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 . They have appeared four times on The Philanthropy 50, the annual list of Americas 50 most generous philanthropists. 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. We told (the architects) we wanted something unique and special for this community. 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. Wake up to the day's most important news. On average, MMA Capital Inc executives and independent directors trade stock every 20 days with the average trade being worth of $136,434. 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. 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. But the report makes clear that more needs to be done, and to that end the Lundquists donated an additional $35 million last year. Some of the funding will also go toward improving the care delivered to surgical and intensive care unit patients, he said. Then Mr. 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. 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. The couple also helps the medical center attract additional dollars by speaking to groups of potential donors and working with hospital leaders to cultivate relationships with wealthy philanthropists. Gross somewhat unexpectedly slammed down $23,000,000 for a double-lot mansion on Harbor Island in Newport Beach (CA). She has been quoted in top-tier media outlets, including the New York Times and appeared on Bloomberg Television. Specifically, he resides in Irvine Cove, perhaps Orange Countys most exclusive and expensive guard-gated community. Melanie is a sought-out voice on public education and philanthropic issues. No big parties, just more big philanthropy, says Melanie Lundquist. We hope this gift will cause everyone to pay greater attention to the value of small liberal arts colleges. AltaSea is quickly becoming a place where students can gain interactive, hands-on experience directly with entrepreneurs, focused on the blue economy.. Construction is complete on Torrance Memorial's new $480 million Melanie and Richard Lundquist Tower. Heres how. 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. 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 two slowly became friends and over time they started dating. McPherson College has conferred honorary doctorates on Melanie and Richard Lundquist 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. 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. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. Once javascript and access to those URLs are allowed, please refresh this page. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. We wouldnt be featuring him if he had a Warren Buffett-style real estate situation. Its a real climb uphill; the boulders are sitting there ready to tumble down on me, but thats OK. We like a challenge.. But if there was a house there, it was demolished faster than yall can snap your fingers twice. She writes about wealthy philanthropists, arts organizations, key trends and insights related to high-net-worth donors, and other topics. 1. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. Continental Development also developed Continental Park, considered the largest mixed-use office park in Los Angeles County. 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. 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. But we took a look at recent (2016) aerial imagery and it does not appear that Mr. For decades, he very successfully led and grew the company as Chief Investment Officer. This is humbling for Richard and me. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. In short, hes a very big deal. At McPherson College, you learned how to think outside the building, not just the box keep at it, said Lundquist. An Update for Readers on Our New Nonprofit Status, Physicist From Humble Origins Showers Cash on Education. Patients will no longer need to be referred out of the South Bay for neurological care, Torrance Memorial Chief Executive Craig Leach said. Thats not something you want to get on the 405 Freeway and make your way to Cedars or UCLA for, he said. 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. In January, the Partnership released a public report (paid for by the Carnegie Corporation) analyzing what the organization has accomplished over the past decade. 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 . 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. Villaraigosa had to do some arm twisting, as Melanie Lundquist puts it, to get the Los Angeles Unified School Districts board to agree to let the Partnership into the schools. 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. We are unable to fully display the content of this page. In addition, she is a significant donor to the Alliance for College-Ready Schools, a Los Angeles charter organization. She served for 10 years (2007-2017) on Californias Ocean Protection Council from 2007 to 2017, first appointed by Governor Arnold Schwarzenegger and reappointed by Governor Brown. Torrance Memorial Medical Center has now received a total of $100 million from Los Angeles philanthropists Melanie and Richard Lundquist. Melanie Lundquist comes from a family of individual philanthropists. It was an ambitious concept for nonprofit involvement in a public-school system. The Balinese-inspired property was photographed for Architectural Digest in 2010 under Ms. Anistons ownership. Pride festival. They had very good reasons not to believe in us.. Wanting to put their friend at ease around fundraisers, the Lundquists joined him for a tour of the hospital. As everyone and their aunties therapist knows and as was first revealed by the incomparable Your Mama over atVariety Mr. David G. Booth, . 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. 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. As far as we can tell, Mr. However, Mr. The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana. Its going to be a tremendous community asset, said President and CEO Craig Leach. The lower floors will be used for outpatient services, but officials are still deciding how to use the upper floors. Part of HuffPost News. 2023 BuzzFeed, Inc. All rights reserved. Send us a tip using our anonymous form. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. 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. Leach said thats a reflection of nationwide trends from the past six years. (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. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. 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. That transaction made all the real estate headlines and disclocated jaws from Los Feliz to Malibu. 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. 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.. 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. Their gifts have helped transform public education and health care delivery, spur biomedical research and innovation, and propel efforts to combat climate change. The Lundquists relationship with McPherson College started in 2014. 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. Melanie Maring Lundquist Net Worth What's Melanie Lundquist's mailing address? Melanie and her husband Richard are agents of change and two of . Yes, kiddies, a tractor landlord can afford a $20 million vacant lot in one of the OCs most exclusive enclaves. 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. As best as we can tell by aerial images, the house underwent a renovation a few years ago. The hybrid operating room offers such advantages as a zero-gravity radiation protection system, said Dr. Amir Kaviani, a vascular surgeon. 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. Thats $35,800,000 that this mysterious trust threw down in the span of a week all cash. 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. Prior to that, she was managing director of the Port of Long Beach. 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. 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. 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. 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. 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. This five-year fellowship program seeks to further develop students who have demonstrated outstanding . Philanthropists Melanie and Richard Lundquist have donated $32 million to Torrance Memorial Medical Center to improve neurological, orthopedic and spinal care at the hospital. 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. They also would rather support nonprofits that need them rather than those that most wealthy people usually back. Lundquist was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. Here we are six years later and we are now at $130 million in giving for this building.. Last updated: 21 July 2019 at 11:53pm EST. Due to the pandemic, the hooding ceremony was delayed until this years commencement exercises. Improve Los Angeless most underserved public schools. She and her husband Richard are the second-largest donors to AltaSea behind the Annenberg Foundation. 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. 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. 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.. Students apply and are selected to join the program during their seventh and eighth grade school year. That's a net gain of about 50 after about 200 are closed in the older . network allows javascript and allows content to be delivered from v144.philanthropy.com and chronicle.blueconic.net. The $32-million gift will go toward the creation of an orthopedic and spine institute as well as a neuroscience institute. During the past twelve months, AltaSea has secured $24 million in local, state, and federal funding commitments and is a finalist for a $32 million U.S. Economic Development Administration federal grant. Lundquist got to know the day-to-day workings of the local hospital as a volunteer the 1980s and 90s. The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana . 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. His answer? The Lundquists dont have children. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. But you knew that already, right? 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. Then, exactly one week later on June 10th a two=story mock-med house next door to Mr. Grosss place sold for $16,000,000. They choose not to follow the crowd; instead, they seek to kick off a virtuous cycle that attracts other donors. At times, it will not be easy. 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. Dr. Melanie Lundquist, LHD, Known as One of Californias Most Active Philanthropists, Plans to Help AltaSea Expand Its Reach to Inspire the Next Generation. 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. 2023 Dirt.com, LLC. Additionally, it takes smart leaders to move a college ahead, and we appreciate the good work of President Schneider and his team. 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