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. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. 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. 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. It recently opened USCs Nuzhdin Aquaculture Lab and Holdfast Aquaculture Lab. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. The Lundquists have also spurred biomedical innovation and research through their significant gifts to The Lundquist Institute and have supported McPherson College with the largest-ever gift to a private liberal arts college in Kansas. McCarthy served as general contractor of the hospital facility, which was delivered over four-and-a-half months early and $10 million under budget. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her philanthropic work. Please make sure your computer, VPN, or Some of the other richie-rich residents on ultra-exclusive (and gated) Harbor Island include billionaire Donald Bren and billionaire George Argyros. May 24, 2022 McPherson College in McPherson, Kansas, has announced a $25 million gift from Melanie and Richard Lundquist. 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. Yes, kiddies, a tractor landlord can afford a $20 million vacant lot in one of the OCs most exclusive enclaves. She previously served as the executive director of the Port of Los Angeles from 2006 to January 2014. Most donations to healthcare organizations go to research institutes, such as those trying to cure cancer, or to hospitals testing out the latest technologies or therapies to treat rare medical conditions. 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. (Thomas R. Cordova / Staff Photographer). Unfortunately, we dont know Mr. 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. If you continue to experience issues, contact us at 202-466-1032 or help@chronicle.com. Maybe well get together with the kids or something, adds her husband. No pun intended. She also lends her support to the Fulfillment Fund's endowment fund for college scholarships, and has taken active roles in Inner City Arts, United Friends of the Children, and Alliance for Children's Rights, among others. Some of the funding will also go toward improving the care delivered to surgical and intensive care unit patients, he said. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. We had to overcome decades of unfulfilled promises that were made to our teachers who were promised solutions, and few if any ever worked, she says. We applaud all of the people who participated in bringing this extremely complicated development project to fruition, both ahead of schedule and below budget, Richard Lundquist said. Nobody thought Ms. Aniston would ever get anywhere near $30 million for that house. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. "Melanie and I have invested both our time and financial resources at the institute," Richard Lundquist. Anyway, Mr. & Mrs. Wallmine is a radically better financial terminal. 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. We wouldnt be featuring him if he had a Warren Buffett-style real estate situation. The Lundquists have been involved with the hospital for several years, both as patients and donors. Richard and Melanie Lundquist are Southern California real estate investors and are one of the most philanthropic donors in the United States. We want our name to be temporary, so if somebody comes along and donates as much as weve put in plus $1, they can take our name down.. LOS ANGELES - Southern California philanthropists Melanie and Richard Lundquist have donated $70 million to the Los Angeles Biomedical Research Institute (LA BioMed), a gift that will transform the institution by giving it a sustainable source of unrestricted funding to recruit and retain top researchers and provide the needed support and Among the successes: Graduation rates and student performance in math and other subjects at most of the participating schools have improved. Richard and I look forward to visiting campus in October. But, as is common with really rich folks, the Grosses had a change of heart and instead flipped the vacant lot on the market with a ballsy asking price of $26,900,000 in 2011. 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. Sixteen original art installations, many with South Bay themes, are scattered throughout the tower. What impresses me is how AltaSea connects research to action in the fight against climate change, Lundquist said. Last updated: 21 July 2019 at 11:53pm EST. Lundquist was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. 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. 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. We are unable to fully display the content of this page. In addition, AltaSea has been a leader in encouraging both business pioneers and students, launching the first ever Watts-based blue economy collaborative for minority entrepreneurs earlier this year and engaging 34 LAUSD Schools in LA STEM Collective educational programming focused on the ocean. jscott@vectisstrategies.com 2022 McPherson College. The Lundquists bring joy and possibility to our lifes work at McPherson College and the work of so many others. He won, and with input from others, the Partnership eventually grew from a rough idea to a full-fledged nonprofit in two years. I appreciate the Lundquists for understanding how vital institutions like McPherson College are to our local communities and the nation, and I look forward to seeing the benefits of their generosity for years to come, said Kansas senior U.S. 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. 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. All Rights Reserved. L.A. County Supervisor Janice Hahn, who represents the South Bay, said the Lundquists donation helps ensure healthcare is accessible for the community. Richard also serves on the El Segundo Economic Development Corporation Board of Governors and the Lundquist Institutes Board of Directors. California philanthropists and Giving Pledge Signatories Drs. The hospital installed an interactive system that provides patients with health education videos or movies on demand on 40-inch HD televisions. $25M Surprise Gift Announced During McPherson College Commencement. Staying student-centered is at the heart of everything we do at the Partnership and were proud to support our Lundquist Fellows. However, Mr. We told (the architects) we wanted something unique and special for this community. They have appeared four times on The Philanthropy 50, the annual list of Americas 50 most generous philanthropists. Richard holds an undergraduate Bachelor of Science from the University of Southern California. We hope this gift will cause everyone to pay greater attention to the value of small liberal arts colleges. Unfortunately for the Grosses pocketbooks, the vacant land did not sell until April 2014, when Blake Quinn paid $20,800,000 through an LLC for the prime parcel. 