Then Mr. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. 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. 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.. 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. Gross no longer works with PIMCO. 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. Its a real climb uphill; the boulders are sitting there ready to tumble down on me, but thats OK. We like a challenge.. The Lundquists gift completes the campaign early, having raised $53 million in under three years. 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. Dirt is a part of Penske Media Corporation. Enter your email below and well share the latest news and ways to get involved. Melanie Lundquist goes a step further. Send us a tip using our anonymous form. 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. 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. Most notable among her philanthropic activities is her generous support of the Partnership for Los Angeles Schools. Theres an infinity pool and direct golf-green-fronting views. 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. Patient rooms, waiting rooms and pre- and post-operation areas are built out to exterior walls to take advantage of the light and views. 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. Prior to that, she was managing director of the Port of Long Beach. 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. She also lends her support to the Fulfillment Fund's endowment fund for college scholarships, and has taken active roles in Inner City Arts, United Friends of the Children, and Alliance for Children's Rights, among others. And they have more big giving plans to come. Students apply and are selected to join the program during their seventh and eighth grade school year. 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. However, the two-story structure next door appears to be under construction/renovation. No pun intended. 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. Our philanthropic journey has been our richest experience. 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 . Nobody thought Ms. Aniston would ever get anywhere near $30 million for that house. 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. 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. Richard earned his Bachelor of Science Degree from the University of Southern California. Wallmine is a radically better financial terminal. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. Many teachers and school administrators working in some of the toughest tumbledown schools were skeptical. Its among the 60 biggest gifts in the healthcare sector since 2005. 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! . 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." Southern California philanthropists and real-estate investors Richard and Melanie Lundquist like to give big to causes and nonprofits that need them the most. He won, and with input from others, the Partnership eventually grew from a rough idea to a full-fledged nonprofit in two years. Back in 2002, Mr. & Mrs. 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. Public dollars alone can no longer sustain our society. Mr. 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. Some of the funding will also go toward improving the care delivered to surgical and intensive care unit patients, he said. After a decade of knowing McPherson College, your president, and your provost, we know our $25 million is the right big bet.. Both houses were acquired by the very same buyer a mysterious entity calling itself the White Tiger Trust. 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. In addition, she is a significant donor to the Alliance for College-Ready Schools, a Los Angeles charter organization. Melanie and Richard Lundquist, LHD, shocked the McPherson College community during its 134th Commencement Ceremony, announcing the couples $25 million gift to the college for the Building Community Campaign the largest gift in the colleges 135-year history. Construction is complete on Torrance Memorial's new $480 million Melanie and Richard Lundquist Tower. We told (the architects) we wanted something unique and special for this community. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. The device, which literally suspends the heavy protective clothing above the operating table, saves time and aids mobility and stamina, Kaviani said. Forbes ' real-time rankings of the world's billionaires pegs Aneel Bhusri's net worth at $1.8 billion. 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 . 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. Richard and Melanie Lundquist "For us, philanthropy is the meaning of life and also what gives our lives true meaning. 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. 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. Still, during the same period, the hospital also increased its share of the local market by 2 percentage points to almost 26 percent, Leach said. But if there was a house there, it was demolished faster than yall can snap your fingers twice. 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. She established the Cardiovascular Institute at the Torrance Memorial Medical Center where she emphasizes womens heart health. Richard and Melanie Lundquist, United States. Torrance Memorial Medical Center has now received a total of $100 million from Los Angeles philanthropists Melanie and Richard Lundquist. 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. 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. The Lundquists bring joy and possibility to our lifes work at McPherson College and the work of so many others. Gross, not counting taxes, carrying costs, real estate fees, etc. We want to make transformative contributions and create systematic change, and we want to be about the big picture, says Melanie Lundquist. Here we are six years later and we are now at $130 million in giving for this building.. Maybe hes converting it into a guest/staff residence. 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! Its been the best journey of our lives, really.. Richard and I look forward to visiting campus in October. 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. 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. Gross currently owns Ohana, the large and luxe spread he bought from Jennifer Aniston in 2011 for an unprecedented $35,000,000. 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. 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. 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. Southern California philanthropists and real-estate investors Richard and Melanie Lundquist like to give big to causes and nonprofits that need them the most. The nonprofit grew out of Melanie Lundquists search to find an organization or a program that would work steadily over time to repair and transform what she views as the nations broken school systems. 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. 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. 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. Most notable among her philanthropic activities is her generous support of the Partnership for Los Angeles 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. Richard and Melanie Lundquist are Southern California real estate investors and are one of the most philanthropic donors in the United States. Richard also serves on the El Segundo Economic Development Corporation Board of Governors and the Lundquist Institutes Board of Directors. David G. Booth, . Improve Los Angeless most underserved public schools. The Lundquists relationship with McPherson College began in 2012, when Melanie donated tool sets to the schools Automotive Restoration program in honor of Richards birthday. About Dr. Lundquist Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. Blah blah blah. 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. 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. Soumya Karlamangla previously covered healthcare in California for the Los Angeles Times. It was important to us when you walked through those front doors that you could see all the way through (the building) so you would be oriented to where you are.. Knatz has also chronicled the fascinating history of the City Dock No. 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 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. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. She previously served as the executive director of the Port of Los Angeles from 2006 to January 2014. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. It was an ambitious concept for nonprofit involvement in a public-school system. Lundquist got to know the day-to-day workings of the local hospital as a volunteer the 1980s and 90s. 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. Theyve also gotten to know the beneficiaries. All Rights Reserved. McPherson College has seen tremendous growth, with a 300 percent increase in applications and 40 percent increase in enrollment since 2009. You are also agreeing to our Terms of Service and Privacy Policy. Give your time, talent, and treasure for the love of humanity.. It recently opened USCs Nuzhdin Aquaculture Lab and Holdfast Aquaculture Lab. I have a real thing about womens heart health, so I said to Richard, What if we do this?". She says her public school teachers were some of the most influential people in her life. We are unable to fully display the content of this page. LOS ANGELES--(BUSINESS WIRE)--AltaSea at the Port of Los Angeles is proud to announce that Dr. Melanie Lundquist, LHD, one of Californias most generous and fearless philanthropists, has joined the AltaSea Board of Trustees; and Dr. Geraldine Knatz, Ph.D., former executive director of the Port of Los Angeles and AltaSea board member since 2018, will lead the organization as board chair. 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. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. Wake up to the day's most important news. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. For many generations to come, this beautifully designed new medical complex, along with all those working in it, will provide advanced medical care for the entire community.. Top-notch care should not depend on your ZIP Code.. In 2019, during a McPherson College event at their home in Pebble Beach, the Lundquists announced the first-ever $1 million gift to the colleges Automotive Restoration program, the only four-year degree program of its kind in the U.S. Leach estimated that about 2,000 patients a year in the South Bay will require advanced stroke care. 1, the pier that is home to AltaSea in her latest book about the Port of Los Angeles. They have also helped . Third of all, that you knew where you were. Richard holds an undergraduate Bachelor of Science from the University of Southern California. 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. I call them heroes, Leach said of the Lundquists. That piece of equipment will protect the surgeon from radiation used during medical procedures without donning a 40- to 50-pound lead apron, he said. Gross is now with a much-smaller firm: Janus Capital. This is a statement that Melanie and Richard Lundquist can relate to. No kidding. 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. California philanthropists and Giving Pledge Signatories Drs. The two slowly became friends and over time they started dating. 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