He. Unfortunately, we dont know Mr. Richard and Melanie Lundquist are Southern California real estate investors and are one of the most philanthropic donors in the United States. We are proud to be Bulldogs, said Melanie Lundquist. Eventually, patients will be able to order meals akin to room service in a hotel, request housekeeping services and buy gift shop items. The hospital will also use the money to provide better stroke 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 She says her public school teachers were some of the most influential people in her life. A special ceremony is being planned on campus for October 2021, contingent on COVID protocols. Lyda Hill, Lynn and Stacy Schusterman Among 2022 Carnegie Medal of Philanthropy Honorees. 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. Mr. Grosss nearest neighbors in Beverly Hills include nutritional supplement heir Ryan Drexler, Ringo Starr, Roger Birnbaum (he paid $20,000,000 for Ellen DeGeneress house), and Riza Aziz, the severely-legally-embattled stepson of Malaysian Prime Minister Najib Razak. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Some of the other richie-rich residents on ultra-exclusive (and gated) Harbor Island include billionaire Donald Bren and billionaire George Argyros. Melanie Lundquist said that without a teaching hospital, residents of the South Bay dont always have access to the most advanced medical care. 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. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. network allows javascript and allows content to be delivered from v144.philanthropy.com and chronicle.blueconic.net. If you continue to experience issues, contact us at 202-466-1032 or help@chronicle.com. . Construction is complete on Torrance Memorial's new $480 million Melanie and Richard Lundquist Tower. Gross currently owns Ohana, the large and luxe spread he bought from Jennifer Aniston in 2011 for an unprecedented $35,000,000. 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. 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. The hybrid operating room offers such advantages as a zero-gravity radiation protection system, said Dr. Amir Kaviani, a vascular surgeon. The $32-million gift will go toward the creation of an orthopedic and spine institute as well as a neuroscience institute. 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. Leach said thats a reflection of nationwide trends from the past six years. At McPherson College, you learned how to think outside the building, not just the box keep at it, said Lundquist. A water feature built with a $1 million Toyota donation greets patients at the front door of the tower, which was built to evoke a feeling of hospitality rather than a clinical atmosphere, Leach said. 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. And judging by the spike in hits our blog receives whenever we write about bonafide real estate ballers, Yolanda knew she just couldnt pass up writing about this. Sixteen original art installations, many with South Bay themes, are scattered throughout the tower. In short, hes a very big deal. 2022 McPherson College. Back in 2002, Mr. & Mrs. Richard and I look forward to visiting campus in October. 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. Torrance Memorial Medical Center has now received a total of $100 million from Los Angeles philanthropists Melanie and Richard Lundquist. Melanie and Richard Lundquist are agents of change and two of California's most significant philanthropists. 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 largest gift in the college's 135-year history is the largest gift made by the Lundquists outside their native California. Gross no longer works with PIMCO. 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. Melanie is a sought-out voice on public education and philanthropic issues. 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. Wake up to the day's most important news. WATCH: Melanie Lundquists announcement of gift to McPherson College. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. Now get this, kiddies. 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. All Rights Reserved. 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 The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana. 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. The Lundquists have been involved with the hospital for several years, both as patients and donors. The couple thought a friend who had just sold his business would be a good fit and connected hospital leaders with the man. 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. (You can unsubscribe anytime), Partnership for Los Angeles Schools is a 501 (c)(3) Organization. The hospital installed an interactive system that provides patients with health education videos or movies on demand on 40-inch HD televisions. Among the successes: Graduation rates and student performance in math and other subjects at most of the participating schools have improved. 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. 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. They had very good reasons not to believe in us.. 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. All Rights Reserved. At times, it will not be easy. 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. 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. They also support innovative solutions to climate change through AltaSea at the Port of Los Angeles and the Marine Mammal Center in Sausalito, California. 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! Refined Estate in the Hills Sells to Fayed Family Member, Rob Lowes Son John Owen Scores LA Home With Big Views, Mark Wahlbergs $55 Million Mansion Sold to Buyer of Heather Dubrows Newport Chateau, the nations most prominent bond investor, the best fairway on what is perhaps one of the worlds most famous golf courses, Reconstructed Thornton Abell Modern in Santa Monica Canyon Seeks $10.5 Million, CaptainSparklez Price Chops Mullet-Style WeHo Aerie, Sean Penn Romances Julia Roberts at a Landmark Reseda Restaurant in 'Gaslit', New York Hedge Funder Lands Classic Santa Monica Home. The Lundquists are champions for McPherson Colleges mission, and more importantly, they are role models for our students they are people of passion and commitment, focused on improving humanity. Most notable among her philanthropic activities is her generous support of the Partnership for Los Angeles Schools. 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. However, the two-story structure next door appears to be under construction/renovation. 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. She and her husband Richard are the second-largest donors to AltaSea behind the Annenberg Foundation. Improve Los Angeless most underserved public schools. 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. McPherson College has seen tremendous growth, with a 300 percent increase in applications and 40 percent increase in enrollment since 2009. 