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. Thats a $3.5 million loss for Mr. 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. We are proud to recognize them with these honorary degrees, said Amanda Gutierrez, vice president for the colleges auto restoration program. Wake up to the day's most important news. Southern California philanthropists and real-estate investors Richard and Melanie Lundquist like to give big to causes and nonprofits that need them the most. Thats $35,800,000 that this mysterious trust threw down in the span of a week all cash. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. She says her public school teachers were some of the most influential people in her life. Melanie and Richard Lundquist are agents of change and two of Californias most significant philanthropists. 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. These deals were kept hush-hush. This is a statement that Melanie and Richard Lundquist can relate to. 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.. Most notable among her philanthropic activities is her generous support of the Partnership for 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. But we took a look at recent (2016) aerial imagery and it does not appear that Mr. In the country there are 11 million fewer patient days today than there were in 2008, Leach said. The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana . For frequently asked questions please click here. In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. 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. A $50 million stretch goal was then established. The most recent stock trade was executed by Frederick W Puddester on 2 July 2020, trading 722 units of MMAC stock currently worth $18,129. The tower faces a 16-acre site across Lomita Boulevard that decades from now will house an expansion of the hospital, but until then will serve as staff parking. 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. The couple also helps the medical center attract additional dollars by speaking to groups of potential donors and working with hospital leaders to cultivate relationships with wealthy philanthropists. AltaSeas 35-acre campus devoted to marine and maritime research, education and business entrepreneurialism has an important role to play as Los Angeles helps lead the way in promoting the blue economy, said Knatz, who as the first Executive Director of the Port of Los Angeles from January 2006 through January 2014, helped create and implement the San Pedro Bay Ports Clean Air Action Plan. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. 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.. We really are indebted to them.. That's a net gain of about 50 after about 200 are closed in the older . In addition, she is a significant donor to the Alliance for College-Ready Schools, a Los Angeles charter organization. Example: Yes, I would like to receive emails from The Partnership for Los Angeles Schools. The Lundquists relationship with McPherson College started in 2014. When you walk in, we wanted to make sure that, first of all, its beautiful, Leach said. The Lundquists relationship with McPherson College began in 2012, when Melanie donated tool sets to the schools Automotive Restoration program in honor of Richards birthday. Melanie Lundquist has served on its board of directors for the past six years. All Rights Reserved. Its among the 60 biggest gifts in the healthcare sector since 2005. They have also helped . 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. LOS ANGELES--(BUSINESS WIRE)--AltaSea at the Port of Los Angeles is proud to announce that Dr. Melanie Lundquist, LHD, one of Californias most generous and fearless philanthropists, has joined the AltaSea Board of Trustees; and Dr. Geraldine Knatz, Ph.D., former executive director of the Port of Los Angeles and AltaSea board member since 2018, will lead the organization as board chair. They choose not to follow the crowd; instead, they seek to kick off a virtuous cycle that attracts other donors. The Richard and Melanie Lundquist Fellows Program started in 2010, based on Partnership co-founders' Richard and Melanie Lundquist's vision to help identify and support future leaders in the Partnership's middle schools and high schools. These transactions we are about to discuss all occurred about two years ago. https://www.youtube.com/watch?v=8C5NLfYdZaE, Get our latest stories in the feed of your favorite networks. Recently, his company and a development partner secured approval to build and lease a new 14-acre headquarters and training facility to the Los Angeles Chargers NFL team. Get the latest scoop directly in your inbox. This is humbling for Richard and me. 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). Dr. Melanie Lundquist, LHD, Known as One of Californias Most Active Philanthropists, Plans to Help AltaSea Expand Its Reach to Inspire the Next Generation. The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana. McPherson College is important to the success of our state, and this gift will not only help the college continue to grow, but it will also greatly benefit the McPherson community. 