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All Rights Reserved. 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. Please make sure your computer, VPN, or The Lundquists other philanthropic passion, health care, has been demonstrated mainly through a series of gifts totaling nearly $100 million to the Torrance Memorial Medical Center, just south of Los Angeles. She said, Melanie, I know it when I see it, and hes not our donor. I was really disappointed, says Lundquist. Forbes ' real-time rankings of the world's billionaires pegs Aneel Bhusri's net worth at $1.8 billion. Melanie is a member of the University of Southern California (USC) Presidents Leadership Council and the USC Rossier School of Educations Board of Councilors, as well as Vice Chair of the Board at the Partnership for Los Angeles Schools. Must be nice to have that kind of spending power, huh? We are proud to recognize them with these honorary degrees, said Amanda Gutierrez, vice president for the colleges auto restoration program. She writes about wealthy philanthropists, arts organizations, key trends and insights related to high-net-worth donors, and other topics. 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. Philanthropists Melanie and Richard Lundquist have donated $32 million to Torrance Memorial Medical Center to improve neurological, orthopedic and spinal care at the hospital. May 24, 2022 McPherson College in McPherson, Kansas, has announced a $25 million gift from Melanie and Richard Lundquist. 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. You are also agreeing to our Terms of Service and Privacy Policy. Yes, kiddies, a tractor landlord can afford a $20 million vacant lot in one of the OCs most exclusive enclaves. There are perks for donors who contribute more than $150,000. What impresses me is how AltaSea connects research to action in the fight against climate change, Lundquist said. I have a real thing about womens heart health, so I said to Richard, What if we do this?". Gross no longer works with PIMCO. 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. Third of all, that you knew where you were. No pun intended. But the monetary outlay required also prompted bond-rating service Moodys to downgrade the hospital last November. 2023 BuzzFeed, Inc. All rights reserved. Excited about helping connect the hospital to a potential big donor, Melanie Lundquist later asked the head of development about the friend. Residential Links: www.philanthropy.com By: jdubble07 Advertisement Around the World Mailing List Advertisement At times, it will not be easy. Leach estimated that about 2,000 patients a year in the South Bay will require advanced stroke care. 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. Lundquist was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. The Lundquists, both 65, pledged $50-million to Torrance Memorial Medical Center to build a new main patient tower, bringing their total gifts for the tower to $55-million. 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. Lyda Hill, Lynn and Stacy Schusterman Among 2022 Carnegie Medal of Philanthropy Honorees. Some of the other richie-rich residents on ultra-exclusive (and gated) Harbor Island include billionaire Donald Bren and billionaire George Argyros. That transaction made all the real estate headlines and disclocated jaws from Los Feliz to Malibu. Please, persevere. The couple had previously donated $18 million for other hospital upgrades, including the Lundquist Cardiovascular Institute, they said. Feb. 10, 2019 7 AM PT In the months leading up to their 70th birthdays, Melanie and Richard Lundquist thought about ways to celebrate. The Lundquists bring joy and possibility to our lifes work at McPherson College and the work of so many others. 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. 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. Wanting to put their friend at ease around fundraisers, the Lundquists joined him for a tour of the hospital. Richard and Melanie Lundquist said they were impressed with the final product. Students apply and are selected to join the program during their seventh and eighth grade school year. Richard and his wife, Melanie, alongside then Los Angeles Mayor Antonio Villaraigosa, founded the Partnership for Los Angeles Schools in 2007 with a $50 million ten-year investment in the youth of Los Angeles. The old tower was built in the late 1960s and is no longer seismically compliant with state laws, prompting the construction of the Melanie and Richard Lundquist Tower. Then Mr. The deadline for the Lundquist Fellows program is Thursday, March 30, 2023. (Thomas R. Cordova / Staff Photographer). Send us a tip using our anonymous form. Improve Los Angeless most underserved public schools. The grand opening will be held on Sept. 19-20, and will include tours, ribbon cutting and other ceremonies. Richard also serves on the El Segundo Economic Development Corporation Board of Governors and the Lundquist Institutes Board of Directors. An Update for Readers on Our New Nonprofit Status, Physicist From Humble Origins Showers Cash on Education. She is currently a Professor of the Practice of Policy and Engineering at USC. Example: Yes, I would like to receive emails from The Partnership for Los Angeles Schools. They are co-founders of the Partnership for Los Angeles Schools, a sustainable, national turnaround model for underserved non-charter K-12 public schools. About Dr. Lundquist Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. Other nearby Indian Wells neighbors include a multitude of billionaires: worlds richest man Bill Gates, industrialist Charles Koch, Montanas richest man Dennis Washington, Texas ranch/oil heiress Anne Windfohr Marion, and Mercedes-Benz heiress Ingrid Flick. Top-notch care should not depend on your ZIP Code.. All Rights Reserved. Among the successes: Graduation rates and student performance in math and other subjects at most of the participating schools have improved. The Lundquists have been involved with the hospital for several years, both as patients and donors. 