Gross paid an even-steven $20,000,000 for a spectacular mansion on famed 17 Mile Drive in Pebble Beach (CA). 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. 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). 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. 2022 McPherson College. Wanting to put their friend at ease around fundraisers, the Lundquists joined him for a tour of the hospital. The previous largest gift to McPherson College was $10 million. Construction is complete on Torrance Memorial's new $480 million Melanie and Richard Lundquist Tower. The Lundquists dont have children. More unemployment meant fewer people with medical insurance, while advances in medical technology and more restrictive policies from insurance companies have reduced in-patient stays, affecting profitability, he said. 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. On average, MMA Capital Inc executives and independent directors trade stock every 20 days with the average trade being worth of $136,434. Thats $35,800,000 that this mysterious trust threw down in the span of a week all cash. Example: Yes, I would like to receive emails from The Partnership for Los Angeles Schools. Staying student-centered is at the heart of everything we do at the Partnership and were proud to support our Lundquist Fellows. But, as is common with really rich folks, the Grosses had a change of heart and instead flipped the vacant lot on the market with a ballsy asking price of $26,900,000 in 2011. elegant beauty supply net worth richmond; carlos majin dba star steel cleaning website; 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. Soumya Karlamangla previously covered healthcare in California for the Los Angeles Times. (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. 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. Gross is now with a much-smaller firm: Janus Capital. Gross somewhat unexpectedly slammed down $23,000,000 for a double-lot mansion on Harbor Island in Newport Beach (CA). Wallmine is a radically better financial terminal. Richard is considered one of Californias most respected real estate developers. Richards company is also the landlord for the global headquarters of electric vehicle automaker Fisker, Inc. as well as the iconic American automotive magazine, Motor Trend. Theres an infinity pool and direct golf-green-fronting views. Feb. 10, 2019 7 AM PT In the months leading up to their 70th birthdays, Melanie and Richard Lundquist thought about ways to celebrate. We want to make transformative contributions and create systematic change, and we want to be about the big picture, says Melanie Lundquist. But you knew that already, right? On a brighter note, Yolanda is on her way to Death Valley for the weekend to escape LAs heat. 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. 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. Anyway, Mr. & Mrs. The Richard and Melanie Lundquist Fellows Program started in 2010, based on Partnership co-founders Richard and Melanie Lundquists vision to help identify and support future leaders in the Partnerships middle schools and high schools. Due to the pandemic, the hooding ceremony was delayed until this years commencement exercises. I have a real thing about womens heart health, so I said to Richard, What if we do this?". 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. We want our name to be temporary, so if somebody comes along and donates as much as weve put in plus $1, they can take our name down.. These transactions we are about to discuss all occurred about two years ago. Richard and I talked about it. Blah blah blah. Unfortunately, we dont know Mr. Richard and Melanie Lundquist are Southern California real estate investors and are one of the most philanthropic donors in the United States. 1. While Mr. Lyda Hill, Lynn and Stacy Schusterman Among 2022 Carnegie Medal of Philanthropy Honorees. We hope this gift will cause everyone to pay greater attention to the value of small liberal arts colleges. 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Among the successes: Graduation rates and student performance in math and other subjects at most of the participating schools have improved. 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. The tower faces a 16-acre site across Lomita Boulevard that decades from now will house an expansion of the hospital, but until then will serve as staff parking. 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. 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. 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.. 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McCarthy served as general contractor of the hospital facility, which was delivered over four-and-a-half months early and $10 million under budget. We are proud to recognize them with these honorary degrees, said Amanda Gutierrez, vice president for the colleges auto restoration program. 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. She has been quoted in top-tier media outlets, including the New York Times and appeared on Bloomberg Television. Mr. The device, which literally suspends the heavy protective clothing above the operating table, saves time and aids mobility and stamina, Kaviani said. 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. This five-year fellowship program seeks to further develop students who have demonstrated outstanding leadership and commitment to their schools, education, and communities with an academic scholarship and opportunities for personal and professional growth. 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. The grand opening will be on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. It was an ambitious concept for nonprofit involvement in a public-school system. She was part of the team of reporters awarded the Pulitzer Prize for its coverage of the 2015 San Bernardino terrorist attack. Were really promoting a family-centered care structure and having folks stay overnight is a big part of that, Senner said. No kidding. McPherson College is proud to honor Melanie and Richard Lundquist for their body of work that has driven systemic change in so many ways, said Michael P. Schneider, president of McPherson College, who conferred the degrees virtually earlier this month. Southern California has already proven that it can be a leader in this area, said Knatz. 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. The Lundquists have also spurred biomedical innovation and research through their significant gifts to The Lundquist Institute and have supported McPherson College with the largest-ever gift to a private liberal arts college in Kansas. Our philanthropic journey has been our richest experience. What impresses me is how AltaSea connects research to action in the fight against climate change, Lundquist said. Melanie and Richard Lundquist are among California's most significant philanthropists, having pledged more than $325 million in charitable contributions toward educational, medical, and. Do you have info to share with HuffPost reporters? To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. She previously served as the executive director of the Port of Los Angeles from 2006 to January 2014. She established the Cardiovascular Institute at the Torrance Memorial Medical Center where she emphasizes womens heart health. 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. A decade ago, they pledged. The hospital will also use the money to provide better stroke care. network allows javascript and allows content to be delivered from v144.philanthropy.com and chronicle.blueconic.net. 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. 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. 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. 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. Have you ever heard of a $35 million house that has to share its driveway (and gate) with the next door neighbors? 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 have been involved with the hospital for several years, both as patients and donors. 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. 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. But apparently thats not space for this certified Real Estate Baller. The institute has more than 120 medical researchers working on 600 studies, including therapies for multiple orphan diseases. This is a statement that Melanie and Richard Lundquist can relate to. We have had the pleasure of getting to know many McPherson College students and hosting them in California. In the country there are 11 million fewer patient days today than there were in 2008, Leach said. 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. 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. 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. Melanie was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. A special ceremony is being planned on campus for October 2021, contingent on COVID protocols. The gift announced this week brings the couples total contributions to the hospital to $100 million over the last 11 years. The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana . We told (the architects) we wanted something unique and special for this community. This is humbling for Richard and me. 2023 BuzzFeed, Inc. All rights reserved. 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. 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. His answer? 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. Their work has created measurable results everywhere they go, and it proves that thoughtful philanthropy can lead to meaningful change.. 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's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. 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." 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. 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. Rooms also have sleeper sofas for friends and family and a tablet arm for charging mobile devices. 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. Theyve also gotten to know the beneficiaries. Richard served for over ten years as Chairman of the Foundations Board of Directors. Mr. Knatz has authored numerous publications as well as two award-winning books on the Port of Los Angeles. I appreciate the Lundquists for understanding how vital institutions like McPherson College are to our local communities and the nation, and I look forward to seeing the benefits of their generosity for years to come, said Kansas senior U.S. 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. How about yall? Students apply and are selected to join the program during their seventh and eighth grade school year. Lundquist was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. Most unusually, the property shares its driveway with another house. 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. 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