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. After a decade of knowing McPherson College, your president, and your provost, we know our $25 million is the right big bet.. In awarding honorary degrees, McPherson College aims to recognize and honor individuals who have distinguished themselves for their achievement and efforts that align with the colleges mission of developing whole persons through scholarship, participation, and service. Maybe well get together with the kids or something, adds her husband. The impact of the Lundquists gift and friendship is truly immeasurable.. 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. 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 helped bring in gifts from Wells Fargo and DirecTV, as well as a number of large foundations. The $32-million donation is the second-largest gift this year to a healthcare provider or organization, according to the Chronicle of Philanthropy. 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. 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. Thank you to the Lundquists for their generous gift to McPherson College. The Doctor of Humane Letters (LHD) degrees are awarded by McPherson Colleges Board of Trustees and faculty, who voted unanimously to recognize the Lundquists with the honorary degrees. Thats not something you want to get on the 405 Freeway and make your way to Cedars or UCLA for, he said. Melanie and her husband Richard are agents of change and two of . She and her husband Richard are the second-largest donors to AltaSea behind the Annenberg Foundation. Patients will no longer need to be referred out of the South Bay for neurological care, Torrance Memorial Chief Executive Craig Leach said. Her background as a respected leader in the global goods movement and her leadership as chair will be vital as we continue making important progress.. They choose not to follow the crowd; instead, they seek to kick off a virtuous cycle that attracts other donors. Dr. Melanie Lundquist, LHD, Known as One of Californias Most Active Philanthropists, Plans to Help AltaSea Expand Its Reach to Inspire the Next Generation. Gross no longer works with PIMCO. 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. 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. Their work has created measurable results everywhere they go, and it proves that thoughtful philanthropy can lead to meaningful change.. The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana. They have appeared four times on The Philanthropy 50, the annual list of Americas 50 most generous philanthropists. Commencement Speaker Dr. Melanie Lundquist encourages students to persevere and embrace the nuances in life as she announces largest gift in colleges history. His answer? 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! 2022 McPherson College. In January, the Partnership released a public report (paid for by the Carnegie Corporation) analyzing what the organization has accomplished over the past decade. McPherson College Bestows Honorary Doctoral Degrees on Melanie and Richard Lundquist for Body of Work Creating Systemic Change. Continental Development also developed Continental Park, considered the largest mixed-use office park in Los Angeles County. 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 . The grand opening will be on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. Richard and Melanie Lundquist "For us, philanthropy is the meaning of life and also what gives our lives true meaning. I call them heroes, Leach said of the Lundquists. May 24, 2022 McPherson College in McPherson, Kansas, has announced a $25 million gift from Melanie and Richard Lundquist. Due to the pandemic, the hooding ceremony was delayed until this years commencement exercises. 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. Part of HuffPost News. Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern California. The largest gift in the college's 135-year history is the largest gift made by the Lundquists outside their native California. Gross is now with a much-smaller firm: Janus Capital. 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 We want to make transformative contributions and create systematic change, and we want to be about the big picture, says Melanie Lundquist. McPherson College has seen tremendous growth, with a 300 percent increase in applications and 40 percent increase in enrollment since 2009. AltaSea is quickly becoming a place where students can gain interactive, hands-on experience directly with entrepreneurs, focused on the blue economy.. They are also continuing to take an active role in helping the nonprofit raise money from others. He. 1. They have to leave the region for certain procedures, which can be inconvenient or even dangerous. $25M Surprise Gift Announced During McPherson College Commencement. A little web research reveals he is CEO of the Quinn Group, a massive Fresno, CA-based lessor of Caterpillar tractors and related equipment. Melanie is a sought-out voice on public education and philanthropic issues. 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. 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. 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. 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. Prior to that, she was managing director of the Port of Long Beach. Enter your email below and well share the latest news and ways to get involved. Do you have info to share with HuffPost reporters? 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. 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). The couple will celebrate their 30th anniversary next year, and friends keep asking how they plan to mark the occasion. Later in the commencement address, Lundquist lauded the colleges ethos and encouraged the students to carry that throughout their life. 