aimed at spurring donor bidding wars. A $50 million stretch goal was then established. This five-year fellowship program seeks to further develop students who have demonstrated outstanding leadership and commitment to their schools, education, and communities with an academic scholarship and opportunities for personal and professional growth. Due to the pandemic, the hooding ceremony was delayed until this years commencement exercises. Gross came and shut the haters down. Richard and Melanie Lundquist said they were impressed with the final product. Melanie holds undergraduate and graduate degrees from the University of Southern California in communicative disorders/speech pathology and audiology, as well as a credential as a specialist in special education. AltaSea at the Port of Los Angeles is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation, and inspiring the next generation, all for a more sustainable, just, and equitable world. Well, now you have. California philanthropists and Giving Pledge Signatories Drs. Privately and ideally sited in the lower area of Beverly Hills Trousdale Estates neighborhood, Ohana sits on a gated flag lot of nearly an acre. It is an exciting time at AltaSea, and I know our new board leadership will continue to foster the innovation and collaboration AltaSea has become known for, said Tamminen. Both Melanie and Richard were recognized by the Los Angeles Unified Board of Education in 2018 for their efforts to accelerate student achievement in the nations second-largest school district. The two slowly became friends and over time they started dating. 2023 Dirt.com, LLC. As Lundquist Fellows, students gain exposure to college and career experiences, including participation in the annual summer Oregon Young Scholars Program, opportunities to serve as ambassadors for their schools, communities, and the Partnership, recognition of their fellowship participation at a yearly ceremony, and more! On average, MMA Capital Inc executives and independent directors trade stock every 20 days with the average trade being worth of $136,434. However, Mr. Gross is well-known for his very, very healthy appetite for luxury real estate. Torrance Memorial Medical Center has now received a total of $100 million from Los Angeles philanthropists Melanie and Richard Lundquist. Now get this, kiddies. It is the largest gift ever to a small, private liberal arts college in Kansas and among one of the largest to any college in Kansas. The house has 10,000 square feet of interior space with 5 bedrooms, 7.5 bathrooms, a gym, two kitchens, and an infinity pool with baller-style views out to the Pacific. The house was never on the market, so there arent any listing photos or many facts/figures publicly available, but according to tax records the current, rather ho-hum structure was built in 1969 and spans 5,437 square feet with 4 bedrooms and 6 baths. The previous owner of that house, sadly enough, hanged herself inside the massive mansion only a year before the sale. The couple, who just signed the Giving Pledge last month, say their future philanthropic plans include giving much of their wealth away during their lifetimes (they declined to reveal their net worth), and they plan to continue to give big to the two causes they care about most. They also support innovative solutions to climate change through AltaSea at the Port of Los Angeles and the Marine Mammal Center in Sausalito, California. Third of all, that you knew where you were. Were truly lucky to have Richard and Melanie as members of the McPherson College family and this conferral recognizes that, said Schneider. We are unable to fully display the content of this page. She and her husband Richard are the second-largest donors to AltaSea behind the Annenberg Foundation. They choose not to follow the crowd; instead, they seek to kick off a virtuous cycle that attracts other donors. Senator Jerry Moran. Some of the funding will also go toward improving the care delivered to surgical and intensive care unit patients, he said. The gift. August 3, 2022 | Giving Pledge signatories Lyda Hill and Lynn Schusterman, along with Lynn's daughter, Stacy Schusterman, are among this year's recipients of the Carnegie Medal of Philanthropy for their exemplary track record of giving and the impact of their generosity. Here we are six years later and we are now at $130 million in giving for this building.. But you knew that already, right? The Lundquists are signatories of the Giving Pledge, the movement where some of the worlds wealthiest individuals and couples commit to give more than half their wealth away. It was an ambitious concept for nonprofit involvement in a public-school system. That's a net gain of about 50 after about 200 are closed in the older . I was one of those blue-haired little