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. 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. We hope this gift will cause everyone to pay greater attention to the value of small liberal arts colleges. 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.. Thats $35,800,000 that this mysterious trust threw down in the span of a week all cash. A decade ago, they pledged. 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. As we mentioned earlier, Mr. Commencement Speaker Dr. Melanie Lundquist encourages students to persevere and embrace the nuances in life as she announces largest gift in colleges history. In January, the Partnership released a public report (paid for by the Carnegie Corporation) analyzing what the organization has accomplished over the past decade. But you knew that already, right? Its a real climb uphill; the boulders are sitting there ready to tumble down on me, but thats OK. We like a challenge.. $25M Surprise Gift Announced During McPherson College Commencement. Again, the home was never on the market and there are no pics, but property records indicate it was built in 1979 and has 4 beds and 4.5 baths in 4,561 square feet of living space on a .27-acre lot. 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. In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. He was busy building a real-estate business, and she was a speech pathologist working with special-education children. The Lundquists relationship with McPherson College started in 2014. Specifically, he resides in Irvine Cove, perhaps Orange Countys most exclusive and expensive guard-gated community. 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. The duo, whose wealth stems largely from Bill Gates's role as co-founder and longtime CEO of Microsoft, gave away nearly $4.8 billion last year. 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 . 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. 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. He won, and with input from others, the Partnership eventually grew from a rough idea to a full-fledged nonprofit in two years. 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The medical needs in the community are no different than the medical needs of the community that does live near a teaching and training hospital, she said. They have carved out a path less traveled helping to improve outcomes for people, especially those living at the margins. 2023 BuzzFeed, Inc. All rights reserved. McPherson College is proud to honor Melanie and Richard Lundquist for their body of work that has driven systemic change in so many ways, said Michael P. Schneider, president of McPherson College, who conferred the degrees virtually earlier this month. 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. The two slowly became friends and over time they started dating. 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. 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. 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. The $32-million donation is the second-largest gift this year to a healthcare provider or organization, according to the Chronicle of Philanthropy. Nobody thought Ms. Aniston would ever get anywhere near $30 million for that house. Gross somewhat unexpectedly slammed down $23,000,000 for a double-lot mansion on Harbor Island in Newport Beach (CA). 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. We are unable to fully display the content of this page. About one-third of patient rooms have a visible brace designed to absorb a jolt from an earthquake. The grand opening will be held on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. You are also agreeing to our Terms of Service and Privacy Policy. 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 The conferral of the honorary doctorates recognizes the Lundquists unique mission to leverage their philanthropic commitments to affect significant and measurable impact through driving systemic change, focusing on areas where their gifts can change systems as well as fortunes, not just make incremental progress. Melanie F Lundquist: 2041 Rosecrans Ave Ste 200, El Segundo, CA 90245-4792: 202112: . The grand opening will be on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. The Partnership for Los Angeles Schools is an example of a public-private partnership. Get the latest scoop directly in your inbox. Senator Jerry Moran. Melanie Lundquist has served on its board of directors for the past six years. Theyve also gotten to know the beneficiaries. Melanie and her husband Richard are agents of change and two of . 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. What impresses me is how AltaSea connects research to action in the fight against climate change, Lundquist said. 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. Before joining The Times in 2013, she worked for the Oregonian, San Francisco Chronicle, Nation magazine in D.C. and Thomson Reuters in London. Her mother raised funds to establish a dental clinic for impoverished children in Los Angeles in the 1920s when she was a student at U.S.C. For more information on AltaSea, please see our website: https://altasea.org, Jacob Scott Well, now you have. All Rights Reserved. They have also helped . As far as we can tell, Mr. 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. 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 For decades, he very successfully led and grew the company as Chief Investment Officer. As best as we can tell by aerial images, the house underwent a renovation a few years ago. Once javascript and access to those URLs are allowed, please refresh this page. Dirt is a part of Penske Media Corporation. The device, which literally suspends the heavy protective clothing above the operating table, saves time and aids mobility and stamina, Kaviani said. Dr. Melanie Lundquist, LHD, Known as One of Californias Most Active Philanthropists, Plans to Help AltaSea Expand Its Reach to Inspire the Next Generation. There are perks for donors who contribute more than $150,000. Gross came and shut the haters down. 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. Richard is considered one of Californias most respected real estate developers. May 24, 2022 McPherson College in McPherson, Kansas, has announced a $25 million gift from Melanie and Richard Lundquist. 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 couple had previously donated $18 million for other hospital upgrades, including the Lundquist Cardiovascular Institute, they said. Philanthropists Melanie and Richard Lundquist have donated $32 million to Torrance Memorial Medical Center to improve neurological, orthopedic and spinal care at the hospital. 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. Continental Development also developed Continental Park, considered the largest mixed-use office park in Los Angeles County. 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