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I have a real thing about womens heart health, so I said to Richard, What if we do this?". 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. She is currently a Professor of the Practice of Policy and Engineering at USC. Now get this, kiddies. 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. Gross paid an even-steven $20,000,000 for a spectacular mansion on famed 17 Mile Drive in Pebble Beach (CA). $25M Surprise Gift Announced During McPherson College Commencement. However, Mr. 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 contributions to the medical center and the Partnership for Los Angeles Schools reveal an overriding aspect that surrounds most of the Lundquists giving: They prefer to devote their biggest donations to groups they seek out and get to know over time, and they want those donations to have a big impact on the organizations and people they are trying to help. Wake up to the day's most important news. That transaction made all the real estate headlines and disclocated jaws from Los Feliz to Malibu. 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. 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. 2022 McPherson College. Yes, kiddies, a tractor landlord can afford a $20 million vacant lot in one of the OCs most exclusive enclaves. It dawned on me about 20 years ago that if I had a heart attack at 4 p.m. in the afternoon I was DOA if I had to go to Cedars, said Lundquist, who lives in Palos Verdes Estates. 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. 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. And they have more big giving plans to come. On a brighter note, Yolanda is on her way to Death Valley for the weekend to escape LAs heat. On average, MMA Capital Inc executives and independent directors trade stock every 20 days with the average trade being worth of $136,434. WATCH: Melanie Lundquists announcement of gift to McPherson College. Records show Mr. Grosss new mansion which appears to be contemporary in style was completed sometime in 1989. 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. (Thomas R. Cordova / Staff Photographer). 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. Their gifts have helped transform public education and health care delivery, spur biomedical research and innovation, and propel efforts to combat climate change. She said, Melanie, I know it when I see it, and hes not our donor. I was really disappointed, says Lundquist. The hospital installed an interactive system that provides patients with health education videos or movies on demand on 40-inch HD televisions. 2023 Dirt.com, LLC. 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. No pun intended. They helped bring in gifts from Wells Fargo and DirecTV, as well as a number of large foundations. They are also continuing to take an active role in helping the nonprofit raise money from others. 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. Sixteen original art installations, many with South Bay themes, are scattered throughout the tower. 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. Knatz has also chronicled the fascinating history of the City Dock No. She is past president of the American Association of Port Authorities and past president of the International Association of Ports and Harbors. 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. McPherson College Bestows Honorary Doctoral Degrees on Melanie and Richard Lundquist for Body of Work Creating Systemic Change. 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. She was part of the team of reporters awarded the Pulitzer Prize for its coverage of the 2015 San Bernardino terrorist attack. Wallmine is a radically better financial terminal. Geraldine Knatz is Professor of the Practice of Policy and Engineering, a joint appointment between the University of Southern California Price School of Public Policy and the Viterbi School of Engineering. Melanie is a sought-out voice on public education and philanthropic issues. 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. Lundquist was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. Have you ever heard of a $35 million house that has to share its driveway (and gate) with the next door neighbors? 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. All Rights Reserved. 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. 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. The impact of the Lundquists gift and friendship is truly immeasurable.. 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. Besides, says Richard Lundquist, universities with large endowments should put some of that money back into the local K-12 public schools so students are better prepared for college. Back in 2002, Mr. & Mrs. They have appeared four times on The Philanthropy 50, the annual list of Americas 50 most generous philanthropists. 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. Charles Butt H-E-B United States Charles Butt is the chairman and CEO of H-E-B, a grocery chain in Texas and northeastern Mexico founded by his grandmother. At McPherson College, you learned how to think outside the building, not just the box keep at it, said Lundquist. The Lundquists have been involved with the hospital for several years, both as patients and donors. But Saturdays grand opening for the 390,000-square-foot tower will include nurses in vintage uniforms and appearances by actors playing hospital founders Jared Sydney and Helena Torrance. They also would rather support nonprofits that need them rather than those that most wealthy people usually back. 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Many teachers and school administrators working in some of the toughest tumbledown schools were skeptical. . The hospital currently operates at 75 percent occupancy. https://www.youtube.com/watch?v=8C5NLfYdZaE, Get our latest stories in the feed of your favorite networks. 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. Theyve also gotten to know the beneficiaries. Dr. Melanie Lundquist, LHD, Known as One of Californias Most Active Philanthropists, Plans to Help AltaSea Expand Its Reach to Inspire the Next Generation. Melanie was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. Richard served for over ten years as Chairman of the Foundations Board of Directors. 