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. 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. Its going to be a tremendous community asset, said President and CEO Craig Leach. Please make sure your computer, VPN, or It recently opened USCs Nuzhdin Aquaculture Lab and Holdfast Aquaculture Lab. 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. 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. They ended up giving $10 million to the cardiovascular institute the largest donation to the hospital at that point and $3 million to expand emergency-room care. 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 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. 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. network allows javascript and allows content to be delivered from v144.philanthropy.com and chronicle.blueconic.net. 412-445-7719, Internet Explorer presents a security risk. 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. 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. 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. Forbes ' real-time rankings of the world's billionaires pegs Aneel Bhusri's net worth at $1.8 billion. Theres an infinity pool and direct golf-green-fronting views. Gross, not counting taxes, carrying costs, real estate fees, etc. She established the Cardiovascular Institute at the Torrance Memorial Medical Center where she emphasizes womens heart health. Richard served for over ten years as Chairman of the Foundations Board of Directors. 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. 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. Melanie and Richard Lundquist are among California's most significant philanthropists, having pledged more than $325 million in charitable contributions toward educational, medical, and. Some of the funding will also go toward improving the care delivered to surgical and intensive care unit patients, he said. "Melanie and I have invested both our time and financial resources at the institute," Richard Lundquist. I think they achieved that., He added, We had originally targeted around $50 million to $75 million (in donations) from the community in cash and pledges. 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. 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. They are indeed special. 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.. As everyone and their aunties therapist knows and as was first revealed by the incomparable Your Mama over atVariety Mr. The couple thought a friend who had just sold his business would be a good fit and connected hospital leaders with the man. 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. 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. Melanie Lundquist has served on its board of directors for the past six years. The $32-million gift will go toward the creation of an orthopedic and spine institute as well as a neuroscience institute. About one-third of patient rooms have a visible brace designed to absorb a jolt from an earthquake. Example: Yes, I would like to receive emails from The Partnership for Los Angeles Schools. Our philanthropic journey has been our richest experience. Mr. 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 An Update for Readers on Our New Nonprofit Status, Physicist From Humble Origins Showers Cash on Education. They have been invaluable members of the McPherson College community for years, providing counsel on many matters and expanding our network through their vast connections. McCarthy served as general contractor of the hospital facility, which was delivered over four-and-a-half months early and $10 million under budget. Knatz has authored numerous publications as well as two award-winning books on the Port of Los Angeles. Most unusually, the property shares its driveway with another house. 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. This gift will help put our Community by Design strategic plan on a new trajectory ensuring the new campus commons is built and strengthening the colleges academic programs as well as support the student debt project, which enables students to graduate debt-free, said McPherson College President Michael Schneider. 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. Must be nice to have that kind of spending power, huh? Its kind of a goal of mine to get people to understand that where you went to public school, your K-12, that is an alma mater as well, and that is way more in need than anything else, she says. Its been the best journey of our lives, really.. 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. That came on the heels of declining patient volumes since the outset of the recession and a significant decline in cash flow earlier in 2013, Moodys said. Thats a net gain of about 50 after about 200 are closed in the older seven-story Central Tower, which will be emptied from the fourth floor up once the new facility opens, Leach said. At times, it will not be easy. A simple test is helping thousands of diabetics in L.A. County who face an increased risk of going blind, Health officials urge meningitis vaccination amid L.A. We wouldnt be featuring him if he had a Warren Buffett-style real estate situation. Once javascript and access to those URLs are allowed, please refresh this page. Knatz, an elected member of the National Academy of Engineering, took over as chair of the board in January 2022. Lundquist was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. The couple had previously donated $18 million for other hospital upgrades, including the Lundquist Cardiovascular Institute, they said. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. Melanie F Lundquist: 2041 Rosecrans Ave Ste 200, El Segundo, CA 90245-4792: 202112: . She is currently a Professor of the Practice of Policy and Engineering at USC. But the monetary outlay required also prompted bond-rating service Moodys to downgrade the hospital last November. 