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. Torrance Memorial Medical Center has now received a total of $100 million from Los Angeles philanthropists Melanie and Richard Lundquist. Hes also, duh, a major lover of luxury real estate. 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. The Lundquists have been involved with the hospital for several years, both as patients and donors. 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. The Lundquists gift completes the campaign early, having raised $53 million in under three years. 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 lot is a large (for the area) .53-acre of land. 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. We want to hear from you! 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. 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. In January, the Partnership released a public report (paid for by the Carnegie Corporation) analyzing what the organization has accomplished over the past decade. 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. The hospital will also use the money to provide better stroke care. Staying student-centered is at the heart of everything we do at the Partnership and were proud to support our Lundquist Fellows. Patient rooms, waiting rooms and pre- and post-operation areas are built out to exterior walls to take advantage of the light and views. Dirt is a part of Penske Media Corporation. Its going to be a tremendous community asset, said President and CEO Craig Leach. Richard is considered one of Californias most respected real estate developers. 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. Hes known as the Bond King in American finance and the Old Grey Lady herself even referred to him as the nations most prominent bond investor. Example: Yes, I would like to receive emails from The Partnership for Los Angeles Schools. He was busy building a real-estate business, and she was a speech pathologist working with special-education children. . Before joining The Times in 2013, she worked for the Oregonian, San Francisco Chronicle, Nation magazine in D.C. and Thomson Reuters in London. Sixteen original art installations, many with South Bay themes, are scattered throughout the tower. William H. Bill Gross, for those who dont know, is a very famous American financier who co-founded asset management giant PIMCO way back in 1971. Its among the 60 biggest gifts in the healthcare sector since 2005. About Dr. Lundquist Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. On average, MMA Capital Inc executives and independent directors trade stock every 20 days with the average trade being worth of $136,434. 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. 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. 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. Melanie and her husband Richard are agents of change and two of . 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. 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. Among the successes: Graduation rates and student performance in math and other subjects at most of the participating schools have improved. 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. 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. 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. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. This is humbling for Richard and me. 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. Dr. Melanie Lundquist, LHD, Known as One of Californias Most Active Philanthropists, Plans to Help AltaSea Expand Its Reach to Inspire the Next Generation. Leach said thats a reflection of nationwide trends from the past six years. I guess I was observing more than I thought and saw this was just a really wonderful, caring place.. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. I call them heroes, Leach said of the Lundquists. She says her public school teachers were some of the most influential people in her life. The gift announced this week brings the couples total contributions to the hospital to $100 million over the last 11 years. 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. The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana. LOS ANGELES - Southern California philanthropists Melanie and Richard Lundquist have donated $70 million to the Los Angeles Biomedical Research Institute (LA BioMed), a gift that will transform the institution by giving it a sustainable source of unrestricted funding to recruit and retain top researchers and provide the needed support and Blah blah blah. They have also helped . Gross paid an even-steven $20,000,000 for a spectacular mansion on famed 17 Mile Drive in Pebble Beach (CA). For decades, he very successfully led and grew the company as Chief Investment Officer. 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. Melanie F Lundquist: 2041 Rosecrans Ave Ste 200, El Segundo, CA 90245-4792: 202112: . 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. 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. AltaSea is quickly becoming a place where students can gain interactive, hands-on experience directly with entrepreneurs, focused on the blue economy.. 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. Wanting to put their friend at ease around fundraisers, the Lundquists joined him for a tour of the hospital. 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. The $32-million gift will go toward the creation of an orthopedic and spine institute as well as a neuroscience institute. 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. 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. McPherson College Bestows Honorary Doctoral Degrees on Melanie and Richard Lundquist for Body of Work Creating Systemic Change. $25M Surprise Gift Announced During McPherson College Commencement. 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.. The Lundquists $50 Million gift to the Partnership is the largest private donation ever made to Los Angeles schools. 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. "Melanie and I have invested both our time and financial resources at the institute," Richard Lundquist. They have also helped transform health care delivery and spur biomedical research and innovation. We hope this gift will cause everyone to pay greater attention to the value of small liberal arts colleges. The grand opening will be on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. Thats $35,800,000 that this mysterious trust threw down in the span of a week all cash. Send us a tip using our anonymous form. At McPherson College, you learned how to think outside the building, not just the box keep at it, said Lundquist. Her grandfather, a migrant to this country, became a successful business owner and was a member of the Los Angeles Merchants Association, the group that founded what would later become the City of Hope. We applaud all of the people who participated in bringing this extremely complicated development project to fruition, both ahead of schedule and below budget, Richard Lundquist said. . Rooms also have sleeper sofas for friends and family and a tablet arm for charging mobile devices. Have you ever heard of a $35 million house that has to share its driveway (and gate) with the next door neighbors? Here we are six years later and we are now at $130 million in giving for this building.. Must be nice to have that kind of spending power, huh? However, Mr. Can virtual reality reduce high blood pressure at a church in South L.A.? By focusing resources on improving a key community hospital, the Lundquists are helping to strengthen the safety net for health care in our entire region, she said in a statement. For more information on AltaSea, please see our website: https://altasea.org, Jacob Scott 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. Unfortunately, we dont know Mr. They also would rather support nonprofits that need them rather than those that most wealthy people usually back. I was one of those blue-haired little old ladies working the desk on Thursday nights, she says. Some of the funding will also go toward improving the care delivered to surgical and intensive care unit patients, he said. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. Lundquist got to know the day-to-day workings of the local hospital as a volunteer the 1980s and 90s. It recently opened USCs Nuzhdin Aquaculture Lab and Holdfast Aquaculture Lab. The most likely cause of this is a content blocker on your computer or network. Many teachers and school administrators working in some of the toughest tumbledown schools were skeptical. 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 are also continuing to take an active role in helping the nonprofit raise money from others. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. 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. Lyda Hill, Lynn and Stacy Schusterman Among 2022 Carnegie Medal of Philanthropy Honorees. We want to make transformative contributions and create systematic change, and we want to be about the big picture, says Melanie Lundquist. 2023 BuzzFeed, Inc. All rights reserved. The most active insiders traders include James Christopher Hunt, Michael L Falcone, and Gary A Mentesana . 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. No pun intended. 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