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. Melanie F Lundquist: 2041 Rosecrans Ave Ste 200, El Segundo, CA 90245-4792: 202112: . Torrance Memorial Medical Center has now received a total of $100 million from Los Angeles philanthropists Melanie and Richard Lundquist. WATCH: Melanie Lundquists announcement of gift to McPherson College. . 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. 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. 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 . Senator Jerry Moran. 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. Have you ever heard of a $35 million house that has to share its driveway (and gate) with the next door neighbors? In January, the Partnership released a public report (paid for by the Carnegie Corporation) analyzing what the organization has accomplished over the past decade. 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. (You can unsubscribe anytime), Partnership for Los Angeles Schools is a 501 (c)(3) Organization. Knatz, an elected member of the National Academy of Engineering, took over as chair of the board in January 2022. 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. In the early 2000s the Lundquists became better acquainted with the medical centers leaders through their real-estate dealings, and by 2005 they heard the hospital was looking for a donor to support a new cardiovascular institute. 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. 1. The previous largest gift to McPherson College was $10 million. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. 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. 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. As everyone and their aunties therapist knows and as was first revealed by the incomparable Your Mama over atVariety Mr. (Thomas R. Cordova / Staff Photographer). 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. 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. All Rights Reserved. As far as we can tell, Mr. I am proud to be joining the board and look forward to helping AltaSea become an even greater engine of innovation and inspiration, especially for our young people. Gross currently owns Ohana, the large and luxe spread he bought from Jennifer Aniston in 2011 for an unprecedented $35,000,000. However, Mr. We want to make transformative contributions and create systematic change, and we want to be about the big picture, says Melanie Lundquist. We are proud to be Bulldogs, said Melanie Lundquist. Example: Yes, I would like to receive emails from The Partnership for Los Angeles Schools. This is a statement that Melanie and Richard Lundquist can relate to. That came on the heels of declining patient volumes since the outset of the recession and a significant decline in cash flow earlier in 2013, Moodys said. Residential Links: www.philanthropy.com By: jdubble07 Advertisement Around the World Mailing List Advertisement About one-third of patient rooms have a visible brace designed to absorb a jolt from an earthquake. She established the Cardiovascular Institute at the Torrance Memorial Medical Center where she emphasizes womens heart health. That transaction made all the real estate headlines and disclocated jaws from Los Feliz to Malibu. Patients will no longer need to be referred out of the South Bay for neurological care, Torrance Memorial Chief Executive Craig Leach said. The Grosses spent years attempting to unload their place at a variety of asking prices before it finally sold in May 2014 for just $16,500,000 to venture capitalist Hank Plain and his wife Lisa. Here we are six years later and we are now at $130 million in giving for this building.. 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. This gift will help put our Community by Design strategic plan on a new trajectory ensuring the new campus commons is built and strengthening the colleges academic programs as well as support the student debt project, which enables students to graduate debt-free, said McPherson College President Michael Schneider. These deals were kept hush-hush. McPherson College is important to the success of our state, and this gift will not only help the college continue to grow, but it will also greatly benefit the McPherson community. 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. In 1988, he became President & CEO of Continental Development Corporation. 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. Knatz has authored numerous publications as well as two award-winning books on the Port of Los Angeles. This five-year fellowship program seeks to further develop students who have demonstrated outstanding leadership and commitment to their schools, education, and communities with an academic scholarship and opportunities for personal and professional growth. We are unable to fully display the content of this page. They also would rather support nonprofits that need them rather than those that most wealthy people usually back. 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. The hospital installed an interactive system that provides patients with health education videos or movies on demand on 40-inch HD televisions. 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. Some of the other richie-rich residents on ultra-exclusive (and gated) Harbor Island include billionaire Donald Bren and billionaire George Argyros. Geraldine Knatz is Professor of the Practice of Policy and Engineering, a joint appointment between the University of Southern California Price School of Public Policy and the Viterbi School of Engineering. She has been quoted in top-tier media outlets, including the New York Times and appeared on Bloomberg Television. Although Torrance Memorial already is the largest acute-care hospital in the South Bay, the new tower will increase the total number of beds to 446. We are deeply grateful to Richard and Melanie for their incredible generosity to McPherson College. https://www.youtube.com/watch?v=8C5NLfYdZaE, Get our latest stories in the feed of your favorite networks. In comparison, the new addition, dubbed the Melanie and Richard Lundquist Tower, has received $130 million in donations. This is humbling for Richard and me. 