Gross purchased his Irvine Cove property way, way back in March 1988. 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.. Heres how. Here we are six years later and we are now at $130 million in giving for this building.. Knatz has also chronicled the fascinating history of the City Dock No. 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.. Leach estimated that about 2,000 patients a year in the South Bay will require advanced stroke care. Eventually, patients will be able to order meals akin to room service in a hotel, request housekeeping services and buy gift shop items. 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. Later in the commencement address, Lundquist lauded the colleges ethos and encouraged the students to carry that throughout their life. 412-445-7719, Internet Explorer presents a security risk. 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Both houses were acquired by the very same buyer a mysterious entity calling itself the White Tiger Trust. Its a real climb uphill; the boulders are sitting there ready to tumble down on me, but thats OK. We like a challenge.. 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. Richard and Melanie Lundquist, United States. 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. 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. At times, it will not be easy. It recently opened USCs Nuzhdin Aquaculture Lab and Holdfast Aquaculture Lab. The grand opening will be on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. 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." This is humbling for Richard and me. Melanie Lundquist goes a step further. McPherson College is important to the success of our state, and this gift will not only help the college continue to grow, but it will also greatly benefit the McPherson community. They also would rather support nonprofits that need them rather than those that most wealthy people usually back. Rather than following the path of so many wealthy donors who back charter-school efforts, the Lundquists wanted to devote their money and attention to where the majority of todays youths receive their education public schools. 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. 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. 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. This January, they announced publicly an additional $35 million ten-year commitment they made to the Partnership late last year. To apply, access the application by clicking here. 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. 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. The facility was built to withstand the largest earthquake geologists say the South Bay could face a magnitude of 7.4, Leach said. 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. Dr. Melanie Lundquist, LHD, Known as One of Californias Most Active Philanthropists, Plans to Help AltaSea Expand Its Reach to Inspire the Next Generation. We hope this gift will cause everyone to pay greater attention to the value of small liberal arts colleges. 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. 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. 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. Feb. 10, 2019 7 AM PT In the months leading up to their 70th birthdays, Melanie and Richard Lundquist thought about ways to celebrate. 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. 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 . 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. Lundquist Fellows also receive a scholarship each year they fulfill program requirements, totaling $2,000 after completing five years of participation. 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. 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. We wouldnt be featuring him if he had a Warren Buffett-style real estate situation. They are indeed special. 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. Southern California philanthropists and real-estate investors Richard and Melanie Lundquist like to give big to causes and nonprofits that need them the most. Richard and I talked about it. Richard served for over ten years as Chairman of the Foundations Board of Directors. Among the successes: Graduation rates and student performance in math and other subjects at most of the participating schools have improved. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. They are co-founders of the Partnership for Los Angeles Schools, a sustainable, national turnaround model for underserved non-charter K-12 public schools. 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. She previously served as the executive director of the Port of Los Angeles from 2006 to January 2014. Southern California philanthropists and real-estate investors Richard and Melanie Lundquist like to give big to causes and nonprofits that need them the most. She was part of the team of reporters awarded the Pulitzer Prize for its coverage of the 2015 San Bernardino terrorist attack. The $32-million gift will go toward the creation of an orthopedic and spine institute as well as a neuroscience institute. 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. Recently, his company and a development partner secured approval to build and lease a new 14-acre headquarters and training facility to the Los Angeles Chargers NFL team. 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. He. (Thomas R. Cordova / Staff Photographer). Its been the best journey of our lives, really.. 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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. A $50 million stretch goal was then established. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. 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. She said, Melanie, I know it when I see it, and hes not our donor. I was really disappointed, says Lundquist. All Rights Reserved. The couple will celebrate their 30th anniversary next year, and friends keep asking how they plan to mark the occasion. As far as we can tell, Mr. 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. Most unusually, the property shares its driveway with another house. You may then be asked to log in, create an account if you don't already have one, Yes, kiddies, a tractor landlord can afford a $20 million vacant lot in one of the OCs most exclusive enclaves. 1, the pier that is home to AltaSea in her latest book about the Port of Los Angeles. 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. 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. However, 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. network allows javascript and allows content to be delivered from v144.philanthropy.com and chronicle.blueconic.net. In addition, she is a significant donor to the Alliance for College-Ready Schools, a Los Angeles charter organization. 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. The gift announced this week brings the couples total contributions to the hospital to $100 million over the last 11 years. Once javascript and access to those URLs are allowed, please refresh this page. No pun intended. Mr. Now get this, kiddies. In addition, Geraldine has played a critical role in helping AltaSea create focal points of collaboration and expand its mission. 2023 BuzzFeed, Inc. All rights reserved. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. 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. The previous owner of that house, sadly enough, hanged herself inside the massive mansion only a year before the sale. They have been invaluable members of the McPherson College community for years, providing counsel on many matters and expanding our network through their vast connections. Richard and Melanie Lundquist said they were impressed with the final product. The Balinese-inspired property was photographed for Architectural Digest in 2010 under Ms. Anistons ownership. Public dollars alone can no longer sustain our society. The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana. The gift. At that, the Lundquists shifted into high gear, helping raise money for his campaign. AltaSea is quickly becoming a place where students can gain interactive, hands-on experience directly with entrepreneurs, focused on the blue economy.. No big parties, just more big philanthropy, says Melanie Lundquist. McPherson College has seen tremendous growth, with a 300 percent increase in applications and 40 percent increase in enrollment since 2009. In January, the Partnership released a public report (paid for by the Carnegie Corporation) analyzing what the organization has accomplished over the past decade. A water feature built with a $1 million Toyota donation greets patients at the front door of the tower, which was built to evoke a feeling of hospitality rather than a clinical atmosphere, Leach said. Commencement Speaker Dr. Melanie Lundquist encourages students to persevere and embrace the nuances in life as she announces largest gift in colleges history. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. How about yall? 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. 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. McCarthy served as general contractor of the hospital facility, which was delivered over four-and-a-half months early and $10 million under budget. And they have more big giving plans to come. I have a real thing about womens heart health, so I said to Richard, What if we do this?". Excited about helping connect the hospital to a potential big donor, Melanie Lundquist later asked the head of development about the friend. The grand opening will be held on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. May 24, 2022 McPherson College in McPherson, Kansas, has announced a $25 million gift from Melanie and Richard Lundquist. Blah blah blah. Who is Blake Quinn? 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! We knew going in this (project) was a big (financial) stretch.. 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. 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. It is the largest gift ever to a small, private liberal arts college in Kansas and among one of the largest to any college in Kansas. 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