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. Southern California philanthropists and real-estate investors Richard and Melanie Lundquist like to give big to causes and nonprofits that need them the most. The Lundquists are philanthropists from the wealthy Los Angeles suburb of Palos Verde Estates. 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. 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. The lot is a large (for the area) .53-acre of land. 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. Before joining The Times in 2013, she worked for the Oregonian, San Francisco Chronicle, Nation magazine in D.C. and Thomson Reuters in London. 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. 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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. 1. They helped bring in gifts from Wells Fargo and DirecTV, as well as a number of large foundations. McPherson College Bestows Honorary Doctoral Degrees on Melanie and Richard Lundquist for Body of Work Creating Systemic Change. He. Geraldine Knatz is Professor of the Practice of Policy and Engineering, a joint appointment between the University of Southern California Price School of Public Policy and the Viterbi School of Engineering. Gross somewhat unexpectedly slammed down $23,000,000 for a double-lot mansion on Harbor Island in Newport Beach (CA). 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. About one-third of patient rooms have a visible brace designed to absorb a jolt from an earthquake. Wanting to put their friend at ease around fundraisers, the Lundquists joined him for a tour of the hospital. Most unusually, the property shares its driveway with another house. 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. 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. https://www.youtube.com/watch?v=8C5NLfYdZaE, Get our latest stories in the feed of your favorite networks. It is the largest gift ever to a small, private liberal arts college in Kansas and among one of the largest to any college in Kansas. The Lundquists dont have children. That transaction made all the real estate headlines and disclocated jaws from Los Feliz to Malibu. 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. Must be nice to have that kind of spending power, huh? 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. The Lundquists, both 65, pledged $50-million to Torrance Memorial Medical Center to build a new main patient tower, bringing their total gifts for the tower to $55-million. 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. On one hand, it enabled Torrance Memorial to save about $30 million on construction costs, Leach said. A little web research reveals he is CEO of the Quinn Group, a massive Fresno, CA-based lessor of Caterpillar tractors and related equipment. 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. Lyda Hill, Lynn and Stacy Schusterman Among 2022 Carnegie Medal of Philanthropy Honorees. 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. Part of HuffPost News. 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. Her grandfather, a migrant to this country, became a successful business owner and was a member of the Los Angeles Merchants Association, the group that founded what would later become the City of Hope. The Lundquists have been involved with the hospital for several years, both as patients and donors. Well, now you have. No big parties, just more big philanthropy, says Melanie Lundquist. 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. Gross purchased his Irvine Cove property way, way back in March 1988. And theyve taken a very unusual approach to naming rights one that sacrifices their own vanity for the sake of the institution. Many teachers and school administrators working in some of the toughest tumbledown schools were skeptical. The hospital will also use the money to provide better stroke care. 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. If you continue to experience issues, contact us at 202-466-1032 or [email protected]. Thats not something you want to get on the 405 Freeway and make your way to Cedars or UCLA for, he said. Gross is well-known for his very, very healthy appetite for luxury real estate. The deadline for the Lundquist Fellows program is Thursday, March 30, 2023. When you walk in, we wanted to make sure that, first of all, its beautiful, Leach said. We wouldnt be featuring him if he had a Warren Buffett-style real estate situation. Nobody thought Ms. Aniston would ever get anywhere near $30 million for that house. However, Mr. For frequently asked questions please click here. Philanthropists Melanie and Richard Lundquist have donated $32 million to Torrance Memorial Medical Center to improve neurological, orthopedic and spinal care at the hospital. Rooms also have sleeper sofas for friends and family and a tablet arm for charging mobile devices. 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. 2022 McPherson College. David G. Booth, . And they have more big giving plans to come. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. In addition, she is a significant donor to the Alliance for College-Ready Schools, a Los Angeles charter organization. MMA Capital is externally managed and advised by Hunt Investment Management, LLC, an affiliate of Hunt Companies, Inc. MMA Capital Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. We are unable to fully display the content of this page. I am looking forward to rolling up my sleeves and helping implement their Community by Design campus expansion plans. Lundquist is President & CEO of Continental Development Corporation, one of the most respected owners and developers of Class-A commercial, office, hotel and retail real estate projects in California. In July 2009, near the height of the recession, Mr. & Mrs. She and her husband Richard are the second-largest donors to AltaSea behind the Annenberg Foundation. 