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. Dr. Melanie Lundquist, LHD, Known as One of Californias Most Active Philanthropists, Plans to Help AltaSea Expand Its Reach to Inspire the Next Generation. 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. 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. While Mr. 2022 McPherson College. Many teachers and school administrators working in some of the toughest tumbledown schools were skeptical. 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. 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. 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. 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 helped transform public education and health care delivery, spur biomedical research and innovation, and propel efforts to combat climate change. Gross came and shut the haters down. As we mentioned earlier, Mr. 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. 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. Richard is considered one of Californias most respected real estate developers. Yes, kiddies, a tractor landlord can afford a $20 million vacant lot in one of the OCs most exclusive enclaves. 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. When you walk in, we wanted to make sure that, first of all, its beautiful, Leach said. Public dollars alone can no longer sustain our society. The couple thought a friend who had just sold his business would be a good fit and connected hospital leaders with the man. Were really promoting a family-centered care structure and having folks stay overnight is a big part of that, Senner said. Richard also serves on the El Segundo Economic Development Corporation Board of Governors and the Lundquist Institutes Board of Directors. 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. 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 over three decades, Richard has served as a member of the Board of Directors of the El Segundo Education Foundation, a non-profit organization that raises funds for El Segundo, CA public schools, where Continental Development is headquartered. 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. They werent necessarily focused on fixing the school system in their own backyard, but when they hosted a political fundraiser in 2004 that Villaraigosa attended, Melanie Lundquist asked him what his top priorities would be if he won the mayoral race. 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. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her philanthropic work. 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. Gross is well-known for his very, very healthy appetite for luxury real estate. More unemployment meant fewer people with medical insurance, while advances in medical technology and more restrictive policies from insurance companies have reduced in-patient stays, affecting profitability, he said. 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. Melanie and Richard Lundquist are agents of change and two of California's most significant philanthropists. 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. At times, it will not be easy. Get the latest scoop directly in your inbox. For their hospital stays, donors have first dibs on five patron rooms that are larger than regular rooms. The largest gift in the college's 135-year history is the largest gift made by the Lundquists outside their native California. Most donations to healthcare organizations go to research institutes, such as those trying to cure cancer, or to hospitals testing out the latest technologies or therapies to treat rare medical conditions. She says her public school teachers were some of the most influential people in her life. 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 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. Torrance Memorial Medical Center's new seven-story, $480 million tower in Torrance on Wednesday, September 10, 2014. 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. Melanie was named Philanthropist of the Year in 2019 by the Los Angeles Business Journal. Gross, not counting taxes, carrying costs, real estate fees, etc. They were introduced by Paul Russell, chair of the Automotive Restoration National Advisory Board, and since then, have committed well over $1 million to the colleges auto restoration program, the only award-winning four-year bachelors degree program for automotive restoration technology in the country. Its been the best journey of our lives, really.. 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. One of Mr. Grosss closest neighbors in Laguna Beach is Oculus VR founder Brendan Iribe, who paid more than $30,000,000 for an Irvine Cove residence thats literally a stones throw away from Mr. Grosss compound. 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. 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 Improve Los Angeless most underserved public schools. May 24, 2022 McPherson College in McPherson, Kansas, has announced a $25 million gift from Melanie and Richard Lundquist. No kidding. 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. How about yall? The Doctor of Humane Letters (LHD) degrees are awarded by McPherson Colleges Board of Trustees and faculty, who voted unanimously to recognize the Lundquists with the honorary degrees. 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. 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. 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 The Lundquists have been involved with the hospital for several years, both as patients and donors. Due to the pandemic, the hooding ceremony was delayed until this years commencement exercises. Who is Blake Quinn? They ended up giving $10 million to the cardiovascular institute the largest donation to the hospital at that point and $3 million to expand emergency-room care. Commencement Speaker Dr. Melanie Lundquist encourages students to persevere and embrace the nuances in life as she announces largest gift in colleges history. AltaSea is quickly becoming a place where students can gain interactive, hands-on experience directly with entrepreneurs, focused on the blue economy.. 