Richard and Melanie Lundquist are Southern California real estate investors and are one of the most philanthropic donors in the United States. After a decade of knowing McPherson College, your president, and your provost, we know our $25 million is the right big bet.. Melanie is a sought-out voice on public education and philanthropic issues. Eventually, patients will be able to order meals akin to room service in a hotel, request housekeeping services and buy gift shop items. He was busy building a real-estate business, and she was a speech pathologist working with special-education children. Staying student-centered is at the heart of everything we do at the Partnership and were proud to support our Lundquist Fellows. 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. 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. 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. 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. In January, the Partnership released a public report (paid for by the Carnegie Corporation) analyzing what the organization has accomplished over the past decade. 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. Blah blah blah. 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. Give your time, talent, and treasure for the love of humanity.. 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. 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. Lundquist got to know the day-to-day workings of the local hospital as a volunteer the 1980s and 90s. But if there was a house there, it was demolished faster than yall can snap your fingers twice. 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. In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. Send us a tip using our anonymous form. That transaction made all the real estate headlines and disclocated jaws from Los Feliz to Malibu. The Lundquists have also led efforts to invest in solutions to climate change through AltaSea at the Port of Los Angeles and critically important marine mammal research at the Marine Mammal Center, the largest marine mammal hospital in the world, located in Sausalito, Calif. 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 his wife, Melanie, alongside then Los Angeles Mayor Antonio Villaraigosa, founded the Partnership for Los Angeles Schools in 2007 with a $50 million ten-year investment in the youth of Los Angeles. 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. Both houses were acquired by the very same buyer a mysterious entity calling itself the White Tiger Trust. They also support innovative solutions to climate change through AltaSea at the Port of Los Angeles and the Marine Mammal Center in Sausalito, California. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. 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. We hope this gift will cause everyone to pay greater attention to the value of small liberal arts colleges. Due to the pandemic, the hooding ceremony was delayed until this years commencement exercises. As members of the Partnership's student fellowship program - for scholars attending our secondary schools - Lundquist Fellows participate in leadership development opportunities while earning scholarships toward the pursuit of a higher education. 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. Melanie Lundquist comes from a family of individual philanthropists. 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 has done much with the large spread across the street in the past two years. 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. We are proud to be Bulldogs, said Melanie Lundquist. Their gifts have helped transform public education and health care delivery, spur biomedical research and innovation, and propel efforts to combat climate change. Thats a $3.5 million loss for Mr. 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. Once javascript and access to those URLs are allowed, please refresh this page. Richard holds an undergraduate Bachelor of Science from the University of Southern California. 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. Not for lack of trying, but we were unable to locate a purchase price. She writes about wealthy philanthropists, arts organizations, key trends and insights related to high-net-worth donors, and other topics. 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 most recent stock trade was executed by Frederick W Puddester on 2 July 2020, trading 722 units of MMAC stock currently worth $18,129. 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 impact of the Lundquists gift and friendship is truly immeasurable.. Wallmine is a radically better financial terminal. 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. And they have more big giving plans to come. We want our name to be temporary, so if somebody comes along and donates as much as weve put in plus $1, they can take our name down.. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. This five-year fellowship program seeks to further develop students who have demonstrated outstanding . 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. 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. 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 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. Can virtual reality reduce high blood pressure at a church in South L.A.? AltaSea is quickly becoming a place where students can gain interactive, hands-on experience directly with entrepreneurs, focused on the blue economy.. 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. He won, and with input from others, the Partnership eventually grew from a rough idea to a full-fledged nonprofit in two years. 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. Its going to be a tremendous community asset, said President and CEO Craig Leach. 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! Please make sure your computer, VPN, or Most unusually, the property shares its driveway with another house. In November 2020, McPherson College conferred honorary doctorates on Melanie and Richard 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. Gross acquired the golf-green-fronting lot located within the guard-gated Vintage Club neighborhood in 1995 for $2,500,000 and tax records show the current, contemporary mansion was completed in 2002 and has 11,316 square feet with 4 bedrooms and 6.5 baths. 