The Partnership for Los Angeles Schools is an example of a public-private partnership. 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 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. The couple had previously donated $18 million for other hospital upgrades, including the Lundquist Cardiovascular Institute, they said. Have you ever heard of a $35 million house that has to share its driveway (and gate) with the next door neighbors? The Lundquists are signatories of the Giving Pledge and have appeared four times on The Philanthropy 50, the annual list of Americas 50 most generous philanthropists. Southern California philanthropists and real-estate investors Richard and Melanie Lundquist like to give big to causes and nonprofits that need them the most. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. California philanthropists and Giving Pledge Signatories Drs. or subscribe. 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. 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. McCarthy served as general contractor of the hospital facility, which was delivered over four-and-a-half months early and $10 million under budget. No pun intended. The remainder of the tower is devoted to patient rooms, including 48 intensive care units. These deals were kept hush-hush. The most likely cause of this is a content blocker on your computer or network. As we mentioned earlier, Mr. They also would rather support nonprofits that need them rather than those that most wealthy people usually back. 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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 knew going in this (project) was a big (financial) stretch.. 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. Gross no longer works with PIMCO. 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. The impact of the Lundquists gift and friendship is truly immeasurable.. To apply, access the application by clicking here. 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. McPherson College is proud to honor Melanie and Richard Lundquist for their body of work that has driven systemic change in so many ways, said Michael P. Schneider, president of McPherson College, who conferred the degrees virtually earlier this month. Melanie is a sought-out voice on public education and philanthropic issues. 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. Improve Los Angeless most underserved public schools. Nobody thought Ms. Aniston would ever get anywhere near $30 million for that house. In short, hes a very big deal. 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. Back in 2002, Mr. & Mrs. 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. On average, MMA Capital Inc executives and independent directors trade stock every 20 days with the average trade being worth of $136,434. Some of the other richie-rich residents on ultra-exclusive (and gated) Harbor Island include billionaire Donald Bren and billionaire George Argyros. The lot is a large (for the area) .53-acre of land. 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. Earlier this month, Richard donated his prized Enzo Ferrari 1972 365GTB/4 Daytona, marking the first Ferrari in the automotive restoration programs 45-year history. May 24, 2022 McPherson College in McPherson, Kansas, has announced a $25 million gift from Melanie and Richard Lundquist. And theyve taken a very unusual approach to naming rights one that sacrifices their own vanity for the sake of the institution. You are also agreeing to our Terms of Service and Privacy Policy. Most notable among her philanthropic activities is her generous support of the Partnership for Los Angeles Schools. 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. Gross has done much with the large spread across the street in the past two years. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. (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. About one-third of patient rooms have a visible brace designed to absorb a jolt from an earthquake. Patient rooms, waiting rooms and pre- and post-operation areas are built out to exterior walls to take advantage of the light and views. 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. She is past president of the American Association of Port Authorities and past president of the International Association of Ports and Harbors. Theyve also gotten to know the beneficiaries. In June 2018, the Chronicle of Philanthropy featured the Lundquists in a profile story titled A Lifetime Commitment: LA couple, who have signed the Giving Pledge, donate to groups that need them the most. They have appeared four times on The Philanthropy 50, the annual list of Americas 50 most generous philanthropists, published by the Chronicle of Philanthropy. 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. Commencement Speaker Dr. Melanie Lundquist encourages students to persevere and embrace the nuances in life as she announces largest gift in colleges history. Theres an infinity pool and direct golf-green-fronting views. We want to make transformative contributions and create systematic change, and we want to be about the big picture, says Melanie Lundquist. 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. In addition, she is a significant donor to the Alliance for College-Ready Schools, a Los Angeles charter organization. Soumya Karlamangla previously covered healthcare in California for the Los Angeles Times. David G. Booth, . This January, they announced publicly an additional $35 million ten-year commitment they made to the Partnership late last year. Most unusually, the property shares its driveway with another house. Melanie F Lundquist: 2041 Rosecrans Ave Ste 200, El Segundo, CA 90245-4792: 202112: . The $32-million donation is the second-largest gift this year to a healthcare provider or organization, according to the Chronicle of Philanthropy. An Update for Readers on Our New Nonprofit Status, Physicist From Humble Origins Showers Cash on Education. MMA Capital is externally managed and advised by Hunt Investment Management, LLC, an affiliate of Hunt Companies, Inc. MMA Capital Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. While Mr. 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. Richard and Melanie Lundquist, United States. 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. 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. 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. Since then, the Lundquists have become regular supporters of the college. The gift announced this week brings the couples total contributions to the hospital to $100 million over the last 11 years. She and her husband Richard are the second-largest donors to AltaSea behind the Annenberg Foundation. 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. jscott@vectisstrategies.com Southern California philanthropists and real-estate investors Richard and Melanie Lundquist like to give big to causes and nonprofits that need them the most. Feb. 10, 2019 7 AM PT In the months leading up to their 70th birthdays, Melanie and Richard Lundquist thought about ways to celebrate. The deadline for the Lundquist Fellows program is Thursday, March 30, 2023. Send us a tip using our anonymous form. . 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. Its a real climb uphill; the boulders are sitting there ready to tumble down on me, but thats OK. We like a challenge.. If you continue to experience issues, contact us at 202-466-1032 or help@chronicle.com. 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. 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. 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! 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. In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. Gross, not counting taxes, carrying costs, real estate fees, etc. 