Before joining The Times in 2013, she worked for the Oregonian, San Francisco Chronicle, Nation magazine in D.C. and Thomson Reuters in London. In addition to his $40+ million compound in Laguna Beach, he also owns another super-luxe modern compound in the Palm Desert resort town of Indian Wells, CA its pretty much the Beverly Hills of Riverside County. She writes about wealthy philanthropists, arts organizations, key trends and insights related to high-net-worth donors, and other topics. Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern California. 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. They are also continuing to take an active role in helping the nonprofit raise money from others. 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. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. But we took a look at recent (2016) aerial imagery and it does not appear that Mr. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. Its kind of a goal of mine to get people to understand that where you went to public school, your K-12, that is an alma mater as well, and that is way more in need than anything else, she says. Public dollars alone can no longer sustain our society. The second floor boasts the towers most intensive uses, with a dozen new operating rooms, including the South Bays first hybrid operating room, which allows surgeons to perform high-risk, minimally invasive surgeries and then switch to more conventional open surgery if needed, an adaptive approach designed to accommodate the medical needs of an aging population. Both products of the Los Angeles public-school system, they co-founded the organization with Anthony Villaraigosa, mayor of Los Angeles from 2005 to 2013. Richard is considered one of Californias most respected real estate developers. That commitment to others is what inspires us as well. 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. "Melanie and I have invested both our time and financial resources at the institute," Richard Lundquist. 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. But if there was a house there, it was demolished faster than yall can snap your fingers twice. 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 construction was not without its fiscal challenges, starting as the worlds financial markets suffered a catastrophic meltdown. Not for lack of trying, but we were unable to locate a purchase price. 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. Thank you to the Lundquists for their generous gift to McPherson College. 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. About Dr. Richard Lundquist, LHD Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern California. We have had the pleasure of getting to know many McPherson College students and hosting them in California. The Lundquists say they dont believe their name should be on a building forever. If you continue to experience issues, contact us at 202-466-1032 or help@chronicle.com. Melanie was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. Give your time, talent, and treasure for the love of humanity.. 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. 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. This January, they announced publicly an additional $35 million ten-year commitment they made to the Partnership late last year. The hybrid operating room offers such advantages as a zero-gravity radiation protection system, said Dr. Amir Kaviani, a vascular surgeon. 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. 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. In short, hes a very big deal. Every day, we look out over the ocean and know that the answer to a lot of the earths challenges is out there somewhere. 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. Eventually, patients will be able to order meals akin to room service in a hotel, request housekeeping services and buy gift shop items. David G. Booth, . Dr. Melanie Lundquist, LHD, Known as One of Californias Most Active Philanthropists, Plans to Help AltaSea Expand Its Reach to Inspire the Next Generation. It is an exciting time at AltaSea, and I know our new board leadership will continue to foster the innovation and collaboration AltaSea has become known for, said Tamminen. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. Nobody thought Ms. Aniston would ever get anywhere near $30 million for that house. 2023 Dirt.com, LLC. 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. Back to Orange County. 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Can virtual reality reduce high blood pressure at a church in South L.A.? The Lundquists are signatories of the Giving Pledge, the movement where some of the worlds wealthiest individuals and couples commit to give more than half their wealth away. 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. She says her public school teachers were some of the most influential people in her life. Patients will no longer need to be referred out of the South Bay for neurological care, Torrance Memorial Chief Executive Craig Leach said. Knatz, an elected member of the National Academy of Engineering, took over as chair of the board in January 2022. Now, with the addition of the Lundquists $25 million gift, the stretch goal has been surpassed by $3 million, two years earlier than expected. 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. Construction is complete on Torrance Memorial's new $480 million Melanie and Richard Lundquist Tower. Richard and I talked about it. Specifically, he resides in Irvine Cove, perhaps Orange Countys most exclusive and expensive guard-gated community. Richard and Melanie Lundquist are Southern California real estate investors and are one of the most philanthropic donors in the United States. Maria directs the annual Philanthropy 50, a comprehensive report on Americas most generous donors. Gross paid an even-steven $20,000,000 for a spectacular mansion on famed 17 Mile Drive in Pebble Beach (CA). We are proud to be Bulldogs, said Melanie Lundquist. (Thomas R. Cordova / Staff Photographer). 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. Some of the funding will also go toward improving the care delivered to surgical and intensive care unit patients, he said. Records show Mr. Grosss new mansion which appears to be contemporary in style was completed sometime in 1989. 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. He won, and with input from others, the Partnership eventually grew from a rough idea to a full-fledged nonprofit in two years. Yes, kiddies, a tractor landlord can afford a $20 million vacant lot in one of the OCs most exclusive enclaves. 