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. Richard and I spend time at the schools and with the kids, and I sometimes meet with the principals and parents and teachers, she says. Knatz has also chronicled the fascinating history of the City Dock No. The Lundquists have been involved with the hospital for several years, both as patients and donors. 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. Melanie Lundquist has served on its board of directors for the past six years. A simple test is helping thousands of diabetics in L.A. County who face an increased risk of going blind, Health officials urge meningitis vaccination amid L.A. 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. 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. Most notable among her philanthropic activities is her generous support of the Partnership for Los Angeles Schools. jscott@vectisstrategies.com 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. 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. 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. The grand opening will be held on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. She says her public school teachers were some of the most influential people in her life. 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. At times, it will not be easy. 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. 2023 BuzzFeed, Inc. All rights reserved. Gross is now with a much-smaller firm: Janus Capital. Pride festival. The impact of the Lundquists gift and friendship is truly immeasurable.. 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! Gross has done much with the large spread across the street in the past two years. In the country there are 11 million fewer patient days today than there were in 2008, Leach said. The $32-million donation is the second-largest gift this year to a healthcare provider or organization, according to the Chronicle of Philanthropy. And theyve taken a very unusual approach to naming rights one that sacrifices their own vanity for the sake of the institution. The device, which literally suspends the heavy protective clothing above the operating table, saves time and aids mobility and stamina, Kaviani said. 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. Melanie Lundquist said that without a teaching hospital, residents of the South Bay dont always have access to the most advanced medical care. The lower floors will be used for outpatient services, but officials are still deciding how to use the upper floors. 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. Mrs. Lundquist is also a graduate of the University of Southern California, from which she holds both a BA and MA in Speech Pathology and Audiology. 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. Improve Los Angeless most underserved public schools. https://www.youtube.com/watch?v=8C5NLfYdZaE, Get our latest stories in the feed of your favorite networks. 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. For more information on AltaSea, please see our website: https://altasea.org, Jacob Scott Yes, kiddies, a tractor landlord can afford a $20 million vacant lot in one of the OCs most exclusive enclaves. Gross is well-known for his very, very healthy appetite for luxury real estate. Gross came and shut the haters down. No big parties, just more big philanthropy, says Melanie Lundquist. L.A. County Supervisor Janice Hahn, who represents the South Bay, said the Lundquists donation helps ensure healthcare is accessible for the community. 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. Enter your email below and well share the latest news and ways to get involved. 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. 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. 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. Richard also serves on the El Segundo Economic Development Corporation Board of Governors and the Lundquist Institutes Board of Directors. 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McPherson College has seen tremendous growth, with a 300 percent increase in applications and 40 percent increase in enrollment since 2009. Gross somewhat unexpectedly slammed down $23,000,000 for a double-lot mansion on Harbor Island in Newport Beach (CA). 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. They have also helped . 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. LOS ANGELES - Southern California philanthropists Melanie and Richard Lundquist have donated $70 million to the Los Angeles Biomedical Research Institute (LA BioMed), a gift that will transform the institution by giving it a sustainable source of unrestricted funding to recruit and retain top researchers and provide the needed support and Richard and Melanie Lundquist said they were impressed with the final product. The Lundquists are philanthropists from the wealthy Los Angeles suburb of Palos Verde Estates. (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. For frequently asked questions please click here. 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.. She and her husband Richard are the second-largest donors to AltaSea behind the Annenberg Foundation. Many teachers and school administrators working in some of the toughest tumbledown schools were skeptical. 1. The largest gift in the college's 135-year history is the largest gift made by the Lundquists outside their native California. 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. 2022 McPherson College. If you continue to experience issues, contact us at 202-466-1032 or help@chronicle.com. 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. David G. Booth, . Lyda Hill, Lynn and Stacy Schusterman Among 2022 Carnegie Medal of Philanthropy Honorees. Give your time, talent, and treasure for the love of humanity.. Most unusually, the property shares its driveway with another house. I guess I was observing more than I thought and saw this was just a really wonderful, caring place.. They also support innovative solutions to climate change through AltaSea at the Port of Los Angeles and the Marine Mammal Center in Sausalito, California. Expansive windows that allow light to flood in is a constant theme throughout the building, said Connie Senner, director of construction. Maybe well get together with the kids or something, adds her husband. As everyone and their aunties therapist knows and as was first revealed by the incomparable Your Mama over atVariety Mr. 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. 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. They have also helped transform health care delivery and spur biomedical research and innovation. On average, MMA Capital Inc executives and independent directors trade stock every 20 days with the average trade being worth of $136,434. 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. The previous owner of that house, sadly enough, hanged herself inside the massive mansion only a year before the sale. If someone tells you it cannot be done, you tell them to go sit in the corner and watch you do it., We can all agree McPherson College is a special place that embraces the love of humanity, concluded Lundquist. Richard and I talked about it. In addition, she is a significant donor to the Alliance for College-Ready Schools, a Los Angeles charter organization. The South Bay couple, who have donated more than $200. Knatz has authored numerous publications as well as two award-winning books on the Port of Los Angeles. You may then be asked to log in, create an account if you don't already have one, He left in a blaze of glory, publicity, and schadenfreude back in 2014 and is currently suing the company he co-founded for wrongful termination (PIMCO says he left voluntarily, though Gross says otherwise). Later in the commencement address, Lundquist lauded the colleges ethos and encouraged the students to carry that throughout their life. The deadline for the Lundquist Fellows program is Thursday, March 30, 2023. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. The hospital currently operates at 75 percent occupancy. Their kids are the dozens theyve gotten to know of the 14,500 children and teens the couple have sought to help since 2007, the year they gave $50 million to launch the Partnership for Los Angeles Schools, a nonprofit aimed at improving student success in 18 of the highest-need public schools in Los Angeles. Also on 17 Mile Drive and just a few doors away is a house that was sold for a county-record-smashing $31,250,000 in late 2014 to Arkansas-based billionaire Warren Stephens and his wife Harriet. In addition, Geraldine has played a critical role in helping AltaSea create focal points of collaboration and expand its mission. elegant beauty supply net worth richmond; carlos majin dba star steel cleaning website; 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. 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. The Lundquists gift completes the campaign early, having raised $53 million in under three years. 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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, 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. But the report makes clear that more needs to be done, and to that end the Lundquists donated an additional $35 million last year. 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. 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. Its going to be a tremendous community asset, said President and CEO Craig Leach. 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. Specifically, he resides in Irvine Cove, perhaps Orange Countys most exclusive and expensive guard-gated community. Blah blah blah. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. Unfortunately, we dont know Mr. May 24, 2022 McPherson College in McPherson, Kansas, has announced a $25 million gift from Melanie and Richard Lundquist. She was part of the team of reporters awarded the Pulitzer Prize for its coverage of the 2015 San Bernardino terrorist attack. On one hand, it enabled Torrance Memorial to save about $30 million on construction costs, Leach said. 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. About Dr. Richard Lundquist, LHD Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern California. 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. Wanting to put their friend at ease around fundraisers, the Lundquists joined him for a tour of the hospital. 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. She said, Melanie, I know it when I see it, and hes not our donor. I was really disappointed, says Lundquist. Must be nice to have that kind of spending power, huh? She writes about wealthy philanthropists, arts organizations, key trends and insights related to high-net-worth donors, and other topics. The couple had previously donated $18 million for other hospital upgrades, including the Lundquist Cardiovascular Institute, they said. In 2007 the couple pledged over $50m to schools in Los Angeles. 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. He. 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