Excited about helping connect the hospital to a potential big donor, Melanie Lundquist later asked the head of development about the friend. At that, the Lundquists shifted into high gear, helping raise money for his campaign. Gross somewhat unexpectedly slammed down $23,000,000 for a double-lot mansion on Harbor Island in Newport Beach (CA). Commencement Speaker Dr. Melanie Lundquist encourages students to persevere and embrace the nuances in life as she announces largest gift in colleges history. Who is Blake Quinn? But the report makes clear that more needs to be done, and to that end the Lundquists donated an additional $35 million last year. Enter your email below and well share the latest news and ways to get involved. Lundquist is a member of the University of Southern California (USC) Presidents Leadership Council and Vice Chair of the Board at the Partnership for Los Angeles Schools. Yolanda is also not sure if there was a house on the lot when he acquired it or if it was just vacant land. The couple thought a friend who had just sold his business would be a good fit and connected hospital leaders with the man. We hope this gift will cause everyone to pay greater attention to the value of small liberal arts colleges. 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. 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. 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. The contributions are the result of a longstanding relationship the couple has had with the hospital, one that is rooted in an effort Melanie Lundquist made more than a decade ago when she was trying to help the hospitals chief fundraiser land a large gift from another donor. 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. Leach said thats a reflection of nationwide trends from the past six years. 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. 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. There are perks for donors who contribute more than $150,000. 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. 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. 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. She established the Cardiovascular Institute at the Torrance Memorial Medical Center where she emphasizes womens heart health. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. Melanie Lundquist said that without a teaching hospital, residents of the South Bay dont always have access to the most advanced medical care. That's a net gain of about 50 after about 200 are closed in the older . 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. Also on 17 Mile Drive and just a few doors away is a house that was sold for a county-record-smashing $31,250,000 in late 2014 to Arkansas-based billionaire Warren Stephens and his wife Harriet. Feb. 10, 2019 7 AM PT In the months leading up to their 70th birthdays, Melanie and Richard Lundquist thought about ways to celebrate. In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. 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. Since then, the Lundquists have given more money, including $50 million in 2013 for a new patient building, and $32.5 million last year for neurological, orthopedic, and spinal care. Gross no longer works with PIMCO. They also would rather support nonprofits that need them rather than those that most wealthy people usually back. Staying student-centered is at the heart of everything we do at the Partnership and were proud to support our Lundquist Fellows. He was busy building a real-estate business, and she was a speech pathologist working with special-education children. Please make sure your computer, VPN, or The house is in perhaps the poshest part of the entire road and backs up to, as per our Mama, the best fairway on what is perhaps one of the worlds most famous golf courses. Richard earned his Bachelor of Science Degree from the University of Southern California. Its the biggest event for Torrance Memorial since 1971, when the hospital moved from the Old Torrance site where it was founded in 1925, financed by $100,000 bequeathed by the citys founder in his will. 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 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. Knatz was the first donor to AltaSeas Doors to the Future Campaign, purchasing Door No. Back in 2002, Mr. & Mrs. They also support innovative solutions to climate change through AltaSea at the Port of Los Angeles and the Marine Mammal Center in Sausalito, California. She served for 10 years (2007-2017) on Californias Ocean Protection Council from 2007 to 2017, first appointed by Governor Arnold Schwarzenegger and reappointed by Governor Brown. Then there's 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! Richard and I spend time at the schools and with the kids, and I sometimes meet with the principals and parents and teachers, she says. 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. 1, the pier that is home to AltaSea in her latest book about the Port of Los Angeles. It dawned on me about 20 years ago that if I had a heart attack at 4 p.m. in the afternoon I was DOA if I had to go to Cedars, said Lundquist, who lives in Palos Verdes Estates. She was raised in Thousand Oaks and graduated from UC Berkeley with degrees in biology and English literature. This is humbling for Richard and me. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. The facility was built to withstand the largest earthquake geologists say the South Bay could face a magnitude of 7.4, Leach said. 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. Lundquist Fellows also receive a scholarship each year they fulfill program requirements, totaling $2,000 after completing five years of participation. Melanie and Richard Lundquist are agents of change and two of Californias most significant philanthropists. 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. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. 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. Dirt is a part of Penske Media Corporation. 