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She and her husband Richard are the second-largest donors to AltaSea behind the Annenberg Foundation. The couple, who just signed the Giving Pledge last month, say their future philanthropic plans include giving much of their wealth away during their lifetimes (they declined to reveal their net worth), and they plan to continue to give big to the two causes they care about most. However, the two-story structure next door appears to be under construction/renovation. She writes about wealthy philanthropists, arts organizations, key trends and insights related to high-net-worth donors, and other topics. You may then be asked to log in, create an account if you don't already have one, The Lundquists dont have children. The Doctor of Humane Letters (LHD) degrees were awarded by McPherson Colleges Board of Trustees and faculty, who voted unanimously to recognize the Lundquists with the honorary degrees. Maybe hes converting it into a guest/staff residence. McPherson College has seen tremendous growth, with a 300 percent increase in applications and 40 percent increase in enrollment since 2009. 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. 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. Gross who has been married to his second wife, Sue Frank, for over 30 years and has three grown children, FYI is also a major philanthropist and one of the worlds top stamp collectors. or subscribe. Philanthropists Melanie and Richard Lundquist have donated $32 million to Torrance Memorial Medical Center to improve neurological, orthopedic and spinal care at the hospital. They have to leave the region for certain procedures, which can be inconvenient or even dangerous. Gross is now with a much-smaller firm: Janus Capital. The couple had previously donated $18 million for other hospital upgrades, including the Lundquist Cardiovascular Institute, they said. 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Top-notch care should not depend on your ZIP Code.. He won, and with input from others, the Partnership eventually grew from a rough idea to a full-fledged nonprofit in two years. A $50 million stretch goal was then established. 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. 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.. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. 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. The Lundquists say they dont believe their name should be on a building forever. The new private rooms patients share rooms in the old part of the hospital, which is not optimal for patient privacy or infectious disease control are 30 percent larger than existing rooms. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. 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. 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. 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. This is a statement that Melanie and Richard Lundquist can relate to. The two slowly became friends and over time they started dating. Unfortunately, we dont know Mr. Continental Development also developed Continental Park, considered the largest mixed-use office park in Los Angeles County. About one-third of patient rooms have a visible brace designed to absorb a jolt from an earthquake. The previous largest gift to McPherson College was $10 million. 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. But as far as Yolanda knows, nobody else on the interwebs has discussed them yet. 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. The gift announced this week brings the couples total contributions to the hospital to $100 million over the last 11 years. We are proud to be Bulldogs, said 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. This five-year fellowship program seeks to further develop students who have demonstrated outstanding . 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Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. In February 2008, the company completed construction of and opened the InterContinental San Francisco, the largest new hotel developed in San Francisco in the last thirty years. 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. The lower floors will be used for outpatient services, but officials are still deciding how to use the upper floors. As best as we can tell by aerial images, the house underwent a renovation a few years ago. The facility was built to withstand the largest earthquake geologists say the South Bay could face a magnitude of 7.4, Leach said. The hospital held a community celebration on September 20, and the new facility opened to . 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. 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. 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. Commencement Speaker Dr. Melanie Lundquist encourages students to persevere and embrace the nuances in life as she announces largest gift in colleges history. 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. But the monetary outlay required also prompted bond-rating service Moodys to downgrade the hospital last November. Richard's company, Continental Development Corporation, is a commercial real estate development and management company headquartered in El Segundo, California, The Lundquists are not only neighborsthey own the InterContinental San Francisco hotel next doorbut also donors and philanthropists. 2023 BuzzFeed, Inc. All rights reserved. Yolanda is also not sure if there was a house on the lot when he acquired it or if it was just vacant land. 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. elegant beauty supply net worth richmond; carlos majin dba star steel cleaning website; We have had the pleasure of getting to know many McPherson College students and hosting them in California. She previously served as the executive director of the Port of Los Angeles from 2006 to January 2014. 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. We wouldnt be featuring him if he had a Warren Buffett-style real estate situation. 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. 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 . Hes also, duh, a major lover of luxury real estate. When you walk in, we wanted to make sure that, first of all, its beautiful, Leach said. Maybe well get together with the kids or something, adds her husband. Wanting to put their friend at ease around fundraisers, the Lundquists joined him for a tour of the hospital. MMA Capital Holdings, Inc. focuses on infrastructure-related investments that generate positive environmental and social impacts and deliver attractive risk-adjusted total returns to shareholders, with an emphasis on debt associated with infrastructure including renewable energy projects. That most wealthy people usually back tumbledown schools were skeptical teachers and school administrators working in of... 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