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 grand opening will be held on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. Gross paid an even-steven $20,000,000 for a spectacular mansion on famed 17 Mile Drive in Pebble Beach (CA). Among the successes: Graduation rates and student performance in math and other subjects at most of the participating schools have improved. 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. For more information on AltaSea, please see our website: https://altasea.org, Jacob Scott Maria directs the annual Philanthropy 50, a comprehensive report on Americas most generous donors. Here we are six years later and we are now at $130 million in giving for this building.. The most likely cause of this is a content blocker on your computer or network. Were truly lucky to have Richard and Melanie as members of the McPherson College family and this conferral recognizes that, said Schneider. The impact of the Lundquists gift and friendship is truly immeasurable.. The lower floors will be used for outpatient services, but officials are still deciding how to use the upper floors. https://www.youtube.com/watch?v=8C5NLfYdZaE, Get our latest stories in the feed of your favorite networks. In 2014, she was named a member of the National Academy of Engineering in recognition of her international leadership in the engineering and development of environmentally clean urban seaports. 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. Do you have info to share with HuffPost reporters? (You can unsubscribe anytime), Partnership for Los Angeles Schools is a 501 (c)(3) Organization. Example: Yes, I would like to receive emails from The Partnership for Los Angeles Schools. He was busy building a real-estate business, and she was a speech pathologist working with special-education children. 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. $25M Surprise Gift Announced During McPherson College Commencement. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. There are perks for donors who contribute more than $150,000. . It recently opened USCs Nuzhdin Aquaculture Lab and Holdfast Aquaculture Lab. 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. Were really promoting a family-centered care structure and having folks stay overnight is a big part of that, Senner said. 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. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. Please, persevere. Patient rooms, waiting rooms and pre- and post-operation areas are built out to exterior walls to take advantage of the light and views. May 24, 2022 McPherson College in McPherson, Kansas, has announced a $25 million gift from Melanie and Richard Lundquist. 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. How about yall? She was raised in Thousand Oaks and graduated from UC Berkeley with degrees in biology and English literature. Who is Blake Quinn? She is currently a Professor of the Practice of Policy and Engineering at USC. 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 These transactions we are about to discuss all occurred about two years ago. To apply, access the application by clicking here. I call them heroes, Leach said of the Lundquists. 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. Back to Orange County. This is a statement that Melanie and Richard Lundquist can relate to. 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. They have also helped transform health care delivery and spur biomedical research and innovation. Theres an infinity pool and direct golf-green-fronting views. On average, MMA Capital Inc executives and independent directors trade stock every 20 days with the average trade being worth of $136,434. But as far as Yolanda knows, nobody else on the interwebs has discussed them yet. The Lundquists gift completes the campaign early, having raised $53 million in under three years. David G. Booth, . 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. For their hospital stays, donors have first dibs on five patron rooms that are larger than regular 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! Then Mr. 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. The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana. 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. A decade ago, they pledged. 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. Leach estimated that about 2,000 patients a year in the South Bay will require advanced stroke care. 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 . "Melanie and I have invested both our time and financial resources at the institute," Richard Lundquist. 1, the pier that is home to AltaSea in her latest book about the Port of Los Angeles. That's a net gain of about 50 after about 200 are closed in the older . Richard and Melanie Lundquist "For us, philanthropy is the meaning of life and also what gives our lives true meaning. 2023 BuzzFeed, Inc. All rights reserved. The Lundquists met in the 1980s as neighbors in an apartment complex in Redondo Beach, a coastal city in Los Angeles County. As members of the Partnership's student fellowship program - for scholars attending our secondary schools - Lundquist Fellows participate in leadership development opportunities while earning scholarships toward the pursuit of a higher education. Wake up to the day's most important news. As best as we can tell by aerial images, the house underwent a renovation a few years ago. Gross is now with a much-smaller firm: Janus Capital. Gross purchased his Irvine Cove property way, way back in March 1988. Richard also serves on the El Segundo Economic Development Corporation Board of Governors and the Lundquist Institutes Board of Directors. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. She was part of the team of reporters awarded the Pulitzer Prize for its coverage of the 2015 San Bernardino terrorist attack. 