old ladies working the desk on Thursday nights, she says. The grand opening will be held on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. Have you ever heard of a $35 million house that has to share its driveway (and gate) with the next door neighbors? You may then be asked to log in, create an account if you don't already have one, Expansive windows that allow light to flood in is a constant theme throughout the building, said Connie Senner, director of construction. You are also agreeing to our Terms of Service and Privacy Policy. I have a real thing about womens heart health, so I said to Richard, What if we do this?". Thats a $3.5 million loss for Mr. On June 3, 2014, the large, multi-winged house directly across the street from Mr. Grosss house unexpectedly sold for a very serious $19,800,000. They have given away about $190 million so far, primarily to education and health care in the Los Angeles area, where they spend most of their time and devote much of their giving. Richard holds an undergraduate Bachelor of Science from the University of Southern California. The gift announced this week brings the couples total contributions to the hospital to $100 million over the last 11 years. We have had the pleasure of getting to know many McPherson College students and hosting them in California. Richard served for over ten years as Chairman of the Foundations Board of Directors. Staying student-centered is at the heart of everything we do at the Partnership and were proud to support our Lundquist Fellows. Gross took a $2.2 million loss on this one, not counting demolition fees and all those other costs involved with buying and selling a property of this magnitude. Those first gifts happened, says Richard Lundquist, because in the years leading up to them, the couple saw continuity and consistency in the ways the hospitals leaders operated, and in its decades-long financial health. Rooms also have sleeper sofas for friends and family and a tablet arm for charging mobile devices. Leach said thats a reflection of nationwide trends from the past six years. The institute has more than 120 medical researchers working on 600 studies, including therapies for multiple orphan diseases. Yolanda, of course, opened her own investigation and it only took a couple minutes of research before we discovered (and as you probably already guessed) that this White Tiger Trust is very easily connected to the man himself William H. Gross, aka Bill Gross. Our goal now is to encourage fresh thinking, new ideas and a real commitment from business and science to uncover those answers and put them to work improving our lives and the health of our planet.. Knatz, an elected member of the National Academy of Engineering, took over as chair of the board in January 2022. All Rights Reserved. Send us a tip using our anonymous form. Its among the 60 biggest gifts in the healthcare sector since 2005. Gross acquired the golf-green-fronting lot located within the guard-gated Vintage Club neighborhood in 1995 for $2,500,000 and tax records show the current, contemporary mansion was completed in 2002 and has 11,316 square feet with 4 bedrooms and 6.5 baths. The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana . A little web research reveals he is CEO of the Quinn Group, a massive Fresno, CA-based lessor of Caterpillar tractors and related equipment. LOS ANGELES, Nov. 21, 2019 /PRNewswire/ -- Southern California philanthropists Richard and Melanie Lundquist have made a $5 million gift to AltaSea at the Port of Los Angeles to advance ocean . Melanie is a sought-out voice on public education and philanthropic issues. They are co-founders of the Partnership for Los Angeles Schools, a sustainable, national turnaround model for underserved non-charter K-12 public schools. In June 2018, the Chronicle of Philanthropy featured the Lundquists in a profile story titled A Lifetime Commitment: LA couple, who have signed the Giving Pledge, donate to groups that need them the most. They have appeared four times on The Philanthropy 50, the annual list of Americas 50 most generous philanthropists, published by the Chronicle of Philanthropy. Gross paid an even-steven $20,000,000 for a spectacular mansion on famed 17 Mile Drive in Pebble Beach (CA). Richards company is also the landlord for the global headquarters of electric vehicle automaker Fisker, Inc. as well as the iconic American automotive magazine, Motor Trend. Richard earned his Bachelor of Science Degree from the University of Southern California. Gross has done much with the large spread across the street in the past two years. They have to leave the region for certain procedures, which can be inconvenient or even dangerous. He was busy building a real-estate business, and she was a speech pathologist working with special-education