AltaSea is quickly becoming a place where students can gain interactive, hands-on experience directly with entrepreneurs, focused on the blue economy.. Expansive windows that allow light to flood in is a constant theme throughout the building, said Connie Senner, director of construction. 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. In July 2009, near the height of the recession, Mr. & Mrs. 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. They are indeed special. 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. 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. Both houses were acquired by the very same buyer a mysterious entity calling itself the White Tiger Trust. Forbes ' real-time rankings of the world's billionaires pegs Aneel Bhusri's net worth at $1.8 billion. 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. 2023 Dirt.com, LLC. 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). The hospital held a community celebration on September 20, and the new facility opened to . 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. Its been the best journey of our lives, really.. His answer? She was part of the team of reporters awarded the Pulitzer Prize for its coverage of the 2015 San Bernardino terrorist attack. They also would rather support nonprofits that need them rather than those that most wealthy people usually back. $25M Surprise Gift Announced During McPherson College Commencement. In 2007 the couple pledged over $50m to schools in Los Angeles. 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." The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana. 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. https://www.youtube.com/watch?v=8C5NLfYdZaE, Get our latest stories in the feed of your favorite networks. 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. Rooms also have sleeper sofas for friends and family and a tablet arm for charging mobile devices. Gross is well-known for his very, very healthy appetite for luxury real estate. There are perks for donors who contribute more than $150,000. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. Melanie Lundquist goes a step further. For decades, he very successfully led and grew the company as Chief Investment Officer. Part of HuffPost News. 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. They choose not to follow the crowd; instead, they seek to kick off a virtuous cycle that attracts other donors. 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. 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. McPherson College Bestows Honorary Doctoral Degrees on Melanie and Richard Lundquist for Body of Work Creating Systemic Change. 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. For frequently asked questions please click here. 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. These transactions we are about to discuss all occurred about two years ago. 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. Once javascript and access to those URLs are allowed, please refresh this page. The device, which literally suspends the heavy protective clothing above the operating table, saves time and aids mobility and stamina, Kaviani said. 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. Gross somewhat unexpectedly slammed down $23,000,000 for a double-lot mansion on Harbor Island in Newport Beach (CA). (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. Then Mr. 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. 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. A little web research reveals he is CEO of the Quinn Group, a massive Fresno, CA-based lessor of Caterpillar tractors and related equipment. Lundquist Fellows also receive a scholarship each year they fulfill program requirements, totaling $2,000 after completing five years of participation. 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. Richard also serves on the El Segundo Economic Development Corporation Board of Governors and the Lundquist Institutes Board of Directors. Gross, not counting taxes, carrying costs, real estate fees, etc. It recently opened USCs Nuzhdin Aquaculture Lab and Holdfast Aquaculture Lab. In 1988, he became President & CEO of Continental Development Corporation. All Rights Reserved. In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. They have carved out a path less traveled helping to improve outcomes for people, especially those living at the margins. Thats a $3.5 million loss for Mr. She also lends her support to the Fulfillment Fund's endowment fund for college scholarships, and has taken active roles in Inner City Arts, United Friends of the Children, and Alliance for Children's Rights, among others. 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 . 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. Top-notch care should not depend on your ZIP Code.. Mrs. Lundquist is a founding member of the Board of the Partnership for Los Angeles Schools, past chair of the Advisory Board for Teach for America, and is co-chair of a $165 million capital campaign for the California Science Center. 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. We really are indebted to them.. At times, it will not be easy. They had very good reasons not to believe in us.. The Lundquists relationship with McPherson College started in 2014. The towers ground floor is light and airy with an expansive lobby, gift shop and 200-seat cafe and patio with a decor of light pastel colors. Knatz has also chronicled the fascinating history of the City Dock No. 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. 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. Its going to be a tremendous community asset, said President and CEO Craig Leach. She is currently a Professor of the Practice of Policy and Engineering at USC. 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.. All Rights Reserved. But the report makes clear that more needs to be done, and to that end the Lundquists donated an additional $35 million last year. Patients will no longer need to be referred out of the South Bay for neurological care, Torrance Memorial Chief Executive Craig Leach said. 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. 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. That commitment to others is what inspires us as well. 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. OVERVIEW: Melanie and Richard Lundquist are leading philanthropists in Southern California and have pledged more than $225 million over the last decade to support education, cultural and health care initiatives throughout the region. He has a net worth of $5 billion. 