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. 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. Richard and Melanie Lundquist said they were impressed with the final product. 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. 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. 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.. A $50 million stretch goal was then established. The couple will celebrate their 30th anniversary next year, and friends keep asking how they plan to mark the occasion. 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. Melanie and Richard Lundquist are among California's most significant philanthropists, having pledged more than $325 million in charitable contributions toward educational, medical, and. The impact of the Lundquists gift and friendship is truly immeasurable.. 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. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. Melanie Lundquist comes from a family of individual philanthropists. All Rights Reserved. In January, the Partnership released a public report (paid for by the Carnegie Corporation) analyzing what the organization has accomplished over the past decade. 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. Gross no longer works with PIMCO. 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. 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. 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. 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. Wanting to put their friend at ease around fundraisers, the Lundquists joined him for a tour of the hospital. 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. Patient rooms, waiting rooms and pre- and post-operation areas are built out to exterior walls to take advantage of the light and views. 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 Richard Lundquist are agents of change and two of Californias most significant philanthropists. Wake up to the day's most important news. Thats not something you want to get on the 405 Freeway and make your way to Cedars or UCLA for, he said. Gross currently owns Ohana, the large and luxe spread he bought from Jennifer Aniston in 2011 for an unprecedented $35,000,000. Gross came and shut the haters down. 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. 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. Get the latest scoop directly in your inbox. Both houses were acquired by the very same buyer a mysterious entity calling itself the White Tiger Trust. 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. Gross, not counting taxes, carrying costs, real estate fees, etc. 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. 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. Refined Estate in the Hills Sells to Fayed Family Member, Rob Lowes Son John Owen Scores LA Home With Big Views, Mark Wahlbergs $55 Million Mansion Sold to Buyer of Heather Dubrows Newport Chateau, the nations most prominent bond investor, the best fairway on what is perhaps one of the worlds most famous golf courses, Reconstructed Thornton Abell Modern in Santa Monica Canyon Seeks $10.5 Million, CaptainSparklez Price Chops Mullet-Style WeHo Aerie, Sean Penn Romances Julia Roberts at a Landmark Reseda Restaurant in 'Gaslit', New York Hedge Funder Lands Classic Santa Monica Home. Gross is now with a much-smaller firm: Janus Capital. 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. 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. Well, now you have. Gross purchased his Irvine Cove property way, way back in March 1988. Its been the best journey of our lives, really.. They choose not to follow the crowd; instead, they seek to kick off a virtuous cycle that attracts other donors. The previous largest gift to McPherson College was $10 million. He was busy building a real-estate business, and she was a speech pathologist working with special-education children. The most likely cause of this is a content blocker on your computer or network. 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. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. She was raised in Thousand Oaks and graduated from UC Berkeley with degrees in biology and English literature. 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! 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. Most unusually, the property shares its driveway with another house. All Rights Reserved. The couple had previously donated $18 million for other hospital upgrades, including the Lundquist Cardiovascular Institute, they said. 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. Residential Links: www.philanthropy.com By: jdubble07 Advertisement Around the World Mailing List Advertisement 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. 412-445-7719, Internet Explorer presents a security risk. Its among the 60 biggest gifts in the healthcare sector since 2005. 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. WATCH: Melanie Lundquists announcement of gift to McPherson College. $25M Surprise Gift Announced During McPherson College Commencement. Then Mr. Richard also serves on the El Segundo Economic Development Corporation Board of Governors and the Lundquist Institutes Board of Directors. We had to overcome decades of unfulfilled promises that were made to our teachers who were promised solutions, and few if any ever worked, she says. You are also agreeing to our Terms of Service and Privacy Policy. 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 . Then there's Apple CFO Luca Maestri who paid $9,000,000 for his forest-like 17 Mile Drive property, and Palos Verdes-based philanthropists Richard & Melanie Lundquist, who just this April (2016) slammed down $28,000,000 for a major 17 Mile Drive estate and they already own a smaller home on the very same road! Wallmine is a radically better financial terminal. The Lundquists relationship with McPherson College began in 2012, when Melanie donated tool sets to the schools Automotive Restoration program in honor of Richards birthday. Leach said thats a reflection of nationwide trends from the past six years. The facility was built to withstand the largest earthquake geologists say the South Bay could face a magnitude of 7.4, Leach said. Melanie holds undergraduate and graduate degrees from USC in communicative disorders/speech pathology and audiology, as well as a credential as a specialist in special education. The hospital will also use the money to provide better stroke care. 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