children. Earlier this month, Richard donated his prized Enzo Ferrari 1972 365GTB/4 Daytona, marking the first Ferrari in the automotive restoration programs 45-year history. About Dr. Richard Lundquist, LHD Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern California. But Saturdays grand opening for the 390,000-square-foot tower will include nurses in vintage uniforms and appearances by actors playing hospital founders Jared Sydney and Helena Torrance. The Lundquists say they dont believe their name should be on a building forever. Their kids are the dozens theyve gotten to know of the 14,500 children and teens the couple have sought to help since 2007, the year they gave $50 million to launch the Partnership for Los Angeles Schools, a nonprofit aimed at improving student success in 18 of the highest-need public schools in Los Angeles. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. Please, persevere. They have carved out a path less traveled helping to improve outcomes for people, especially those living at the margins. The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana. While Mr. They are indeed special. The Lundquists, both 65, pledged $50-million to Torrance Memorial Medical Center to build a new main patient tower, bringing their total gifts for the tower to $55-million. Most unusually, the property shares its driveway with another house. TORRANCE >> About $10 million under budget and six months ahead of schedule, Torrance Memorial Medical Centers $480 million seven-story tower opens to the public Friday and Saturday for tours and speeches. Blah blah blah. Sixteen original art installations, many with South Bay themes, are scattered throughout the tower. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. Their contributions to the medical center and the Partnership for Los Angeles Schools reveal an overriding aspect that surrounds most of the Lundquists giving: They prefer to devote their biggest donations to groups they seek out and get to know over time, and they want those donations to have a big impact on the organizations and people they are trying to help. Anyway, Mr. & Mrs. Then, exactly one week later on June 10th a two=story mock-med house next door to Mr. Grosss place sold for $16,000,000. The Lundquists are signatories of the Giving Pledge and have appeared four times on The Philanthropy 50, the annual list of Americas 50 most generous philanthropists. The Richard C. and Melanie F. Lundquist Family Foundation Company-sponsored foundation EIN 954872582 Location 2041 Rosecrans Avenue Suite 200 El Segundo, CA United States 90245 Contact Information Telephone: 3106401520 Its named after the Palos Verdes Estates philanthropists who contributed $50 million to the project and have donated about $70 million to the hospital overall through the years. Eventually, patients will be able to order meals akin to room service in a hotel, request housekeeping services and buy gift shop items. Can virtual reality reduce high blood pressure at a church in South L.A.? McPherson College is a special place that embraces the love of humanity, said Melanie Lundquist, while announcing her and her husbands first major philanthropic gift outside of California. The hospital will also use the money to provide better stroke care. Wake up to the day's most important news. The new private rooms patients share rooms in the old part of the hospital, which is not optimal for patient privacy or infectious disease control are 30 percent larger than existing rooms. Other nearby Indian Wells neighbors include a multitude of billionaires: worlds richest man Bill Gates, industrialist Charles Koch, Montanas richest man Dennis Washington, Texas ranch/oil heiress Anne Windfohr Marion, and Mercedes-Benz heiress Ingrid Flick. Most notable among her philanthropic activities is her generous support of the Partnership for Los Angeles Schools. In the early 2000s the Lundquists became better acquainted with the medical centers leaders through their real-estate dealings, and by 2005 they heard the hospital was looking for a donor to support a new cardiovascular institute. In addition to his $40+ million compound in Laguna Beach, he also owns another super-luxe modern compound in the Palm Desert resort town of Indian Wells, CA its pretty much the Beverly Hills of Riverside County. She previously served as the executive director of the Port of Los Angeles from 2006 to January 2014. The second floor boasts the towers most intensive uses, with a dozen new operating rooms, including the South Bays first hybrid operating room, which allows surgeons to perform high-risk, minimally invasive surgeries and then switch to more conventional open surgery if needed, an adaptive approach designed to accommodate the medical needs of an aging population. In addition, she