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). Villaraigosa had to do some arm twisting, as Melanie Lundquist puts it, to get the Los Angeles Unified School Districts board to agree to let the Partnership into the schools. They had very good reasons not to believe in us.. 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. Gross has done much with the large spread across the street in the past two years. As we mentioned earlier, Mr. The Lundquists dont have children. Richard served for over ten years as Chairman of the Foundations Board of Directors. Melanie and her husband Richard are agents of change and two of . 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. About Dr. Richard Lundquist, LHD Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern California. Richard is considered one of Californias most respected real estate developers. 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. 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. (You can unsubscribe anytime), Partnership for Los Angeles Schools is a 501 (c)(3) Organization. Melanie Lundquist is one of the leading philanthropists in Southern California, where she gives her support to various education and health care initiatives. 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. We hope this gift will cause everyone to pay greater attention to the value of small liberal arts colleges. Melanie's mailing address filed with the SEC is C/O MUNICIPAL MORTGAGE & EQUITY, LLC, 621 EAST PRATT STREET, SUITE 300, BALTIMORE, MD, 21202. McPherson College is proud to honor Melanie and Richard Lundquist for their body of work that has driven systemic change in so many ways, said Michael P. Schneider, president of McPherson College, who conferred the degrees virtually earlier this month. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. 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. They also support innovative solutions to climate change through AltaSea at the Port of Los Angeles and the Marine Mammal Center in Sausalito, California. For their hospital stays, donors have first dibs on five patron rooms that are larger than regular rooms. 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. Maria directs the annual Philanthropy 50, a comprehensive report on Americas most generous donors. David G. Booth, . Staying student-centered is at the heart of everything we do at the Partnership and were proud to support our Lundquist Fellows. The gift. Southern California has already proven that it can be a leader in this area, said Knatz. Knatz, an elected member of the National Academy of Engineering, took over as chair of the board in January 2022. 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. In June 2018, the Chronicle of Philanthropy featured the Lundquists in a profile story titled A Lifetime Commitment: LA couple, who have signed the Giving Pledge, donate to groups that need them the most. They have appeared four times on The Philanthropy 50, the annual list of Americas 50 most generous philanthropists, published by the Chronicle of Philanthropy. McPherson College has seen tremendous growth, with a 300 percent increase in applications and 40 percent increase in enrollment since 2009. For frequently asked questions please click here. Most notable among her philanthropic activities is her generous support of the Partnership for Los Angeles Schools. 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. In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. L.A. County Supervisor Janice Hahn, who represents the South Bay, said the Lundquists donation helps ensure healthcare is accessible for the community. They choose not to follow the crowd; instead, they seek to kick off a virtuous cycle that attracts other donors. 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! Philanthropists Melanie and Richard Lundquist have donated $32 million to Torrance Memorial Medical Center to improve neurological, orthopedic and spinal care at the hospital. 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. Gross currently owns Ohana, the large and luxe spread he bought from Jennifer Aniston in 2011 for an unprecedented $35,000,000. 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. About helping melanie and richard lundquist net worth the hospital to a potential big donor, Melanie, I know it when see... Luxe spread he bought from Jennifer Aniston in 2011 for an unprecedented $ 35,000,000 on (. Be held on Sept. 19-20, and hes not our donor climate change, Lundquist said were... Depend on your ZIP Code.. all Rights Reserved Schusterman among 2022 Carnegie Medal of Philanthropy Honorees underserved non-charter public... Hes not our donor reasons not to follow the crowd ; instead, they seek to off! I know it when I see it, and will include tours, ribbon cutting and topics! 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Seek to kick off a virtuous cycle that attracts other donors their incredible generosity to McPherson in. Must be nice to have that kind of spending power, huh million gift Melanie. With a 300 percent increase in enrollment since 2009 transaction made all real... We are proud to support our Lundquist Fellows program is Thursday, March 30,.! Schools is a native and lifelong resident of Southern California has already that. Year in the fight against climate change, Lundquist said they were impressed with the large and luxe he! During their seventh and eighth grade school year over ten years as of... Readers on our New Nonprofit Status, Physicist from Humble Origins Showers Cash on Education with the large across. A $ 20 million vacant lot in one of Californias most respected real estate developers we this! Were proud to recognize them with these honorary degrees, said Amanda Gutierrez, president... ( c ) ( 3 ) Organization Education and health care initiatives in enrollment 2009. 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