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. Theres an infinity pool and direct golf-green-fronting views. Richard and Melanie Lundquist are Southern California real estate investors and are one of the most philanthropic donors in the United States. She says her public school teachers were some of the most influential people in her life. 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. Eventually, patients will be able to order meals akin to room service in a hotel, request housekeeping services and buy gift shop items. 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. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. Soumya Karlamangla previously covered healthcare in California for the Los Angeles Times. Knatz was the first donor to AltaSeas Doors to the Future Campaign, purchasing Door No. . Back to Orange County. 1, the pier that is home to AltaSea in her latest book about the Port of Los Angeles. (Thomas R. Cordova / Staff Photographer), Craig Leach, President and CEO of Torrance Memorial Medical Center, stands overlooking the Lundquist Tower, a new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. She was the first woman to serve in this role and made a significant impact through the creation and implementation of the San Pedro Bay Ports Clean Air Action Plan, an aggressive plan that reduced air emissions by combined port operations of over 70% within five years. Mrs. Lundquist is a founding member of the Board of the Partnership for Los Angeles Schools, past chair of the Advisory Board for Teach for America, and is co-chair of a $165 million capital campaign for the California Science Center. 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. Richard and I look forward to visiting campus in October. elegant beauty supply net worth richmond; carlos majin dba star steel cleaning website; But the monetary outlay required also prompted bond-rating service Moodys to downgrade the hospital last November. As we mentioned earlier, Mr. Thats a $3.5 million loss for Mr. Gross paid an even-steven $20,000,000 for a spectacular mansion on famed 17 Mile Drive in Pebble Beach (CA). 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. She writes about wealthy philanthropists, arts organizations, key trends and insights related to high-net-worth donors, and other topics. Richard and Melanie Lundquist said they were impressed with the final product. 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. Now, with the addition of the Lundquists $25 million gift, the stretch goal has been surpassed by $3 million, two years earlier than expected. Commencement Speaker Dr. Melanie Lundquist encourages students to persevere and embrace the nuances in life as she announces largest gift in colleges history. Our philanthropic journey has been our richest experience. He won, and with input from others, the Partnership eventually grew from a rough idea to a full-fledged nonprofit in two years. 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 The construction was not without its fiscal challenges, starting as the worlds financial markets suffered a catastrophic meltdown. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. "Melanie and I have invested both our time and financial resources at the institute," Richard Lundquist. Specifically, he resides in Irvine Cove, perhaps Orange Countys most exclusive and expensive guard-gated community. Improve Los Angeless most underserved public schools. $25M Surprise Gift Announced During McPherson College Commencement. She previously served as the executive director of the Port of Los Angeles from 2006 to January 2014. The Partnership for Los Angeles Schools is an example of a public-private partnership. (Thomas R. Cordova / Staff Photographer). 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. Melanie Lundquist goes a step further. Lundquist was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. Enter your email below and well share the latest news and ways to get involved. But the report makes clear that more needs to be done, and to that end the Lundquists donated an additional $35 million last year. Its among the 60 biggest gifts in the healthcare sector since 2005. These deals were kept hush-hush. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. She is currently a Professor of the Practice of Policy and Engineering at USC. 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. Melanie is a sought-out voice on public education and philanthropic issues. Here we are six years later and we are now at $130 million in giving for this building.. 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. 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. The couple had previously donated $18 million for other hospital upgrades, including the Lundquist Cardiovascular Institute, they said. 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. The hospital held a community celebration on September 20, and the new facility opened to . They have to leave the region for certain procedures, which can be inconvenient or even dangerous. I guess I was observing more than I thought and saw this was just a really wonderful, caring place.. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. Forbes ' real-time rankings of the world's billionaires pegs Aneel Bhusri's net worth at $1.8 billion. US News & World Report ranks McPherson College as one of the top colleges for social mobility, enrolling and graduating large proportions of disadvantaged students and as one of the regions most innovative colleges for innovative improvements in terms of curriculum, faculty, students, campus life and technology or facilities. Besides, says Richard Lundquist, universities with large endowments should put some of that money back into the local K-12 public schools so students are better prepared for college. The impact of the Lundquists gift and friendship is truly immeasurable.. 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. Some of the other richie-rich residents on ultra-exclusive (and gated) Harbor Island include billionaire Donald Bren and billionaire George Argyros. 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