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. 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. Then Mr. As everyone and their aunties therapist knows and as was first revealed by the incomparable Your Mama over atVariety Mr. The Lundquists are signatories of the Giving Pledge, the movement where some of the U.S.s wealthiest individuals and couples commit to give more than half their wealth away. The Lundquists are philanthropists from the wealthy Los Angeles suburb of Palos Verde Estates. The Lundquists are signatories of the Giving Pledge and have appeared four times on The Philanthropy 50, the annual list of Americas 50 most generous philanthropists. Maria directs the annual Philanthropy 50, a comprehensive report on Americas most generous donors. 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. 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. 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.. 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. Charles Butt H-E-B United States Charles Butt is the chairman and CEO of H-E-B, a grocery chain in Texas and northeastern Mexico founded by his grandmother. A $50 million stretch goal was then established. They have carved out a path less traveled helping to improve outcomes for people, especially those living at the margins. 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. 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. Lundquist Fellows also receive a scholarship each year they fulfill program requirements, totaling $2,000 after completing five years of participation. The couple will celebrate their 30th anniversary next year, and friends keep asking how they plan to mark the occasion. 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. Gross owns a heavy handful of ludicrously-expensive residences all over the place, his main residence for decades has been in Laguna Beach, behind the Orange Curtain. 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. Richard earned his Bachelor of Science Degree from the University of Southern California. 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. 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 Doctor of Humane Letters (LHD) degrees were awarded by McPherson Colleges Board of Trustees and faculty, who voted unanimously to recognize the Lundquists with the honorary degrees. Who is Blake Quinn? The South Bay couple, who have donated more than $200. Back to Orange County. Excited about helping connect the hospital to a potential big donor, Melanie Lundquist later asked the head of development about the friend. 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. That transaction made all the real estate headlines and disclocated jaws from Los Feliz to Malibu. 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. By entering your email and clicking Sign Up, you're agreeing to let us send you customized marketing messages about us and our advertising partners. Before joining The Times in 2013, she worked for the Oregonian, San Francisco Chronicle, Nation magazine in D.C. and Thomson Reuters in London. 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. The previous owner of that house, sadly enough, hanged herself inside the massive mansion only a year before the sale. Knatz has authored numerous publications as well as two award-winning books on the Port of Los Angeles. Melanie and Richard Lundquist are among California's most significant philanthropists, having pledged more than $325 million in charitable contributions toward educational, medical, and. They helped bring in gifts from Wells Fargo and DirecTV, as well as a number of large foundations. 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. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. She is currently a Professor of the Practice of Policy and Engineering at USC. The hospital currently operates at 75 percent occupancy. 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. Philanthropists Melanie and Richard Lundquist have donated $32 million to Torrance Memorial Medical Center to improve neurological, orthopedic and spinal care at the hospital. We are proud to be Bulldogs, said Melanie Lundquist. Gross is now with a much-smaller firm: Janus Capital. The previous largest gift to McPherson College was $10 million. Please, persevere. We told (the architects) we wanted something unique and special for this community. 2022 McPherson College. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her philanthropic work. Senator Jerry Moran. 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. https://www.youtube.com/watch?v=8C5NLfYdZaE, Get our latest stories in the feed of your favorite networks. 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. All Rights Reserved. Southern California has already proven that it can be a leader in this area, said Knatz. We wouldnt be featuring him if he had a Warren Buffett-style real estate situation. She was part of the team of reporters awarded the Pulitzer Prize for its coverage of the 2015 San Bernardino terrorist attack. Records show Mr. Grosss new mansion which appears to be contemporary in style was completed sometime in 1989. Melanie and Richard Lundquist are agents of change and two of California's most significant philanthropists. I have a real thing about womens heart health, so I said to Richard, What if we do this?". Richard and Melanie Lundquist "For us, philanthropy is the meaning of life and also what gives our lives true meaning. The house has 10,000 square feet of interior space with 5 bedrooms, 7.5 bathrooms, a gym, two kitchens, and an infinity pool with baller-style views out to the Pacific. 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. 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. The grand opening will be on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. Pride festival. The new private rooms patients share rooms in the old part of the hospital, which is not optimal for patient privacy or infectious disease control are 30 percent larger than existing rooms. 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! Gross who has been married to his second wife, Sue Frank, for over 30 years and has three grown children, FYI is also a major philanthropist and one of the worlds top stamp collectors. Gross currently owns Ohana, the large and luxe spread he bought from Jennifer Aniston in 2011 for an unprecedented $35,000,000. Richard holds an undergraduate Bachelor of Science from the University of Southern California. 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. 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. 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. McPherson College Bestows Honorary Doctoral Degrees on Melanie and Richard Lundquist for Body of Work Creating Systemic Change. Melanie holds undergraduate and graduate degrees from the University of Southern California in communicative disorders/speech pathology and audiology, as well as a credential as a specialist in special education. It was an ambitious concept for nonprofit involvement in a public-school system. But you knew that already, right? AltaSea is quickly becoming a place where students can gain interactive, hands-on experience directly with entrepreneurs, focused on the blue economy.. We are unable to fully display the content of this page. 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. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. 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. Maybe well get together with the kids or something, adds her husband. Rooms also have sleeper sofas for friends and family and a tablet arm for charging mobile devices. A simple test is helping thousands of diabetics in L.A. 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