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Mr. Grosss blufftop house is one of the largest mansions in the pricey community, weighing in at a decidedly-portly 13,819 square feet with 6 bedrooms and 8 bathrooms. As far as we can tell, Mr. Records show Mr. Grosss new mansion which appears to be contemporary in style was completed sometime in 1989. 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. We really are indebted to them.. 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. 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. 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. I am proud to be joining the board and look forward to helping AltaSea become an even greater engine of innovation and inspiration, especially for our young people. Gross came and shut the haters down. She is currently a Professor of the Practice of Policy and Engineering at USC. They are co-founders of the Partnership for Los Angeles Schools, a sustainable, national turnaround model for underserved non-charter K-12 public schools. The Lundquists gift completes the campaign early, having raised $53 million in under three years. Patients will no longer need to be referred out of the South Bay for neurological care, Torrance Memorial Chief Executive Craig Leach said. In short, hes a very big deal. She and her husband Richard are the second-largest donors to AltaSea behind the Annenberg Foundation. An Update for Readers on Our New Nonprofit Status, Physicist From Humble Origins Showers Cash on Education. The house was never on the market, so there arent any listing photos or many facts/figures publicly available, but according to tax records the current, rather ho-hum structure was built in 1969 and spans 5,437 square feet with 4 bedrooms and 6 baths. In 1988, he became President & CEO of Continental Development Corporation. But Melanie Lundquist, who volunteered at the hospitals front desk for more than a decade, said she saw firsthand the vital services Torrance Memorial provides. Thats $35,800,000 that this mysterious trust threw down in the span of a week all cash. 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. 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. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her philanthropic work. Theyve also gotten to know the beneficiaries. Knatz has authored numerous publications as well as two award-winning books on the Port of Los Angeles. 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. "Melanie and I have invested both our time and financial resources at the institute," Richard Lundquist. The Lundquists relationship with McPherson College started in 2014. 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. A decade ago, they pledged. Those first gifts happened, says Richard Lundquist, because in the years leading up to them, the couple saw continuity and consistency in the ways the hospitals leaders operated, and in its decades-long financial health. 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. AltaSea has attracted some of the most incredible, forward-thinking, and innovative leaders to our board, so to add someone of Melanies significant stature reinforces once again that our work is meaningful and continues to resonate with those who see the benefit in ocean-related solutions to climate change in the fields of business, science, and education, said AltaSea President and CEO Terry Tamminen. $25M Surprise Gift Announced During McPherson College Commencement. Gross paid an even-steven $20,000,000 for a spectacular mansion on famed 17 Mile Drive in Pebble Beach (CA). Later in the commencement address, Lundquist lauded the colleges ethos and encouraged the students to carry that throughout their life. network allows javascript and allows content to be delivered from v144.philanthropy.com and chronicle.blueconic.net. About one-third of patient rooms have a visible brace designed to absorb a jolt from an earthquake. Torrance Memorial Medical Center has now received a total of $100 million from Los Angeles philanthropists Melanie and Richard Lundquist. 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. The hospital currently operates at 75 percent occupancy. 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. Were truly lucky to have Richard and Melanie as members of the McPherson College family and this conferral recognizes that, said Schneider. The $32-million donation is the second-largest gift this year to a healthcare provider or organization, according to the Chronicle of Philanthropy. Some of the funding will also go toward improving the care delivered to surgical and intensive care unit patients, he said. No kidding. 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. Public dollars alone can no longer sustain our society. However, Mr. Melanie was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. 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. 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. That's a net gain of about 50 after about 200 are closed in the older . He has a net worth of $5 billion. By the mid-1990s, Richard completed his purchase of Continental Development Corporation, which has now developed well over 5 million square feet of commercial buildings. But you knew that already, right? On average, MMA Capital Inc executives and independent directors trade stock every 20 days with the average trade being worth of $136,434. If you continue to experience issues, contact us at 202-466-1032 or help@chronicle.com. Second of all, that it felt warm and welcoming. The hospital will also use the money to provide better stroke care. 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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. Last updated: 21 July 2019 at 11:53pm EST. A $50 million stretch goal was then established. 2022 McPherson College. 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 bring joy and possibility to our lifes work at McPherson College and the work of so many others. Content to be delivered from v144.philanthropy.com and chronicle.blueconic.net high blood pressure at a church in South L.A. Mr.... 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