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. A special ceremony is being planned on campus for October 2021, contingent on COVID protocols. While they have created significant and positive impact through their philanthropy, especially in California, their reach touches us in Kansas and in so many other parts of our country. Our philanthropic journey has been our richest experience. 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 2022 McPherson College. In 2013, the Lundquists donated $50 million for the creation of a patient building at the hospital with all private rooms, now called the Lundquist Tower. The two slowly became friends and over time they started dating. I call them heroes, Leach said of the Lundquists. If someone tells you it cannot be done, you tell them to go sit in the corner and watch you do it., We can all agree McPherson College is a special place that embraces the love of humanity, concluded Lundquist. 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 largest gift in the college's 135-year history is the largest gift made by the Lundquists outside their native California. The sum is the most a single donor has given to a hospital that isnt a research or teaching facility since the Chronicle of Philanthropy began tracking donations over $1 million in 2005. The lower floors will be used for outpatient services, but officials are still deciding how to use the upper floors. In short, hes a very big deal. An Update for Readers on Our New Nonprofit Status, Physicist From Humble Origins Showers Cash on Education. 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 But we took a look at recent (2016) aerial imagery and it does not appear that Mr. In 2007 the couple pledged over $50m to schools in Los Angeles. The hybrid operating room offers such advantages as a zero-gravity radiation protection system, said Dr. Amir Kaviani, a vascular surgeon. After a decade of knowing McPherson College, your president, and your provost, we know our $25 million is the right big bet.. They were introduced by Paul Russell, chair of the Automotive Restoration National Advisory Board, and since then, have committed well over $1 million to the colleges auto restoration program, the only award-winning four-year bachelors degree program for automotive restoration technology in the country. Heres how. (You can unsubscribe anytime), Partnership for Los Angeles Schools is a 501 (c)(3) Organization. Not for lack of trying, but we were unable to locate a purchase price. 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. Construction is complete on Torrance Memorial's new $480 million Melanie and Richard Lundquist Tower. The hospital currently operates at 75 percent occupancy. William H. Bill Gross, for those who dont know, is a very famous American financier who co-founded asset management giant PIMCO way back in 1971. 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. They have also helped . 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. Unfortunately, we dont know Mr. Gross currently owns Ohana, the large and luxe spread he bought from Jennifer Aniston in 2011 for an unprecedented $35,000,000. Knatz has authored numerous publications as well as two award-winning books on the Port of Los Angeles. 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. The Lundquists met in the 1980s as neighbors in an apartment complex in Redondo Beach, a coastal city in Los Angeles County. A little web research reveals he is CEO of the Quinn Group, a massive Fresno, CA-based lessor of Caterpillar tractors and related equipment. The towers ground floor is light and airy with an expansive lobby, gift shop and 200-seat cafe and patio with a decor of light pastel colors. 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. As best as we can tell by aerial images, the house underwent a renovation a few years ago. But you knew that already, right? Maria directs the annual Philanthropy 50, a comprehensive report on Americas most generous donors. She and her husband Richard are the second-largest donors to AltaSea behind the Annenberg Foundation. Mrs. Lundquist and her husband Richard are graduates of Los Angeles public schools where, as she told Los Angeles Times columnist Steve Lopez, "I got a wonderful education, and there are 50 teachers I could name right now who were some of my best friends, and even after I graduated, they continued to be friends." I have a real thing about womens heart health, so I said to Richard, What if we do this?". Insiders trading at MMA Capital Inc 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 . 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. Give your time, talent, and treasure for the love of humanity.. 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 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. Their work has created measurable results everywhere they go, and it proves that thoughtful philanthropy can lead to meaningful change.. Residential Links: www.philanthropy.com By: jdubble07 Advertisement Around the World Mailing List Advertisement We want to hear from you! 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 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. 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. The South Bay couple, who have donated more than $200. Leach estimated that about 2,000 patients a year in the South Bay will require advanced stroke care. Maybe hes converting it into a guest/staff residence. Southern California has already proven that it can be a leader in this area, said Knatz. That piece of equipment will protect the surgeon from radiation used during medical procedures without donning a 40- to 50-pound lead apron, he said. Must be nice to have that kind of spending power, huh? 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. Nobody thought Ms. Aniston would ever get anywhere near $30 million for that house. If you continue to experience issues, contact us at 202-466-1032 or help@chronicle.com. 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. Its among the 60 biggest gifts in the healthcare sector since 2005. 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