In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. What impresses me is how AltaSea connects research to action in the fight against climate change, Lundquist said. The two slowly became friends and over time they started dating. Later in the commencement address, Lundquist lauded the colleges ethos and encouraged the students to carry that throughout their life. They also would rather support nonprofits that need them rather than those that most wealthy people usually back. In the country there are 11 million fewer patient days today than there were in 2008, Leach said. Feb. 10, 2019 7 AM PT In the months leading up to their 70th birthdays, Melanie and Richard Lundquist thought about ways to celebrate. All Rights Reserved. The hospital installed an interactive system that provides patients with health education videos or movies on demand on 40-inch HD televisions. 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. 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. . 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. Now, with the addition of the Lundquists $25 million gift, the stretch goal has been surpassed by $3 million, two years earlier than expected. Prior to that, she was managing director of the Port of Long Beach. 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. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. Do you have info to share with HuffPost reporters? Gross, not counting taxes, carrying costs, real estate fees, etc. Since then, the Lundquists have become regular supporters of the college. 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. 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. (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. As we mentioned earlier, Mr. 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 couple will celebrate their 30th anniversary next year, and friends keep asking how they plan to mark the occasion. 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. Lundquist was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. 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. The most likely cause of this is a content blocker on your computer or network. 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. 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. About one-third of patient rooms have a visible brace designed to absorb a jolt from an earthquake. His answer? Then Mr. 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. In addition, Geraldine has played a critical role in helping AltaSea create focal points of collaboration and expand its mission. Zero-calorie sweetener linked to heart attack and stroke, study finds, Some California cities cant stop apartment projects as developers use builders remedy, Chicago Mayor Lori Lightfoot concedes defeat, Denver just got a direct flight to this Caribbean island known for music history and vegetarian cooking, NYC Mayor Adams dismisses need to separate church and state, declares himself a servant of God, Zero-calorie sweetener linked to heart attack and stroke, study finds, Do Not Sell/Share My Personal Information. 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. She said, Melanie, I know it when I see it, and hes not our donor. I was really disappointed, says Lundquist. 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. The hospital will also use the money to provide better stroke care. or subscribe. 1. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her philanthropic work. Richard and I talked about it. The Lundquists bring joy and possibility to our lifes work at McPherson College and the work of so many others. Improve Los Angeless most underserved public schools. Mr. 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. No kidding. 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. A decade ago, they pledged. They have also helped . 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 . The $32-million donation is the second-largest gift this year to a healthcare provider or organization, according to the Chronicle of Philanthropy. 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. Last updated: 21 July 2019 at 11:53pm EST. For more information on AltaSea, please see our website: https://altasea.org, Jacob Scott 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. Back to Orange County. They had very good reasons not to believe in us.. No big parties, just more big philanthropy, says Melanie Lundquist. 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 Lundquists have also spurred biomedical innovation and research through their significant gifts to The Lundquist Institute and have supported McPherson College with the largest-ever gift to a private liberal arts college in Kansas. Melanie and her husband Richard are agents of change and two of . 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. We are proud to be Bulldogs, said Melanie Lundquist. Yolanda is also not sure if there was a house on the lot when he acquired it or if it was just vacant land. Theyve also gotten to know the beneficiaries. 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. 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. Anyway, Mr. & Mrs. She writes about wealthy philanthropists, arts organizations, key trends and insights related to high-net-worth donors, and other topics. Staying student-centered is at the heart of everything we do at the Partnership and were proud to support our Lundquist Fellows. The Grosses spent years attempting to unload their place at a variety of asking prices before it finally sold in May 2014 for just $16,500,000 to venture capitalist Hank Plain and his wife Lisa. 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. Nobody thought Ms. Aniston would ever get anywhere near $30 million for that house. You are also agreeing to our Terms of Service and Privacy Policy. And theyve taken a very unusual approach to naming rights one that sacrifices their own vanity for the sake of the institution. Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern California. The South Bay couple, who have donated more than $200. Melanie F Lundquist: 2041 Rosecrans Ave Ste 200, El Segundo, CA 90245-4792: 202112: . Thats a $3.5 million loss for Mr. The Lundquists relationship with McPherson College started in 2014. Gross is now with a much-smaller firm: Janus Capital. 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. Richard also serves on the El Segundo Economic Development Corporation Board of Governors and the Lundquist Institutes Board of Directors. 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. 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. I call them heroes, Leach said of the Lundquists. We want to make transformative contributions and create systematic change, and we want to be about the big picture, says Melanie Lundquist. 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. 2022 McPherson College. They have appeared four times on The Philanthropy 50, the annual list of Americas 50 most generous philanthropists. 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. They choose not to follow the crowd; instead, they seek to kick off a virtuous cycle that attracts other donors. She says her public school teachers were some of the most influential people in her life. 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. McPherson College Bestows Honorary Doctoral Degrees on Melanie and Richard Lundquist for Body of Work Creating Systemic Change. 2022 McPherson College. You may then be asked to log in, create an account if you don't already have one, We knew going in this (project) was a big (financial) stretch.. This five-year fellowship program seeks to further develop students who have demonstrated outstanding leadership and commitment to their schools, education, and communities with an academic scholarship and opportunities for personal and professional growth. 