is a significant donor to the Alliance for College-Ready Schools, a Los Angeles charter organization. To apply, access the application by clicking here. In 2014, she was named a member of the National Academy of Engineering in recognition of her international leadership in the engineering and development of environmentally clean urban seaports. Rather than following the path of so many wealthy donors who back charter-school efforts, the Lundquists wanted to devote their money and attention to where the majority of todays youths receive their education public schools. Hes known as the Bond King in American finance and the Old Grey Lady herself even referred to him as the nations most prominent bond investor. She was raised in Thousand Oaks and graduated from UC Berkeley with degrees in biology and English literature. Over the last 20 years, insiders at MMA Capital Inc have traded over $3,826,546 worth of MMA Capital Inc stock and bought 470,846 units worth $12,697,475 In January, the Partnership released a public report (paid for by the Carnegie Corporation) analyzing what the organization has accomplished over the past decade. They both attended the University of Southern California, for example, but say they have no intention of leaving the university any money because they dont think USC needs it. 2022 McPherson College. Gross no longer works with PIMCO. Their Building Community fundraising campaign was launched in October 2019 with a goal of $20 million, which was met 2 years ahead of schedule in December 2020. He left in a blaze of glory, publicity, and schadenfreude back in 2014 and is currently suing the company he co-founded for wrongful termination (PIMCO says he left voluntarily, though Gross says otherwise). His answer? McPherson College Bestows Honorary Doctoral Degrees on Melanie and Richard Lundquist for Body of Work Creating Systemic Change. Residential Links: www.philanthropy.com By: jdubble07 Advertisement Around the World Mailing List Advertisement Both houses were acquired by the very same buyer a mysterious entity calling itself the White Tiger Trust. Melanie F Lundquist: 2041 Rosecrans Ave Ste 200, El Segundo, CA 90245-4792: 202112: . Their work has created measurable results everywhere they go, and it proves that thoughtful philanthropy can lead to meaningful change.. The Doctor of Humane Letters (LHD) degrees were awarded by McPherson Colleges Board of Trustees and faculty, who voted unanimously to recognize the Lundquists with the honorary degrees. I am looking forward to rolling up my sleeves and helping implement their Community by Design campus expansion plans. Lundquist is President & CEO of Continental Development Corporation, one of the most respected owners and developers of Class-A commercial, office, hotel and retail real estate projects in California. Their gifts have created the Partnership for Los Angeles Schools, a sustainable, national turnaround model for underserved non-charter K-12 public schools that works within the Los Angeles Unified School District. About Dr. Lundquist Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. Lundquist Fellows also receive a scholarship each year they fulfill program requirements, totaling $2,000 after completing five years of participation. She is past president of the American Association of Port Authorities and past president of the International Association of Ports and Harbors. More unemployment meant fewer people with medical insurance, while advances in medical technology and more restrictive policies from insurance companies have reduced in-patient stays, affecting profitability, he said. The $32-million gift will go toward the creation of an orthopedic and spine institute as well as a neuroscience institute. In November 2020, McPherson College conferred honorary doctorates on Melanie and Richard to recognize the couples significant body of work in driving systemic change in K-12 public education, health care delivery, and innovation, as well as the environment. For their hospital stays, donors have first dibs on five patron rooms that are larger than regular rooms. Charles Butt H-E-B United States Charles Butt is the chairman and CEO of H-E-B, a grocery chain in Texas and northeastern Mexico founded by his grandmother. I call them heroes, Leach said of the Lundquists. But Melanie Lundquist, who volunteered at the hospitals front desk for more than a decade, said she saw firsthand the vital services Torrance Memorial provides. Melanie was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. In 2019, during a McPherson College event at their home in Pebble Beach, the Lundquists announced the first-ever $1 million gift to the colleges Automotive Restoration program, the only four-year degree program of its kind in the U.S. This is a statement that Melanie and Richard Lundquist can relate to. Heres how. Last updated: 21 July 2019 at 11:53pm EST. Mr. Grosss blufftop house is one of the largest mansions in the pricey community, weighing in at a decidedly-portly 13,819 square feet with 6 bedrooms and 8 bathrooms. Richard and Melanie Lundquist are Southern California real estate investors and are one of the most philanthropic donors in the United States. Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern California. Then Mr. Melanie holds undergraduate and graduate degrees from USC in communicative disorders/speech pathology and audiology, as well as a credential as a specialist in special education. There are perks for donors who contribute more than $150,000. The impact of the Lundquists gift and friendship is truly immeasurable.. Knatz was the first donor to AltaSeas Doors to the Future Campaign, purchasing Door No. LOS ANGELES, Feb. 11, 2019 /PRNewswire/ -- Southern California philanthropists Melanie and Richard Lundquist have donated $70 million to the Los Angeles Biomedical Research Institute (LA BioMed . The facility was built to withstand the largest earthquake geologists say the South Bay could face a magnitude of 7.4, Leach said. Patients will no longer need to be referred out of the South Bay for neurological care, Torrance Memorial Chief Executive Craig Leach said. Gross purchased his Irvine Cove property way, way back in March 1988. During the past twelve months, AltaSea has secured $24 million in local, state, and federal funding commitments and is a finalist for a $32 million U.S. Economic Development Administration federal grant. We are transitioning beyond our support of K-12 public education and are hoping this gift spurs more support of well-run small liberal arts colleges in the U.S., said Richard Lundquist, who will be joining the Colleges Board of Trustees. Then theres Apple CFO Luca Maestri who paid $9,000,000 for his forest-like 17 Mile Drive property, and Palos Verdes-based philanthropists Richard & Melanie Lundquist, who just this April (2016) slammed down $28,000,000 for a major 17 Mile Drive estate and they already own a smaller home on the very same road! Among the successes: Graduation rates and student performance in math and other subjects at most of the participating schools have improved. But the report makes clear that more needs to be done, and to that end the Lundquists donated an additional $35 million last year. Gross who has been married to his second wife, Sue Frank, for over 30 years and has three grown children, FYI is also a major philanthropist and one of the worlds top stamp collectors. The Lundquists relationship with McPherson College started in 2014. Many teachers and school administrators working in some of the toughest tumbledown schools were skeptical. Every day, we look out over the ocean and know that the answer to a lot of the earths challenges is out there somewhere. McCarthy served as general contractor of the hospital facility, which was delivered over four-and-a-half months early and $10 million under budget. Do you have info to share with HuffPost reporters? AltaSea has also been a hub for the national discussion about effective and sustainable use of ocean resources, hosting U.S. House Majority Leader Steny Hoyer, Congresswoman Nanette Barragn, Los Angeles Mayor Eric Garcetti, State Senator Steve Bradford, Assemblyman Richard Bloom, former California Governor Arnold Schwarzenegger, and many others interested in this unique and innovative public-private ocean institute. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. . Gross, not counting taxes, carrying costs, real estate fees, etc. Southern California philanthropists and real-estate investors Richard and Melanie Lundquist like to give big to causes and nonprofits that need them the most. Melanie is a member of the University of Southern California (USC) Presidents Leadership Council and the USC Rossier School of Educations Board of Councilors, as well as Vice Chair of the Board at the Partnership for Los Angeles Schools. Richard also serves on the El Segundo Economic Development Corporation Board of Governors and the Lundquist Institutes Board of Directors. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. Part of HuffPost News. How about yall? Who is Blake Quinn? It was important to us when you walked through those front doors that you could see all the way through (the building) so you would be oriented to where you are.. Third-generation philanthropist Melanie Lundquist has donated more than $150M in an effort to achieve equality in education and health SoCal By Allison Brunner / November 6, 2017 Native Angeleno Melanie Lundquist is a leading philanthropist who focuses her support on various healthcare and education initiatives. 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