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. Students apply and are selected to join the program during their seventh and eighth grade school year. A special ceremony is being planned on campus for October 2021, contingent on COVID protocols. Mrs. Lundquist and her husband Richard own the Continental Development Corporation which has developed and manages 4 million square feet of premium office, research and development, commercial, retail, restaurant and entertainment properties, including the Intercontinental Hotel in San Francisco, the 30 acre Sky-Park medical Facility in Torrance, CA; and various upscale shopping plazas around Southern California. They also support innovative solutions to climate change through AltaSea at the Port of Los Angeles and the Marine Mammal Center in Sausalito, California. They werent necessarily focused on fixing the school system in their own backyard, but when they hosted a political fundraiser in 2004 that Villaraigosa attended, Melanie Lundquist asked him what his top priorities would be if he won the mayoral race. Commencement Speaker Dr. Melanie Lundquist encourages students to persevere and embrace the nuances in life as she announces largest gift in colleges history. Villaraigosa had to do some arm twisting, as Melanie Lundquist puts it, to get the Los Angeles Unified School Districts board to agree to let the Partnership into the schools. Ive always thought naming rights should be more like whats become customary for sports stadiums; you pay a certain amount a year, and if you dont continue to pay, your name comes down, says Richard Lundquist. Richard earned his Bachelor of Science Degree from the University of Southern California. Patient rooms, waiting rooms and pre- and post-operation areas are built out to exterior walls to take advantage of the light and views. Its going to be a tremendous community asset, said President and CEO Craig Leach. The remainder of the tower is devoted to patient rooms, including 48 intensive care units. David G. Booth, . The largest gift in the college's 135-year history is the largest gift made by the Lundquists outside their native California. McPherson College has seen tremendous growth, with a 300 percent increase in applications and 40 percent increase in enrollment since 2009. The Lundquists other philanthropic passion, health care, has been demonstrated mainly through a series of gifts totaling nearly $100 million to the Torrance Memorial Medical Center, just south of Los Angeles. OVERVIEW: Melanie and Richard Lundquist are leading philanthropists in Southern California and have pledged more than $225 million over the last decade to support education, cultural and health care initiatives throughout the region. In short, hes a very big deal. Gross owns a heavy handful of ludicrously-expensive residences all over the place, his main residence for decades has been in Laguna Beach, behind the Orange Curtain. 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! The previous owner of that house, sadly enough, hanged herself inside the massive mansion only a year before the sale. While Mr. Melanie and Richard Lundquist, LHD, shocked the McPherson College community during its 134th Commencement Ceremony, announcing the couples $25 million gift to the college for the Building Community Campaign the largest gift in the colleges 135-year history. But the monetary outlay required also prompted bond-rating service Moodys to downgrade the hospital last November. The Lundquists are signatories of the Giving Pledge, the movement where some of the U.S.s wealthiest individuals and couples commit to give more than half their wealth away. The Lundquists say they dont believe their name should be on a building forever. 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 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. Specifically, he resides in Irvine Cove, perhaps Orange Countys most exclusive and expensive guard-gated community. 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 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 About Dr. Richard Lundquist, LHD Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern California. Their gifts have created the Partnership for Los Angeles Schools, a sustainable, national transformation model for underserved non-charter K-12 public schools and they have made the largest single donor contribution to a non-teaching/training hospital in the United States to establish cardiovascular, neuroscience and orthopedic institutes and the expansion of the emergency department at Torrance Memorial Medical Center. 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. or subscribe. But apparently thats not space for this certified Real Estate Baller. No kidding. Expansive windows that allow light to flood in is a constant theme throughout the building, said Connie Senner, director of construction. During the pandemic, he co-developed and opened the 5.7-acre Del Rey campus, the newest office campus on the Westside of Los Angeles, where Electronic Arts the pioneering video game company is the anchor tenant. Although Torrance Memorial already is the largest acute-care hospital in the South Bay, the new tower will increase the total number of beds to 446. And then theres furniture & real estate power couple Alan & Twila True, who in 2010 paid $27,000,000 through their Telluride Trust for the massive mansion at the end of the island. The Lundquists are philanthropists from the wealthy Los Angeles suburb of Palos Verde Estates. 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. We want to make transformative contributions and create systematic change, and we want to be about the big picture, says Melanie Lundquist. 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. Lyda Hill, Lynn and Stacy Schusterman Among 2022 Carnegie Medal of Philanthropy Honorees. Then Mr. 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. Richard and Melanie Lundquist said they were impressed with the final product. An Update for Readers on Our New Nonprofit Status, Physicist From Humble Origins Showers Cash on Education. Second of all, that it felt warm and welcoming. As members of the Partnership's student fellowship program - for scholars attending our secondary schools - Lundquist Fellows participate in leadership development opportunities while earning scholarships toward the pursuit of a higher education. She established the Cardiovascular Institute at the Torrance Memorial Medical Center where she emphasizes womens heart health. 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. But if there was a house there, it was demolished faster than yall can snap your fingers twice. Mrs. Lundquist is also a graduate of the University of Southern California, from which she holds both a BA and MA in Speech Pathology and Audiology. 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