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. 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. Leach said thats a reflection of nationwide trends from the past six years. 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. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. By entering your email and clicking Sign Up, you're agreeing to let us send you customized marketing messages about us and our advertising partners. Gross or any of his family members so we cant shed even a flicker of light on what his plans may be for his three-house compound, which spans a total of 1.24 acres and has nearly 24,000 square feet of interior space between the three structures. 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 gift. Gross purchased his Irvine Cove property way, way back in March 1988. Most notable among her philanthropic activities is her generous support of the Partnership for Los Angeles Schools. 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. 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 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. They also would rather support nonprofits that need them rather than those that most wealthy people usually back. Wake up to the day's most important news. Construction is complete on Torrance Memorial's new $480 million Melanie and Richard Lundquist Tower. And theyve taken a very unusual approach to naming rights one that sacrifices their own vanity for the sake of the institution. Patient rooms, waiting rooms and pre- and post-operation areas are built out to exterior walls to take advantage of the light and views. Wallmine is a radically better financial terminal. The Partnership for Los Angeles Schools is an example of a public-private partnership. Were really promoting a family-centered care structure and having folks stay overnight is a big part of that, Senner said. 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. 2022 McPherson College. The grand opening will be held on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. In the country there are 11 million fewer patient days today than there were in 2008, Leach said. But apparently thats not space for this certified Real Estate Baller. But if there was a house there, it was demolished faster than yall can snap your fingers twice. jscott@vectisstrategies.com Senator Jerry Moran. Gross paid an even-steven $20,000,000 for a spectacular mansion on famed 17 Mile Drive in Pebble Beach (CA). 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. The previous owner of that house, sadly enough, hanged herself inside the massive mansion only a year before the sale. 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 old tower was built in the late 1960s and is no longer seismically compliant with state laws, prompting the construction of the Melanie and Richard Lundquist Tower. On average, MMA Capital Inc executives and independent directors trade stock every 20 days with the average trade being worth of $136,434. Wanting to put their friend at ease around fundraisers, the Lundquists joined him for a tour of the hospital. 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. 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. 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. The lower floors will be used for outpatient services, but officials are still deciding how to use the upper floors. To apply, access the application by clicking here. They committed $70 million in February 2019, as an unrestricted gift, to the Los Angeles Biomedical Research Institute (LA BioMed), which was renamed The Lundquist Institute. Melanie and Richard Lundquist are agents of change and two of Californias most significant philanthropists. The institute has more than 120 medical researchers working on 600 studies, including therapies for multiple orphan diseases. 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. How about yall? Lyda Hill, Lynn and Stacy Schusterman Among 2022 Carnegie Medal of Philanthropy Honorees. Rooms also have sleeper sofas for friends and family and a tablet arm for charging mobile devices. 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. You may then be asked to log in, create an account if you don't already have one, He won, and with input from others, the Partnership eventually grew from a rough idea to a full-fledged nonprofit in two years. The Lundquists dont have children. Melanie Maring Lundquist Net Worth What's Melanie Lundquist's mailing address? Before joining The Times in 2013, she worked for the Oregonian, San Francisco Chronicle, Nation magazine in D.C. and Thomson Reuters in London. Blah blah blah. . Get the latest scoop directly in your inbox. Maria directs the annual Philanthropy 50, a comprehensive report on Americas most generous donors. 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. 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. 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! Hes also, duh, a major lover of luxury real estate. Expansive windows that allow light to flood in is a constant theme throughout the building, said Connie Senner, director of construction. 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. Their gifts have helped transform public education and health care delivery, spur biomedical research and innovation, and propel efforts to combat climate change. Students apply and are selected to join the program during their seventh and eighth grade school year. The deadline for the Lundquist Fellows program is Thursday, March 30, 2023. We are unable to fully display the content of this page. 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.
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