melanie and richard lundquist net worth

melanie and richard lundquist net worth

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. (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, exactly one week later on June 10th a two=story mock-med house next door to Mr. Grosss place sold for $16,000,000. 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. 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. Melanie Maring Lundquist Net Worth What's Melanie Lundquist's mailing address? 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. 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. It was an ambitious concept for nonprofit involvement in a public-school system. 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. 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. Do you have info to share with HuffPost reporters? . 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 . 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. 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. 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. 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.. 1. Most unusually, the property shares its driveway with another house. WATCH: Melanie Lundquists announcement of gift to McPherson College. The Lundquists have also led efforts to invest in solutions to climate change through AltaSea at the Port of Los Angeles and critically important marine mammal research at the Marine Mammal Center, the largest marine mammal hospital in the world, located in Sausalito, Calif. McCarthy served as general contractor of the hospital facility, which was delivered over four-and-a-half months early and $10 million under budget. Leach said thats a reflection of nationwide trends from the past six years. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. 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. What impresses me is how AltaSea connects research to action in the fight against climate change, Lundquist said. Before joining The Times in 2013, she worked for the Oregonian, San Francisco Chronicle, Nation magazine in D.C. and Thomson Reuters in London. 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. 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. A little web research reveals he is CEO of the Quinn Group, a massive Fresno, CA-based lessor of Caterpillar tractors and related equipment. They also support innovative solutions to climate change through AltaSea at the Port of Los Angeles and the Marine Mammal Center in Sausalito, California. 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. All Rights Reserved. 2022 McPherson College. Then theres 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! That's a net gain of about 50 after about 200 are closed in the older . Both Melanie and Richard were recognized by the Los Angeles Unified Board of Education in 2018 for their efforts to accelerate student achievement in the nations second-largest school district. For many generations to come, this beautifully designed new medical complex, along with all those working in it, will provide advanced medical care for the entire community.. He won, and with input from others, the Partnership eventually grew from a rough idea to a full-fledged nonprofit in two years. No kidding. The facility was built to withstand the largest earthquake geologists say the South Bay could face a magnitude of 7.4, Leach said. Back to Orange County. Lyda Hill, Lynn and Stacy Schusterman Among 2022 Carnegie Medal of Philanthropy Honorees. Philanthropists Melanie and Richard Lundquist have donated $32 million to Torrance Memorial Medical Center to improve neurological, orthopedic and spinal care at the hospital. 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. Latest $32 Million Donation by Melanie & Richard Lundquist Will Establish Neuroscience Institute and Orthopedic & Spine Institute at Torrance, CA Hospital June 15, 2017 04:07 PM Eastern Daylight Time 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. 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. 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. 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. 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Dr. Melanie Lundquist, LHD, Known as One of Californias Most Active Philanthropists, Plans to Help AltaSea Expand Its Reach to Inspire the Next Generation. The construction was not without its fiscal challenges, starting as the worlds financial markets suffered a catastrophic meltdown. Staying student-centered is at the heart of everything we do at the Partnership and were proud to support our Lundquist Fellows. Leach estimated that about 2,000 patients a year in the South Bay will require advanced stroke care. Richard and Melanie Lundquist, United States. But if there was a house there, it was demolished faster than yall can snap your fingers twice. 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. 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. Melanie and Richard Lundquist are agents of change and two of California's most significant philanthropists. 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. Commencement Speaker Dr. Melanie Lundquist encourages students to persevere and embrace the nuances in life as she announces largest gift in colleges history. In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. 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. 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. The remainder of the tower is devoted to patient rooms, including 48 intensive care units. 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. 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. The sum is the most a single donor has given to a hospital that isnt a research or teaching facility since the Chronicle of Philanthropy began tracking donations over $1 million in 2005. She and her husband Richard are the second-largest donors to AltaSea behind the Annenberg Foundation. They have also helped . The Lundquists are champions for McPherson Colleges mission, and more importantly, they are role models for our students they are people of passion and commitment, focused on improving humanity. 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. 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. Richard and I talked about it. Students apply and are selected to join the program during their seventh and eighth grade school year. Here we are six years later and we are now at $130 million in giving for this building.. (You can unsubscribe anytime), Partnership for Los Angeles Schools is a 501 (c)(3) Organization. During the past twelve months, AltaSea has secured $24 million in local, state, and federal funding commitments and is a finalist for a $32 million U.S. Economic Development Administration federal grant. 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. Melanie and her husband Richard are agents of change and two of . McPherson College has conferred honorary doctorates on Melanie and Richard Lundquist 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. It recently opened USCs Nuzhdin Aquaculture Lab and Holdfast Aquaculture Lab. Who is Blake Quinn? Gross currently owns Ohana, the large and luxe spread he bought from Jennifer Aniston in 2011 for an unprecedented $35,000,000. A water feature built with a $1 million Toyota donation greets patients at the front door of the tower, which was built to evoke a feeling of hospitality rather than a clinical atmosphere, Leach said. Theyve also gotten to know the beneficiaries. Most notable among her philanthropic activities is her generous support of the Partnership for Los Angeles Schools. This five-year fellowship program seeks to further develop students who have demonstrated outstanding . And theyve taken a very unusual approach to naming rights one that sacrifices their own vanity for the sake of the institution. She says her public school teachers were some of the most influential people in her life. For more information on AltaSea, please see our website: https://altasea.org, Jacob Scott In addition, she is a significant donor to the Alliance for College-Ready Schools, a Los Angeles charter organization. Give your time, talent, and treasure for the love of humanity.. Gross came and shut the haters down. The Lundquists are signatories of the Giving Pledge, the movement where some of the U.S.s wealthiest individuals and couples commit to give more than half their wealth away. or subscribe. Sixteen original art installations, many with South Bay themes, are scattered throughout the tower. Sold for $ 16,000,000 there, it was an ambitious concept for nonprofit involvement in public-school... Melanie and her husband Richard are the second-largest donors to AltaSea behind the Annenberg Foundation she says her public teachers... Bay will require advanced stroke care, dubbed the Melanie and her husband are., has melanie and richard lundquist net worth $ 130 million in donations most significant philanthropists Aquaculture Lab students apply and are to! Teachers were some of the institution dubbed the Melanie and Richard Lundquist are of. The Melanie and Richard Lundquist tower, has received $ 130 million donations. 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