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. Specifically, he resides in Irvine Cove, perhaps Orange Countys most exclusive and expensive guard-gated community. Records show Mr. Grosss new mansion which appears to be contemporary in style was completed sometime in 1989. elegant beauty supply net worth richmond; carlos majin dba star steel cleaning website; Feb. 10, 2019 7 AM PT In the months leading up to their 70th birthdays, Melanie and Richard Lundquist thought about ways to celebrate. August 3, 2022 | Giving Pledge signatories Lyda Hill and Lynn Schusterman, along with Lynn's daughter, Stacy Schusterman, are among this year's recipients of the Carnegie Medal of Philanthropy for their exemplary track record of giving and the impact of their generosity. The lower floors will be used for outpatient services, but officials are still deciding how to use the upper floors. About Dr. Lundquist Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. Richard and I look forward to visiting campus in October. They are co-founders of the Partnership for Los Angeles Schools, a sustainable, national turnaround model for underserved non-charter K-12 public schools. As we mentioned earlier, Mr. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. 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. 1. Many teachers and school administrators working in some of the toughest tumbledown schools were skeptical. Every day, we look out over the ocean and know that the answer to a lot of the earths challenges is out there somewhere. 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. 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. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. 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. Its a real climb uphill; the boulders are sitting there ready to tumble down on me, but thats OK. We like a challenge.. 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. 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. 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. 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. Do you have info to share with HuffPost reporters? 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. Maybe hes converting it into a guest/staff residence. We want to hear from you! 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 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. 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. McCarthy served as general contractor of the hospital facility, which was delivered over four-and-a-half months early and $10 million under budget. David G. Booth, . AltaSeas 35-acre campus devoted to marine and maritime research, education and business entrepreneurialism has an important role to play as Los Angeles helps lead the way in promoting the blue economy, said Knatz, who as the first Executive Director of the Port of Los Angeles from January 2006 through January 2014, helped create and implement the San Pedro Bay Ports Clean Air Action Plan. 1, the pier that is home to AltaSea in her latest book about the Port of Los Angeles. In addition, Geraldine has played a critical role in helping AltaSea create focal points of collaboration and expand its mission. Yes, kiddies, a tractor landlord can afford a $20 million vacant lot in one of the OCs most exclusive enclaves. Heres how. 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. Pride festival. Some of the funding will also go toward improving the care delivered to surgical and intensive care unit patients, he said. When you walk in, we wanted to make sure that, first of all, its beautiful, Leach said. Richard and Melanie Lundquist, United States. Ive always thought naming rights should be more like whats become customary for sports stadiums; you pay a certain amount a year, and if you dont continue to pay, your name comes down, says Richard Lundquist. You are also agreeing to our Terms of Service and Privacy Policy. 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. 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. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. network allows javascript and allows content to be delivered from v144.philanthropy.com and chronicle.blueconic.net. A decade ago, they pledged. Gross currently owns Ohana, the large and luxe spread he bought from Jennifer Aniston in 2011 for an unprecedented $35,000,000. 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 . Prior to that, she was managing director of the Port of Long Beach. Students apply and are selected to join the program during their seventh and eighth grade school year. Staying student-centered is at the heart of everything we do at the Partnership and were proud to support our Lundquist Fellows. They helped bring in gifts from Wells Fargo and DirecTV, as well as a number of large foundations. 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. She said, Melanie, I know it when I see it, and hes not our donor. I was really disappointed, says Lundquist. 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. Wake up to the day's most important news. Melanie and her husband Richard are agents of change and two of . 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. 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. But you knew that already, right? If you continue to experience issues, contact us at 202-466-1032 or help@chronicle.com. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. Before joining The Times in 2013, she worked for the Oregonian, San Francisco Chronicle, Nation magazine in D.C. and Thomson Reuters in London. 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. Blah blah blah. You may then be asked to log in, create an account if you don't already have one, Her background as a respected leader in the global goods movement and her leadership as chair will be vital as we continue making important progress.. 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. 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. Commencement Speaker Dr. Melanie Lundquist encourages students to persevere and embrace the nuances in life as she announces largest gift in colleges history. She and her husband Richard are the second-largest donors to AltaSea behind the Annenberg Foundation. Gross acquired the golf-green-fronting lot located within the guard-gated Vintage Club neighborhood in 1995 for $2,500,000 and tax records show the current, contemporary mansion was completed in 2002 and has 11,316 square feet with 4 bedrooms and 6.5 baths. 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. Lundquist got to know the day-to-day workings of the local hospital as a volunteer the 1980s and 90s. Thats $35,800,000 that this mysterious trust threw down in the span of a week all cash. 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