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. At that, the Lundquists shifted into high gear, helping raise money for his campaign. 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. Gross no longer works with PIMCO. Gross purchased his Irvine Cove property way, way back in March 1988. Must be nice to have that kind of spending power, huh? 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). 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. But apparently thats not space for this certified Real Estate Baller. 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 Melanie Lundquist, who volunteered at the hospitals front desk for more than a decade, said she saw firsthand the vital services Torrance Memorial provides. Well, now you have. 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. She established the Cardiovascular Institute at the Torrance Memorial Medical Center where she emphasizes womens heart health. Most unusually, the property shares its driveway with another house. The Lundquists met in the 1980s as neighbors in an apartment complex in Redondo Beach, a coastal city in Los Angeles County. May 24, 2022 McPherson College in McPherson, Kansas, has announced a $25 million gift from Melanie and Richard Lundquist. In 2013, the Lundquists donated $50 million for the creation of a patient building at the hospital with all private rooms, now called the Lundquist Tower. 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. Although Torrance Memorial already is the largest acute-care hospital in the South Bay, the new tower will increase the total number of beds to 446. I guess I was observing more than I thought and saw this was just a really wonderful, caring place.. Philanthropists Melanie and Richard Lundquist have donated $32 million to Torrance Memorial Medical Center to improve neurological, orthopedic and spinal care at the hospital. Southern California has already proven that it can be a leader in this area, said Knatz. Eventually, patients will be able to order meals akin to room service in a hotel, request housekeeping services and buy gift shop items. 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. 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. Lundquist got to know the day-to-day workings of the local hospital as a volunteer the 1980s and 90s. For frequently asked questions please click here. On a brighter note, Yolanda is on her way to Death Valley for the weekend to escape LAs heat. That came on the heels of declining patient volumes since the outset of the recession and a significant decline in cash flow earlier in 2013, Moodys said. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. Rooms also have sleeper sofas for friends and family and a tablet arm for charging mobile devices. The Lundquists are philanthropists from the wealthy Los Angeles suburb of Palos Verde Estates. A $50 million stretch goal was then established. The Partnership for Los Angeles Schools is an example of a public-private partnership. Thats not something you want to get on the 405 Freeway and make your way to Cedars or UCLA for, he said. That commitment to others is what inspires us as well. The lower floors will be used for outpatient services, but officials are still deciding how to use the upper floors. Heres how. She is currently a Professor of the Practice of Policy and Engineering at USC. 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. The Lundquists other philanthropic passion, health care, has been demonstrated mainly through a series of gifts totaling nearly $100 million to the Torrance Memorial Medical Center, just south of Los Angeles. 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. Please make sure your computer, VPN, or 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. Leach said thats a reflection of nationwide trends from the past six years. Lundquist Fellows also receive a scholarship each year they fulfill program requirements, totaling $2,000 after completing five years of participation. There are perks for donors who contribute more than $150,000. Gross currently owns Ohana, the large and luxe spread he bought from Jennifer Aniston in 2011 for an unprecedented $35,000,000. Third of all, that you knew where you were. LOS ANGELES, Feb. 11, 2019 /PRNewswire/ -- Southern California philanthropists Melanie and Richard Lundquist have donated $70 million to the Los Angeles Biomedical Research Institute (LA BioMed . About Dr. Lundquist Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. Knatz has authored numerous publications as well as two award-winning books on the Port of Los Angeles. 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. Its a real climb uphill; the boulders are sitting there ready to tumble down on me, but thats OK. We like a challenge.. Wanting to put their friend at ease around fundraisers, the Lundquists joined him for a tour of the hospital. Forbes ' real-time rankings of the world's billionaires pegs Aneel Bhusri's net worth at $1.8 billion. Then theres Apple CFO Luca Maestri who paid $9,000,000 for his forest-like 17 Mile Drive property, and Palos Verdes-based philanthropists Richard & Melanie Lundquist, who just this April (2016) slammed down $28,000,000 for a major 17 Mile Drive estate and they already own a smaller home on the very same road! There were infrastructure upgrades for some of the most neglected facilities, but there were also elements that reached deeply into the operations of the schools, including teacher-support programs, academic and other coaching for students, and advice and engagement efforts for parents. L.A. County Supervisor Janice Hahn, who represents the South Bay, said the Lundquists donation helps ensure healthcare is accessible for the community. Its among the 60 biggest gifts in the healthcare sector since 2005. Students apply and are selected to join the program during their seventh and eighth grade school year. 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 As best as we can tell by aerial images, the house underwent a renovation a few years ago. The hospital currently operates at 75 percent occupancy. 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. Continental Development also developed Continental Park, considered the largest mixed-use office park in Los Angeles County. That transaction made all the real estate headlines and disclocated jaws from Los Feliz to Malibu. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. The gift announced this week brings the couples total contributions to the hospital to $100 million over the last 11 years. They helped bring in gifts from Wells Fargo and DirecTV, as well as a number of large foundations. We hope this gift will cause everyone to pay greater attention to the value of small liberal arts colleges. Second of all, that it felt warm and welcoming. AltaSea at the Port of Los Angeles is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation, and inspiring the next generation, all for a more sustainable, just, and equitable world. Then there's Apple CFO Luca Maestri who paid $9,000,000 for his forest-like 17 Mile Drive property, and Palos Verdes-based philanthropists Richard & Melanie Lundquist, who just this April (2016) slammed down $28,000,000 for a major 17 Mile Drive estate and they already own a smaller home on the very same road! 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. Before joining The Times in 2013, she worked for the Oregonian, San Francisco Chronicle, Nation magazine in D.C. and Thomson Reuters in London. 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