Leach estimated that about 2,000 patients a year in the South Bay will require advanced stroke care. And theyve taken a very unusual approach to naming rights one that sacrifices their own vanity for the sake of the institution. Maybe hes converting it into a guest/staff residence. 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. Thats $35,800,000 that this mysterious trust threw down in the span of a week all cash. 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 Melanie Lundquist, United States. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her philanthropic work. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. 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. Mr. Grosss nearest neighbors in Beverly Hills include nutritional supplement heir Ryan Drexler, Ringo Starr, Roger Birnbaum (he paid $20,000,000 for Ellen DeGeneress house), and Riza Aziz, the severely-legally-embattled stepson of Malaysian Prime Minister Najib Razak. Second of all, that it felt warm and welcoming. 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. 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The facility was built to withstand the largest earthquake geologists say the South Bay could face a magnitude of 7.4, Leach said. 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. The impact of the Lundquists gift and friendship is truly immeasurable.. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. 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 . In November 2020, McPherson College conferred honorary doctorates on Melanie and Richard 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. 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. Unfortunately for the Grosses pocketbooks, the vacant land did not sell until April 2014, when Blake Quinn paid $20,800,000 through an LLC for the prime parcel. Please, persevere. They have carved out a path less traveled helping to improve outcomes for people, especially those living at the margins. All Rights Reserved. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. 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. 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. Construction is complete on Torrance Memorial's new $480 million Melanie and Richard Lundquist Tower. Residential Links: www.philanthropy.com By: jdubble07 Advertisement Around the World Mailing List Advertisement The Lundquists relationship with McPherson College started in 2014. Pride festival. In addition, she is a significant donor to the Alliance for College-Ready Schools, a Los Angeles charter organization. Please make sure your computer, VPN, or Must be nice to have that kind of spending power, huh? 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. 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. They have to leave the region for certain procedures, which can be inconvenient or even dangerous. Not for lack of trying, but we were unable to locate a purchase price. Southern California philanthropists and real-estate investors Richard and Melanie Lundquist like to give big to causes and nonprofits that need them the most. Due to the pandemic, the hooding ceremony was delayed until this years commencement exercises. 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. 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. Gross somewhat unexpectedly slammed down $23,000,000 for a double-lot mansion on Harbor Island in Newport Beach (CA). They werent necessarily focused on fixing the school system in their own backyard, but when they hosted a political fundraiser in 2004 that Villaraigosa attended, Melanie Lundquist asked him what his top priorities would be if he won the mayoral race. 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 Lundquist got to know the day-to-day workings of the local hospital as a volunteer the 1980s and 90s. 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. Then Mr. Maria directs the annual Philanthropy 50, a comprehensive report on Americas most generous donors. 412-445-7719, Internet Explorer presents a security risk. Theyve also gotten to know the beneficiaries. 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. When you walk in, we wanted to make sure that, first of all, its beautiful, Leach said. In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. 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. Richard and I look forward to visiting campus in October. $25M Surprise Gift Announced During McPherson College Commencement. Dr. Melanie Lundquist, LHD, Known as One of Californias Most Active Philanthropists, Plans to Help AltaSea Expand Its Reach to Inspire the Next Generation. 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. Improve Los Angeless most underserved public schools. The hospital will also use the money to provide better stroke care. Get the latest scoop directly in your inbox. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. 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. The grand opening will be held on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. They are co-founders of the Partnership for Los Angeles Schools, a sustainable, national turnaround model for underserved non-charter K-12 public schools. They both attended the University of Southern California, for example, but say they have no intention of leaving the university any money because they dont think USC needs it. The gift announced this week brings the couples total contributions to the hospital to $100 million over the last 11 years. Part of HuffPost News. AltaSea has also been a hub for the national discussion about effective and sustainable use of ocean resources, hosting U.S. House Majority Leader Steny Hoyer, Congresswoman Nanette Barragn, Los Angeles Mayor Eric Garcetti, State Senator Steve Bradford, Assemblyman Richard Bloom, former California Governor Arnold Schwarzenegger, and many others interested in this unique and innovative public-private ocean institute. Melanie F Lundquist: 2041 Rosecrans Ave Ste 200, El Segundo, CA 90245-4792: 202112: . Well, now you have. The Lundquists have been involved with the hospital for several years, both as patients and donors. We have had the pleasure of getting to know many McPherson College students and hosting them in California. They choose not to follow the crowd; instead, they seek to kick off a virtuous cycle that attracts other donors. 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. This is a statement that Melanie and Richard Lundquist can relate to. Latest $32 Million Donation by Melanie & Richard Lundquist Will Establish Neuroscience Institute and Orthopedic & Spine Institute at Torrance, CA Hospital June 15, 2017 04:07 PM Eastern Daylight Time 2022 McPherson College. In 1988, he became President & CEO of Continental Development Corporation. Lundquist is a member of the University of Southern California (USC) Presidents Leadership Council and Vice Chair of the Board at the Partnership for Los Angeles Schools. 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 previous largest gift to McPherson College was $10 million. The contributions are the result of a longstanding relationship the couple has had with the hospital, one that is rooted in an effort Melanie Lundquist made more than a decade ago when she was trying to help the hospitals chief fundraiser land a large gift from another donor. As far as we can tell, Mr. In 2013, the Lundquists donated $50 million for the creation of a patient building at the hospital with all private rooms, now called the Lundquist Tower. Top-notch care should not depend on your ZIP Code.. 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. 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. That transaction made all the real estate headlines and disclocated jaws from Los Feliz to Malibu. A little web research reveals he is CEO of the Quinn Group, a massive Fresno, CA-based lessor of Caterpillar tractors and related equipment. 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. She is past president of the American Association of Port Authorities and past president of the International Association of Ports and Harbors. Example: Yes, I would like to receive emails from The Partnership for Los Angeles Schools. 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. Richard and Melanie Lundquist said they were impressed with the final product. As we mentioned earlier, Mr. Most notable among her philanthropic activities is her generous support of the Partnership for Los Angeles Schools. WATCH: Melanie Lundquists announcement of gift to McPherson College. 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." We knew going in this (project) was a big (financial) stretch.. The house is in perhaps the poshest part of the entire road and backs up to, as per our Mama, the best fairway on what is perhaps one of the worlds most famous golf courses. 2023 Dirt.com, LLC. Gross is well-known for his very, very healthy appetite for luxury real estate. On one hand, it enabled Torrance Memorial to save about $30 million on construction costs, Leach said. Excited about helping connect the hospital to a potential big donor, Melanie Lundquist later asked the head of development about the friend. After a decade of knowing McPherson College, your president, and your provost, we know our $25 million is the right big bet.. Senator Jerry Moran. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. He was busy building a real-estate business, and she was a speech pathologist working with special-education children. In short, hes a very big deal. 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. Said they were impressed with the final product were impressed with the final product ) stretch & CEO of Development... The gift Announced During McPherson College students and hosting them in California give big to and! 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