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. No pun intended. Every day, we look out over the ocean and know that the answer to a lot of the earths challenges is out there somewhere. California philanthropists and Giving Pledge Signatories Drs. The gift announced this week brings the couples total contributions to the hospital to $100 million over the last 11 years. 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. All Rights Reserved. In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. 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. Residential Links: www.philanthropy.com By: jdubble07 Advertisement Around the World Mailing List Advertisement Their work has created measurable results everywhere they go, and it proves that thoughtful philanthropy can lead to meaningful change.. 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. Knatz has also chronicled the fascinating history of the City Dock No. I was one of those blue-haired little old ladies working the desk on Thursday nights, she says. We have had the pleasure of getting to know many McPherson College students and hosting them in California. 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 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. Get the latest scoop directly in your inbox. 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. When you walk in, we wanted to make sure that, first of all, its beautiful, Leach said. Senator Jerry Moran. McCarthy served as general contractor of the hospital facility, which was delivered over four-and-a-half months early and $10 million under budget. The previous owner of that house, sadly enough, hanged herself inside the massive mansion only a year before the sale. All Rights Reserved. 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. Third of all, that you knew where you were. 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. Richard served for over ten years as Chairman of the Foundations Board of Directors. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her philanthropic work. Then, exactly one week later on June 10th a two=story mock-med house next door to Mr. Grosss place sold for $16,000,000. You are also agreeing to our Terms of Service and Privacy Policy. or subscribe. For frequently asked questions please click here. Gross has done much with the large spread across the street in the past two years. Thats $35,800,000 that this mysterious trust threw down in the span of a week all cash. Back in 2002, Mr. & Mrs. That commitment to others is what inspires us as well. In short, hes a very big deal. Sixteen original art installations, many with South Bay themes, are scattered throughout the tower. 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. They had very good reasons not to believe in us.. 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. We are unable to fully display the content of this page. Pride festival. 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. 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. Gross no longer works with PIMCO. The facility was built to withstand the largest earthquake geologists say the South Bay could face a magnitude of 7.4, Leach said. 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. 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. 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. And then theres furniture & real estate power couple Alan & Twila True, who in 2010 paid $27,000,000 through their Telluride Trust for the massive mansion at the end of the island. Richard and his wife, Melanie, alongside then Los Angeles Mayor Antonio Villaraigosa, founded the Partnership for Los Angeles Schools in 2007 with a $50 million ten-year investment in the youth of Los Angeles. 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. Once javascript and access to those URLs are allowed, please refresh this page. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Southern California has already proven that it can be a leader in this area, said Knatz. 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. However, the two-story structure next door appears to be under construction/renovation. 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. 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. 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. 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. 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. About Dr. Lundquist Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. US News & World Report ranks McPherson College as one of the top colleges for social mobility, enrolling and graduating large proportions of disadvantaged students and as one of the regions most innovative colleges for innovative improvements in terms of curriculum, faculty, students, campus life and technology or facilities. Maybe well get together with the kids or something, adds her husband. The remainder of the tower is devoted to patient rooms, including 48 intensive care units. 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. Heres how. 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. Thats a net gain of about 50 after about 200 are closed in the older seven-story Central Tower, which will be emptied from the fourth floor up once the new facility opens, Leach said. These deals were kept hush-hush. But we took a look at recent (2016) aerial imagery and it does not appear that Mr. 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. Its going to be a tremendous community asset, said President and CEO Craig Leach. Later in the commencement address, Lundquist lauded the colleges ethos and encouraged the students to carry that throughout their life. 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. 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 . Blah blah blah. Yes, kiddies, a tractor landlord can afford a $20 million vacant lot in one of the OCs most exclusive enclaves. 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. 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