They are also continuing to take an active role in helping the nonprofit raise money from others. (Thomas R. Cordova / Staff Photographer). 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. 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. Richard and I look forward to visiting campus in October. 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 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. 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. 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. 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. 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. Hes also, duh, a major lover of luxury real estate. When you walk in, we wanted to make sure that, first of all, its beautiful, Leach said. In addition, AltaSea has been a leader in encouraging both business pioneers and students, launching the first ever Watts-based blue economy collaborative for minority entrepreneurs earlier this year and engaging 34 LAUSD Schools in LA STEM Collective educational programming focused on the ocean. 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. Zero-calorie sweetener linked to heart attack and stroke, study finds, Some California cities cant stop apartment projects as developers use builders remedy, Chicago Mayor Lori Lightfoot concedes defeat, Denver just got a direct flight to this Caribbean island known for music history and vegetarian cooking, NYC Mayor Adams dismisses need to separate church and state, declares himself a servant of God, Zero-calorie sweetener linked to heart attack and stroke, study finds, Do Not Sell/Share My Personal Information. The Lundquists dont have children. Mr. Grosss nearest neighbors in Beverly Hills include nutritional supplement heir Ryan Drexler, Ringo Starr, Roger Birnbaum (he paid $20,000,000 for Ellen DeGeneress house), and Riza Aziz, the severely-legally-embattled stepson of Malaysian Prime Minister Najib Razak. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Improve Los Angeless most underserved public schools. 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. 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. 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. The Lundquists have also spurred biomedical innovation and research through their significant gifts to The Lundquist Institute and have supported McPherson College with the largest-ever gift to a private liberal arts college in Kansas. 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 Melanie Lundquist goes a step further. Forbes ' real-time rankings of the world's billionaires pegs Aneel Bhusri's net worth at $1.8 billion. 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. 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. 1, the pier that is home to AltaSea in her latest book about the Port of Los Angeles. 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. 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. No pun intended. 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. 2022 McPherson College. But the monetary outlay required also prompted bond-rating service Moodys to downgrade the hospital last November. 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. For decades, he very successfully led and grew the company as Chief Investment Officer. A $50 million stretch goal was then established. 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. The lower floors will be used for outpatient services, but officials are still deciding how to use the upper floors. The Richard C. and Melanie F. Lundquist Family Foundation Company-sponsored foundation EIN 954872582 Location 2041 Rosecrans Avenue Suite 200 El Segundo, CA United States 90245 Contact Information Telephone: 3106401520 Southern California has already proven that it can be a leader in this area, said Knatz. The Partnership for Los Angeles Schools is an example of a public-private partnership. The underlying foundation of the big picture for everything is education and health care; theyre basic human rights to us., A version of this article appeared in the. Melanie and her husband Richard are agents of change and two of Californias most significant philanthropists. In short, hes a very big deal. 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. 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. On one hand, it enabled Torrance Memorial to save about $30 million on construction costs, Leach said. Their contributions to the medical center and the Partnership for Los Angeles Schools reveal an overriding aspect that surrounds most of the Lundquists giving: They prefer to devote their biggest donations to groups they seek out and get to know over time, and they want those donations to have a big impact on the organizations and people they are trying to help. They have also helped . (You can unsubscribe anytime), Partnership for Los Angeles Schools is a 501 (c)(3) Organization. Among the successes: Graduation rates and student performance in math and other subjects at most of the participating schools have improved. 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. These deals were kept hush-hush. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. No kidding. 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. 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. 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. In July 2009, near the height of the recession, Mr. & Mrs. 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. They have appeared four times on The Philanthropy 50, the annual list of Americas 50 most generous philanthropists. 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. The construction was not without its fiscal challenges, starting as the worlds financial markets suffered a catastrophic meltdown. Top-notch care should not depend on your ZIP Code.. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. Gross currently owns Ohana, the large and luxe spread he bought from Jennifer Aniston in 2011 for an unprecedented $35,000,000. The Lundquists gift completes the campaign early, having raised $53 million in under three years. or subscribe. 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. The hospital currently operates at 75 percent occupancy. 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. The gift. 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. We have had the pleasure of getting to know many McPherson College students and hosting them in California. I call them heroes, Leach said of the Lundquists. 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. 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. Lundquist Fellows also receive a scholarship each year they fulfill program requirements, totaling $2,000 after completing five years of participation. 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. Were truly lucky to have Richard and Melanie as members of the McPherson College family and this conferral recognizes that, said Schneider. He has a net worth of $5 billion. We wouldnt be featuring him if he had a Warren Buffett-style real estate situation. 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