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. 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 . The hospital installed an interactive system that provides patients with health education videos or movies on demand on 40-inch HD televisions. 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. 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. 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. 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. About Dr. Richard Lundquist, LHD Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern 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. I was one of those blue-haired little old ladies working the desk on Thursday nights, she says. The two slowly became friends and over time they started dating. . Back to Orange County. They are also continuing to take an active role in helping the nonprofit raise money from others. 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. The institute has more than 120 medical researchers working on 600 studies, including therapies for multiple orphan diseases. However, Mr. The Lundquists relationship with McPherson College started in 2014. Richard is considered one of Californias most respected real estate developers. He was busy building a real-estate business, and she was a speech pathologist working with special-education children. 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. Last updated: 21 July 2019 at 11:53pm EST. Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern California. Unfortunately for the Grosses pocketbooks, the vacant land did not sell until April 2014, when Blake Quinn paid $20,800,000 through an LLC for the prime parcel. 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. The deadline for the Lundquist Fellows program is Thursday, March 30, 2023. The largest gift in the college's 135-year history is the largest gift made by the Lundquists outside their native California. 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 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. 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. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. The underlying foundation of the big picture for everything is education and health care; theyre basic human rights to us., A version of this article appeared in the. The lower floors will be used for outpatient services, but officials are still deciding how to use the upper floors. 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. You are also agreeing to our Terms of Service and Privacy Policy. Gross currently owns Ohana, the large and luxe spread he bought from Jennifer Aniston in 2011 for an unprecedented $35,000,000. Expansive windows that allow light to flood in is a constant theme throughout the building, said Connie Senner, director of construction. 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. This is a statement that Melanie and Richard Lundquist can relate to. 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. Yes, kiddies, a tractor landlord can afford a $20 million vacant lot in one of the OCs most exclusive enclaves. The house is in perhaps the poshest part of the entire road and backs up to, as per our Mama, the best fairway on what is perhaps one of the worlds most famous golf courses. Leach said thats a reflection of nationwide trends from the past six years. Residential Links: www.philanthropy.com By: jdubble07 Advertisement Around the World Mailing List Advertisement 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. Gross paid an even-steven $20,000,000 for a spectacular mansion on famed 17 Mile Drive in Pebble Beach (CA). An Update for Readers on Our New Nonprofit Status, Physicist From Humble Origins Showers Cash on Education. 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. 2023 BuzzFeed, Inc. All rights reserved. Eventually, patients will be able to order meals akin to room service in a hotel, request housekeeping services and buy gift shop items. 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. Improve Los Angeless most underserved public schools. 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. Additionally, it takes smart leaders to move a college ahead, and we appreciate the good work of President Schneider and his team. Richard also serves on the El Segundo Economic Development Corporation Board of Governors and the Lundquist Institutes Board of Directors. 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. Its a real climb uphill; the boulders are sitting there ready to tumble down on me, but thats OK. We like a challenge.. 2022 McPherson College. Were truly lucky to have Richard and Melanie as members of the McPherson College family and this conferral recognizes that, said Schneider. No pun intended. We are proud to recognize them with these honorary degrees, said Amanda Gutierrez, vice president for the colleges auto restoration program. A little web research reveals he is CEO of the Quinn Group, a massive Fresno, CA-based lessor of Caterpillar tractors and related equipment. . We hope this gift will cause everyone to pay greater attention to the value of small liberal arts colleges. The gift. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Richard and Melanie Lundquist said they were impressed with the final product. Richard and I talked about it. I guess I was observing more than I thought and saw this was just a really wonderful, caring place.. 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. I call them heroes, Leach said of the Lundquists. 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. We are especially touched that the honorary degrees are being conferred by McPherson College, a place that for over 130 years has been educating students with a special focus on service. Forbes ' real-time rankings of the world's billionaires pegs Aneel Bhusri's net worth at $1.8 billion. Richard holds an undergraduate Bachelor of Science from the University of Southern California. 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. Dr. Melanie Lundquist, LHD, Known as One of Californias Most Active Philanthropists, Plans to Help AltaSea Expand Its Reach to Inspire the Next Generation. 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. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. Nobody thought Ms. Aniston would ever get anywhere near $30 million for that house. 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.. (Thomas R. Cordova / Staff Photographer). For more information on AltaSea, please see our website: https://altasea.org, Jacob Scott 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. Third of all, that you knew where you were. After a decade of knowing McPherson College, your president, and your provost, we know our $25 million is the right big bet.. 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. Since then, the Lundquists have become regular supporters of the college. She says her public school teachers were some of the most influential people in her life. 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. 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 . 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. Commencement Speaker Dr. Melanie Lundquist encourages students to persevere and embrace the nuances in life as she announces largest gift in colleges history. The most likely cause of this is a content blocker on your computer or network. 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. Pride festival. 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. 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. 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. All Rights Reserved. (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. 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. Gross purchased his Irvine Cove property way, way back in March 1988. Sixteen original art installations, many with South Bay themes, are scattered throughout the tower. 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. Blah blah blah. Richard and Melanie Lundquist, United States. 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. Hes also, duh, a major lover of luxury real estate. He won, and with input from others, the Partnership eventually grew from a rough idea to a full-fledged nonprofit in two years. The grand opening will be held on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. So their gift agreements with the medical center, which has named a building and the cardiovascular center for them, include a provision aimed at spurring donor bidding wars. Due to the pandemic, the hooding ceremony was delayed until this years commencement exercises. But the report makes clear that more needs to be done, and to that end the Lundquists donated an additional $35 million last year. 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