2023 BuzzFeed, Inc. All rights reserved. network allows javascript and allows content to be delivered from v144.philanthropy.com and chronicle.blueconic.net. David G. Booth, . For decades, he very successfully led and grew the company as Chief Investment Officer. 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. Please make sure your computer, VPN, or 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 hybrid operating room offers such advantages as a zero-gravity radiation protection system, said Dr. Amir Kaviani, a vascular surgeon. They have carved out a path less traveled helping to improve outcomes for people, especially those living at the margins. 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. About Dr. Richard Lundquist, LHD Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern California. 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. 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. 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. Since then, the Lundquists have become regular supporters of the college. The Lundquists dont have children. 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. We hope this gift will cause everyone to pay greater attention to the value of small liberal arts colleges. 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. Anyway, Mr. & Mrs. A $50 million stretch goal was then established. Richard earned his Bachelor of Science Degree from the University of Southern California. Send us a tip using our anonymous form. Heres how. 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. 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. But as far as Yolanda knows, nobody else on the interwebs has discussed them yet. A special ceremony is being planned on campus for October 2021, contingent on COVID protocols. And they have more big giving plans to come. Top-notch care should not depend on your ZIP Code.. 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. We really are indebted to them.. Eventually, patients will be able to order meals akin to room service in a hotel, request housekeeping services and buy gift shop items. The couple had previously donated $18 million for other hospital upgrades, including the Lundquist Cardiovascular Institute, they said. A little web research reveals he is CEO of the Quinn Group, a massive Fresno, CA-based lessor of Caterpillar tractors and related equipment. Maria directs the annual Philanthropy 50, a comprehensive report on Americas most generous donors. Unfortunately, we dont know Mr. Knatz was the first donor to AltaSeas Doors to the Future Campaign, purchasing Door No. Thank you to the Lundquists for their generous gift to McPherson College. These transactions we are about to discuss all occurred about two years ago. Recently, his company and a development partner secured approval to build and lease a new 14-acre headquarters and training facility to the Los Angeles Chargers NFL team. The impact of the Lundquists gift and friendship is truly immeasurable.. Richard and I talked about it. The $32-million donation is the second-largest gift this year to a healthcare provider or organization, according to the Chronicle of Philanthropy. 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. Richard and Melanie Lundquist "For us, philanthropy is the meaning of life and also what gives our lives true meaning. 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. . But you knew that already, right? Last updated: 21 July 2019 at 11:53pm EST. Can virtual reality reduce high blood pressure at a church in South L.A.? Earlier this month, Richard donated his prized Enzo Ferrari 1972 365GTB/4 Daytona, marking the first Ferrari in the automotive restoration programs 45-year history. On a brighter note, Yolanda is on her way to Death Valley for the weekend to escape LAs heat. The house is in perhaps the poshest part of the entire road and backs up to, as per our Mama, the best fairway on what is perhaps one of the worlds most famous golf courses. 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. Melanie is a sought-out voice on public education and philanthropic issues. Privately and ideally sited in the lower area of Beverly Hills Trousdale Estates neighborhood, Ohana sits on a gated flag lot of nearly an acre. The lower floors will be used for outpatient services, but officials are still deciding how to use the upper floors. 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. elegant beauty supply net worth richmond; carlos majin dba star steel cleaning website; This five-year fellowship program seeks to further develop students who have demonstrated outstanding . 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. 2023 Dirt.com, LLC. 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. 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. 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. I call them heroes, Leach said of the Lundquists. The gift. Leach said thats a reflection of nationwide trends from the past six years. 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. 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. 1, the pier that is home to AltaSea in her latest book about the Port of Los Angeles. Richard served for over ten years as Chairman of the Foundations Board of Directors. But apparently thats not space for this certified Real Estate Baller. For frequently asked questions please click here. 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." Melanie and Richard Lundquist are among California's most significant philanthropists, having pledged more than $325 million in charitable contributions toward educational, medical, and. Back in 2002, Mr. & Mrs. All Rights Reserved. Records show Mr. Grosss new mansion which appears to be contemporary in style was completed sometime in 1989. And they have carved out a path less traveled helping to improve outcomes for people, especially those living the. 2041 Rosecrans Ave Ste 200, El Segundo Economic Development Corporation a tractor landlord can a... 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