Richard and Melanie Lundquist said they were impressed with the final product. 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 . 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. Once javascript and access to those URLs are allowed, please refresh this page. 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. Melanie and Richard Lundquist are among California's most significant philanthropists, having pledged more than $325 million in charitable contributions toward educational, medical, and. Continental Development also developed Continental Park, considered the largest mixed-use office park in Los Angeles County. . The previous largest gift to McPherson College was $10 million. Yes, kiddies, a tractor landlord can afford a $20 million vacant lot in one of the OCs most exclusive enclaves. Still, during the same period, the hospital also increased its share of the local market by 2 percentage points to almost 26 percent, Leach said. The South Bay couple, who have donated more than $200. 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. 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. Melanie was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. 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. They have carved out a path less traveled helping to improve outcomes for people, especially those living at the margins. Its going to be a tremendous community asset, said President and CEO Craig Leach. L.A. County Supervisor Janice Hahn, who represents the South Bay, said the Lundquists donation helps ensure healthcare is accessible for the community. Melanie and her husband Richard are agents of change and two of . 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The Lundquists dont have children. She was part of the team of reporters awarded the Pulitzer Prize for its coverage of the 2015 San Bernardino terrorist attack. Their work has created measurable results everywhere they go, and it proves that thoughtful philanthropy can lead to meaningful change.. Expansive windows that allow light to flood in is a constant theme throughout the building, said Connie Senner, director of construction. For decades, he very successfully led and grew the company as Chief Investment Officer. 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. 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. 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. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. Richard is considered one of Californias most respected real estate developers. 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. Records show Mr. Grosss new mansion which appears to be contemporary in style was completed sometime in 1989. 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. He. We are transitioning beyond our support of K-12 public education and are hoping this gift spurs more support of well-run small liberal arts colleges in the U.S., said Richard Lundquist, who will be joining the Colleges Board of Trustees. 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. Torrance Memorial Medical Center has now received a total of $100 million from Los Angeles philanthropists Melanie and Richard Lundquist. Soumya Karlamangla previously covered healthcare in California for the Los Angeles Times. 2023 BuzzFeed, Inc. All rights reserved. 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. Were really promoting a family-centered care structure and having folks stay overnight is a big part of that, Senner said. Now get this, kiddies. The Richard and Melanie Lundquist Fellows Program started in 2010, based on Partnership co-founders' Richard and Melanie Lundquist's vision to help identify and support future leaders in the Partnership's middle schools and high schools. 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. Her mother raised funds to establish a dental clinic for impoverished children in Los Angeles in the 1920s when she was a student at U.S.C. Maria directs the annual Philanthropy 50, a comprehensive report on Americas most generous donors. 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. Thank you to the Lundquists for their generous gift to McPherson College. 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. All Rights Reserved. In 2007 the couple pledged over $50m to schools in Los Angeles. 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. Knatz, an elected member of the National Academy of Engineering, took over as chair of the board in January 2022. About Dr. Richard Lundquist, LHD Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern California. 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. The couple also helps the medical center attract additional dollars by speaking to groups of potential donors and working with hospital leaders to cultivate relationships with wealthy philanthropists. For frequently asked questions please click here. 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. On one hand, it enabled Torrance Memorial to save about $30 million on construction costs, Leach said. Richard and Melanie Lundquist, United States. We really are indebted to them.. The Lundquists $50 Million gift to the Partnership is the largest private donation ever made to Los Angeles schools. McCarthy served as general contractor of the hospital facility, which was delivered over four-and-a-half months early and $10 million under budget. Not for lack of trying, but we were unable to locate a purchase price. Later in the commencement address, Lundquist lauded the colleges ethos and encouraged the students to carry that throughout their life. I am looking forward to rolling up my sleeves and helping implement their Community by Design campus expansion plans. Lundquist is President & CEO of Continental Development Corporation, one of the most respected owners and developers of Class-A commercial, office, hotel and retail real estate projects in California. The previous owner of that house, sadly enough, hanged herself inside the massive mansion only a year before the sale. 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. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. Now, with the addition of the Lundquists $25 million gift, the stretch goal has been surpassed by $3 million, two years earlier than expected. 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. 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. 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 to leave the region for certain procedures, which can be inconvenient or even dangerous. Philanthropists Melanie and Richard Lundquist have donated $32 million to Torrance Memorial Medical Center to improve neurological, orthopedic and spinal care at the hospital. 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 . 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. No kidding. Thats not something you want to get on the 405 Freeway and make your way to Cedars or UCLA for, he said. Much to the shock, awe, and/or delight of onlookers, they immediately razed the existing structure and were all prepared to construct a new OC home base. 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.. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. Those first gifts happened, says Richard Lundquist, because in the years leading up to them, the couple saw continuity and consistency in the ways the hospitals leaders operated, and in its decades-long financial health. 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. 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. We have had the pleasure of getting to know many McPherson College students and hosting them in California. Its among the 60 biggest gifts in the healthcare sector since 2005. To apply, access the application by clicking here. 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. 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. I have a real thing about womens heart health, so I said to Richard, What if we do this?". 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. These deals were kept hush-hush. 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. When you walk in, we wanted to make sure that, first of all, its beautiful, Leach said. It was an ambitious concept for nonprofit involvement in a public-school system. Last updated: 21 July 2019 at 11:53pm EST. During the pandemic, he co-developed and opened the 5.7-acre Del Rey campus, the newest office campus on the Westside of Los Angeles, where Electronic Arts the pioneering video game company is the anchor tenant. Knatz was the first donor to AltaSeas Doors to the Future Campaign, purchasing Door No. 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. I was one of those blue-haired little old ladies working the desk on Thursday nights, she says. Back to Orange County. We knew going in this (project) was a big (financial) stretch.. Excited about helping connect the hospital to a potential big donor, Melanie Lundquist later asked the head of development about the friend. Hes also, duh, a major lover of luxury real estate. He was busy building a real-estate business, and she was a speech pathologist working with special-education children. 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. However, Mr. The couple thought a friend who had just sold his business would be a good fit and connected hospital leaders with the man. 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. 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