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. As far as we can tell, Mr. 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. In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. Gross came and shut the haters down. We have had the pleasure of getting to know many McPherson College students and hosting them in California. Richard also serves on the El Segundo Economic Development Corporation Board of Governors and the Lundquist Institutes Board of Directors. 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. Gross paid an even-steven $20,000,000 for a spectacular mansion on famed 17 Mile Drive in Pebble Beach (CA). Anyway, Mr. & Mrs. The Lundquists $50 Million gift to the Partnership is the largest private donation ever made to Los Angeles schools. The hospital currently operates at 75 percent occupancy. 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. They have also helped . The lower floors will be used for outpatient services, but officials are still deciding how to use the upper floors. In 1988, he became President & CEO of Continental Development Corporation. 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. Mrs. Lundquist and her husband Richard are graduates of Los Angeles public schools where, as she told Los Angeles Times columnist Steve Lopez, "I got a wonderful education, and there are 50 teachers I could name right now who were some of my best friends, and even after I graduated, they continued to be friends." 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. 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. 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. Some of the other richie-rich residents on ultra-exclusive (and gated) Harbor Island include billionaire Donald Bren and billionaire George Argyros. We want to make transformative contributions and create systematic change, and we want to be about the big picture, says Melanie Lundquist. 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. 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. All Rights Reserved. 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 Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. We want to hear from you! Back in 2002, Mr. & Mrs. 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. The $32-million gift will go toward the creation of an orthopedic and spine institute as well as a neuroscience institute. 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. Hes also, duh, a major lover of luxury real estate. Since then, the Lundquists have become regular supporters of the college. Due to the pandemic, the hooding ceremony was delayed until this years commencement exercises. Melanie was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. Excited about helping connect the hospital to a potential big donor, Melanie Lundquist later asked the head of development about the friend. These deals were kept hush-hush. That commitment to others is what inspires us as well. 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. Additionally, it takes smart leaders to move a college ahead, and we appreciate the good work of President Schneider and his team. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. Rooms also have sleeper sofas for friends and family and a tablet arm for charging mobile devices. Part of HuffPost News. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. And they have more big giving plans to come. He won, and with input from others, the Partnership eventually grew from a rough idea to a full-fledged nonprofit in two years. In the country there are 11 million fewer patient days today than there were in 2008, Leach said. Insiders trading at MMA Capital Inc 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 . Lundquist was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. By focusing resources on improving a key community hospital, the Lundquists are helping to strengthen the safety net for health care in our entire region, she said in a statement. Later in the commencement address, Lundquist lauded the colleges ethos and encouraged the students to carry that throughout their life. Students apply and are selected to join the program during their seventh and eighth grade school year. Last updated: 21 July 2019 at 11:53pm EST. Heres how. 2022 McPherson College. 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. His answer? McPherson College has seen tremendous growth, with a 300 percent increase in applications and 40 percent increase in enrollment since 2009. It was an ambitious concept for nonprofit involvement in a public-school system. The Lundquists met in the 1980s as neighbors in an apartment complex in Redondo Beach, a coastal city in Los Angeles County. It recently opened USCs Nuzhdin Aquaculture Lab and Holdfast Aquaculture Lab. 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. Thats $35,800,000 that this mysterious trust threw down in the span of a week all cash. "Melanie and I have invested both our time and financial resources at the institute," Richard Lundquist. Gross purchased his Irvine Cove property way, way back in March 1988. They are co-founders of the Partnership for Los Angeles Schools, a sustainable, national turnaround model for underserved non-charter K-12 public schools. Records show Mr. Grosss new mansion which appears to be contemporary in style was completed sometime in 1989. Pride festival. 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 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. 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. Dr. Richard Lundquist, LHD, is a native and lifelong resident 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. . 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. August 3, 2022 | Giving Pledge signatories Lyda Hill and Lynn Schusterman, along with Lynn's daughter, Stacy Schusterman, are among this year's recipients of the Carnegie Medal of Philanthropy for their exemplary track record of giving and the impact of their generosity. We told (the architects) we wanted something unique and special for this community. Public dollars alone can no longer sustain our society. Its going to be a tremendous community asset, said President and CEO Craig Leach. 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. 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. I guess I was observing more than I thought and saw this was just a really wonderful, caring place.. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. 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 jscott@vectisstrategies.com Mr. 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. 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. Now get this, kiddies. She writes about wealthy philanthropists, arts organizations, key trends and insights related to high-net-worth donors, and other topics. Thats not something you want to get on the 405 Freeway and make your way to Cedars or UCLA for, he said. The gift. 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. 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. Medical staff wont move to the new tower overlooking Lomita Boulevard until Nov. 16, once the state-of-the-art, 256-bed hospital is fully stocked and staffed and patients literally roll in from the existing hospital wing. But if there was a house there, it was demolished faster than yall can snap your fingers twice. The hospital installed an interactive system that provides patients with health education videos or movies on demand on 40-inch HD televisions. Gross currently owns Ohana, the large and luxe spread he bought from Jennifer Aniston in 2011 for an unprecedented $35,000,000. Improve Los Angeless most underserved public schools. 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. About one-third of patient rooms have a visible brace designed to absorb a jolt from an earthquake. Most notable among her philanthropic activities is her generous support of the Partnership for Los Angeles Schools. 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. Do you have info to share with HuffPost reporters? Give your time, talent, and treasure for the love of humanity.. 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. The Lundquists have been involved with the hospital for several years, both as patients and donors. Richard and Melanie Lundquist said they were impressed with the final product. Continental Development also developed Continental Park, considered the largest mixed-use office park in Los Angeles County. The Richard and Melanie Lundquist Fellows Program started in 2010, based on Partnership co-founders Richard and Melanie Lundquists vision to help identify and support future leaders in the Partnerships middle schools and high schools. 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. Our goal now is to encourage fresh thinking, new ideas and a real commitment from business and science to uncover those answers and put them to work improving our lives and the health of our planet.. Who is Blake Quinn? Construction is complete on Torrance Memorial's new $480 million Melanie and Richard Lundquist Tower. 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. Maybe hes converting it into a guest/staff residence. But apparently thats not space for this certified Real Estate Baller. MMA Capital Holdings, Inc. focuses on infrastructure-related investments that generate positive environmental and social impacts and deliver attractive risk-adjusted total returns to shareholders, with an emphasis on debt associated with infrastructure including renewable energy projects. Melanie and her husband Richard are agents of change and two of . 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. They choose not to follow the crowd; instead, they seek to kick off a virtuous cycle that attracts other donors. 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. 1. 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. Yolanda is also not sure if there was a house on the lot when he acquired it or if it was just vacant land. 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. Staying student-centered is at the heart of everything we do at the Partnership and were proud to support our Lundquist Fellows. Patient rooms, waiting rooms and pre- and post-operation areas are built out to exterior walls to take advantage of the light and views. This is humbling for Richard and me. Southern California philanthropists and real-estate investors Richard and Melanie Lundquist like to give big to causes and nonprofits that need them the most. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. There are perks for donors who contribute more than $150,000. 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.. 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