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Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. Southern California has already proven that it can be a leader in this area, said Knatz. All Rights Reserved. The Lundquists are signatories of the Giving Pledge, the movement where some of the worlds wealthiest individuals and couples commit to give more than half their wealth away. In short, hes a very big deal. The impact of the Lundquists gift and friendship is truly immeasurable.. 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.. 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. Their gifts have helped transform public education and health care delivery, spur biomedical research and innovation, and propel efforts to combat climate change. Back to Orange County. 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. Expansive windows that allow light to flood in is a constant theme throughout the building, said Connie Senner, director of construction. Wanting to put their friend at ease around fundraisers, the Lundquists joined him for a tour of the hospital. 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. 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. Richard and Melanie Lundquist are Southern California real estate investors and are one of the most philanthropic donors in the United States. 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. Heres how. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. Richard and Melanie Lundquist "For us, philanthropy is the meaning of life and also what gives our lives true meaning. On a brighter note, Yolanda is on her way to Death Valley for the weekend to escape LAs heat. But apparently thats not space for this certified Real Estate Baller. Mr. 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. That's a net gain of about 50 after about 200 are closed in the older . The South Bay couple, who have donated more than $200. We are unable to fully display the content of this page. The Lundquists gift completes the campaign early, having raised $53 million in under three years. 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 knew going in this (project) was a big (financial) stretch.. Patients will no longer need to be referred out of the South Bay for neurological care, Torrance Memorial Chief Executive Craig Leach said. She was part of the team of reporters awarded the Pulitzer Prize for its coverage of the 2015 San Bernardino terrorist attack. Melanie Lundquist comes from a family of individual philanthropists. They also would rather support nonprofits that need them rather than those that most wealthy people usually back. An Update for Readers on Our New Nonprofit Status, Physicist From Humble Origins Showers Cash on Education. The hospital held a community celebration on September 20, and the new facility opened to . 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. Its going to be a tremendous community asset, said President and CEO Craig Leach. 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. Part of HuffPost News. 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. 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. We wouldnt be featuring him if he had a Warren Buffett-style real estate situation. 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. He has a net worth of $5 billion. 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. 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. She says her public school teachers were some of the most influential people in her life. 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. Founded in 1887, McPherson College is set on a 27-acre campus in McPherson, Kan., one of the top 100 small towns in the U.S. and offers 30 majors and pre-professional programs. Back to Orange County. While Mr. 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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Later in the commencement address, Lundquist lauded the colleges ethos and encouraged the students to carry that throughout their life. Prior to that, she was managing director of the Port of Long Beach. Richard's company, Continental Development Corporation, is a commercial real estate development and management company headquartered in El Segundo, California, The Lundquists are not only neighborsthey own the InterContinental San Francisco hotel next doorbut also donors and philanthropists. The gift. For over three decades, Richard has served as a member of the Board of Directors of the El Segundo Education Foundation, a non-profit organization that raises funds for El Segundo, CA public schools, where Continental Development is headquartered. 2023 BuzzFeed, Inc. All rights reserved. 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. 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. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. He. 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. "Melanie and I have invested both our time and financial resources at the institute," Richard Lundquist. Gross somewhat unexpectedly slammed down $23,000,000 for a double-lot mansion on Harbor Island in Newport Beach (CA). 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. Philanthropists Melanie and Richard Lundquist have donated $32 million to Torrance Memorial Medical Center to improve neurological, orthopedic and spinal care at the hospital. Knatz has authored numerous publications as well as two award-winning books on the Port of Los Angeles. Melanie and her husband Richard are agents of change and two of . Richard is considered one of Californias most respected real estate developers. A $50 million stretch goal was then established. 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. Give your time, talent, and treasure for the love of humanity.. Get the latest scoop directly in your inbox. Melanie and Richard Lundquist are among California's most significant philanthropists, having pledged more than $325 million in charitable contributions toward educational, medical, and. Southern California philanthropists and real-estate investors Richard and Melanie Lundquist like to give big to causes and nonprofits that need them the most. Have you ever heard of a $35 million house that has to share its driveway (and gate) with the next door neighbors? It is an exciting time at AltaSea, and I know our new board leadership will continue to foster the innovation and collaboration AltaSea has become known for, said Tamminen. Commencement Speaker Dr. Melanie Lundquist encourages students to persevere and embrace the nuances in life as she announces largest gift in colleges history. Gross is now with a much-smaller firm: Janus Capital. Yes, kiddies, a tractor landlord can afford a $20 million vacant lot in one of the OCs most exclusive enclaves. L.A. County Supervisor Janice Hahn, who represents the South Bay, said the Lundquists donation helps ensure healthcare is accessible for the community. She previously served as the executive director of the Port of Los Angeles from 2006 to January 2014. Most notable among her philanthropic activities is her generous support of the Partnership for Los Angeles Schools. McPherson College has seen tremendous growth, with a 300 percent increase in applications and 40 percent increase in enrollment since 2009. Wallmine is a radically better financial terminal. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. How about yall? Can virtual reality reduce high blood pressure at a church in South L.A.? His answer? 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. Dr. Melanie Lundquist, LHD, Known as One of Californias Most Active Philanthropists, Plans to Help AltaSea Expand Its Reach to Inspire the Next Generation. 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. In addition, Geraldine has played a critical role in helping AltaSea create focal points of collaboration and expand its mission. At that, the Lundquists shifted into high gear, helping raise money for his campaign. Maria directs the annual Philanthropy 50, a comprehensive report on Americas most generous donors. At times, it will not be easy. 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. However, the two-story structure next door appears to be under construction/renovation. 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. 2023 Dirt.com, LLC. She and her husband Richard are the second-largest donors to AltaSea behind the Annenberg Foundation. elegant beauty supply net worth richmond; carlos majin dba star steel cleaning website; 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.. Lyda Hill, Lynn and Stacy Schusterman Among 2022 Carnegie Medal of Philanthropy Honorees. 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. 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. Rooms also have sleeper sofas for friends and family and a tablet arm for charging mobile devices. 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. In January, the Partnership released a public report (paid for by the Carnegie Corporation) analyzing what the organization has accomplished over the past decade. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. 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. Thats not something you want to get on the 405 Freeway and make your way to Cedars or UCLA for, he said. The $32-million donation is the second-largest gift this year to a healthcare provider or organization, according to the Chronicle of Philanthropy. These deals were kept hush-hush. 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. About Dr. Lundquist Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. Were truly lucky to have Richard and Melanie as members of the McPherson College family and this conferral recognizes that, said Schneider. Knatz was the first donor to AltaSeas Doors to the Future Campaign, purchasing Door No. She writes about wealthy philanthropists, arts organizations, key trends and insights related to high-net-worth donors, and other topics. (You can unsubscribe anytime), Partnership for Los Angeles Schools is a 501 (c)(3) Organization. The two slowly became friends and over time they started dating. Former Daily Breeze reporter and columnist Nick Green retired in 2021 after more than two decades with the newspaper covering Torrance, Lomita, Carson, the Palos Verdes Peninsula, soccer and the craft beer industry. 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. 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. 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. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. May 24, 2022 McPherson College in McPherson, Kansas, has announced a $25 million gift from Melanie and Richard Lundquist. 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. It was an ambitious concept for nonprofit involvement in a public-school system. 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. Pride festival. Richard and Melanie Lundquist, United States. 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. 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. 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 lower floors will be used for outpatient services, but officials are still deciding how to use the upper floors. 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. We told (the architects) we wanted something unique and special for this community. But we took a look at recent (2016) aerial imagery and it does not appear that Mr. The hospital will also use the money to provide better stroke care. Gross currently owns Ohana, the large and luxe spread he bought from Jennifer Aniston in 2011 for an unprecedented $35,000,000. 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 Lundquists dont have children. Melanie Lundquist has served on its board of directors for the past six years. 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. Richard and Melanie Lundquist said they were impressed with the final product. Feb. 10, 2019 7 AM PT In the months leading up to their 70th birthdays, Melanie and Richard Lundquist thought about ways to celebrate. Top-notch care should not depend on your ZIP Code.. There are perks for donors who contribute more than $150,000. No kidding. Richard holds an undergraduate Bachelor of Science from the University of Southern California. Due to the pandemic, the hooding ceremony was delayed until this years commencement exercises. Theyve also gotten to know the beneficiaries. The couple thought a friend who had just sold his business would be a good fit and connected hospital leaders with the man. Gross, not counting taxes, carrying costs, real estate fees, etc. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. In July 2009, near the height of the recession, Mr. & Mrs. For frequently asked questions please click here. 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.. Thats $35,800,000 that this mysterious trust threw down in the span of a week all cash. They are also continuing to take an active role in helping the nonprofit raise money from others. Leach said thats a reflection of nationwide trends from the past six years. Excited about helping connect the hospital to a potential big donor, Melanie Lundquist later asked the head of development about the friend. 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. Richard and I talked about it. 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. In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. Once javascript and access to those URLs are allowed, please refresh this page. They are indeed special. Since then, the Lundquists have become regular supporters of the college. Do you have info to share with HuffPost reporters? If you continue to experience issues, contact us at 202-466-1032 or help@chronicle.com. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. The Lundquists say they dont believe their name should be on a building forever. But the report makes clear that more needs to be done, and to that end the Lundquists donated an additional $35 million last year. We are proud to recognize them with these honorary degrees, said Amanda Gutierrez, vice president for the colleges auto restoration program. Southern California philanthropists and real-estate investors Richard and Melanie Lundquist like to give big to causes and nonprofits that need them the most. 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.

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