Although this foundation does not have a website or publicize its grantmaking protocols, it has been making the news in recent years because of occasional multimillion-dollar gifts to big-name institutions in the Los Angeles area. They invested an additional $35 million in the partnership in 2019. This organization has no recorded board members. The site, which will make use of converted warehouses as well as newly constructed buildings, will include research facilities and a science center, and will provide connections to entrepreneurial start-ups. Ask the lawyer, Yo Pesci receives seven year sentence after flashing firearms on social media, Southern California home sales fall to all-time low, DA Gascn suspends attorney who prosecuted transgender child molester, Reports: Kings trade Quick to Blue Jackets, acquire Korpisalo, Gavrikov, Southern Californias mountain towns remain buried under snow with more on the way, Former CHP officer charged with assaulting woman during traffic stop near Santa Clarita, Some California cities cant stop apartment projects as developers use builders remedy, Killer keto? City News Service is a regional wire service covering Los Angeles, Orange, Riverside and San Diego counties. Launched in 2015 with a $20 million gift from the Annenberg Foundation, AltaSea is focused on expanding science-based understanding of the ocean . When making the donation, Mr. Lundquist recognized Aube's inspirational plans for AltaSea, "He had an inexplicable passion for what AltaSea could be for our young people, for entrepreneurs interested in the blue economy and most importantly for helping . President of Bezos Family Foundation (Jacklyn) and retired engineer (Miguel) $710.5 million . As you can imagine, converting these buildings into viable businesses and learning centers requires a vast amount of renovation along with the construction of the new Visitor Engagement Center. They are establishing farms in the waters off the San Pedro coast. The Port of Los Angeles agreed to provide $40 million in site improvements in a 50-year lease on a 35-acre property located at City Dock No. Offers may be subject to change without notice. AltaSea at the Port of Los Angeles, a public-private initiative working to build a marine research center on the San Pedro waterfront, has announced a $5 million gift from Richard and Melanie Lundquist in support of its ocean sustainability programs.. Richard and Melanie Lundquist. The people, governance practices, and partners that make the organization tick. Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter Salesforce is paying Matthew McConaughey reported $10 million a year for creative help despite laying off 8,000 CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. If you continue to experience issues, contact us at 202-466-1032 or help@chronicle.com. Biggest gift: $65 million to Marine Corps Scholarship Foundation ____ 30. Built on a historic pier with access to the deep ocean, AltaSea's thirty-five-acre "campus for innovation" will be the new home of the Southern California Marine Institute, which is relocating from its Terminal Island location, and will feature research facilities and a science center in converted warehouses as well as newly constructed buildings. Get the latest nonprofit news, funding opportunities, job openings, and more delivered to your inbox with Philanthropy News Digest newsletters. An Update for Readers on Our New Nonprofit Status. Background: Mr. Lundquist is owner and president of Continental Development Corporation, a commercial real-estate and management company in El Segundo, Calif. The recognizing date of the exempt status is March, 2014. 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 Click on the link in that email AltaSea's mission isto accelerate scientific research, to facilitate job generation, and to inspire the next generation of scientists and entrepreneurs to create solutions for a sustainable ocean. Dr. Ballards Ocean Exploration Trust offers educators and students access to its ocean exploration and research projects. AltaSea is focused on developing rapid solutions to our planet's most pressing challenges: food security, by producing sustainable proteins in the ocean; renewable energy supply; combating climate change; and exploring the 90% of the ocean that still remains a mystery. Learn more Theyve also given large sums to Torrance Memorial Medical Center, the Lundquist Institute, and other organizations. Note: The absence of a rating does not indicate a positive or negative assessment; it only indicates that we have not yet evaluated this organization. about GuideStar Pro. 7. They like nonprofits that look beyond their own front door and work to improve every aspect of their beneficiaries lives. To help you get familiar with this funder, here are some facts to keep in mind about the Lundquist Family Foundation. Founder of Bloomberg financial news company $1.7 billion Biggest gift: Various 3. FORTUNE may receive compensation for some links to products and services on this website. Biggest gift: $81 million to Craig Newmark Foundation and Craig Newmark Philanthropic Fund ____ 25. loading and try your donation again. 31 Adrienne Arsht: Businesswoman; $62.4 million. Use the tool below to select different beacons to see how the weighting shifts when only one, two, or three beacons are earned. Richard C and Melanie Lundquist Family Foundation. Sign up here. Explore GrantFinder, a powerful resource for IP subscribers. Sign in or create an account to view Form(s) 990 for 2020, 2019 and 2018. Dr. Melanie Lundquist, LHD, is an activist philanthropist whose voice is as fearless as her charity work. Bill Gates speaks during the Global Fund's Seventh Replenishment Conference, Wednesday, Sept. 21, 2022, in New York. Maria directs the annual Philanthropy 50, a comprehensive report on Americas most generous donors. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. You may then be asked to log in, create an account if you don't already have one, We lost Len way too soon. Its reporting and editing staff cover public safety, courts, local government and general assignment stories. The Form 990 is a document that nonprofit organizations file with the IRS annually. A verification email has been sent to you. Real estate developers. Equality in education is one of the most important civil rights, Lundquist said. High school and middle school students can take advantage of AltaSeas extended learning opportunities that develop their STEM skills. Want to get inside funders' heads? Project Blue @ Summer is scheduled to launch on June 15th. If it is your nonprofit, add a problem overview. 6. Charles Lundquist founded the company in 1969, Richard Lundquist became its president in 1988 and the company has entered the medical office market since that time. The Melanie Finley Ovarian Cancer Foundation, Inc. Your email address will not be published. Hide Background 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 As a result, tenants at AltaSea are required by their lease agreements to assist with educational opportunities and internships. See rating report below to learn why this organization is not currently eligible. (BMF affiliation code: 3). You're faster than our page! $62.8 million . please try again later. Development and implementation of these activities will resume when the COVID-19 situation stabilizes and school resumes. The campus design was developed by Gensler, an architecture firm whose Los Angeles projects include the Banc of California Stadium in Exposition Park and the Ritz-Carlton Hotel and Residences and the J. W. Marriott at LA Live. The Lundquist Foundation typically funds a variety of nonprofits based in the couples home region and with personal connections to the family. When he showed me the plans on paper for AltaSea, he made them jump off the page, Richard Lundquist said. Biggest gift: $274.3 million to Sergey Brin Family Foundation. Money Services Business Registrations; Moter Carriers; System for Award Management Entities; About AltaSeaAltaSea at the Port of Los Angeles is creating a world-class, ocean-based campus where science, business and education come together to generate innovative solutions to the most critical global sustainability issues today: food, energy, and climate security. Richard and Melanie Lundquist. Richard C and Melanie Lundquist Family Foundation is a tax exempt organization located in El Segundo, California. $62.8 million . That way they know what the obstacles are, and they can help to find sustainable solutions. "This gift from Richard and Melanie Lundquist is a wonderful tribute to Len and inspires us even more to realize our campus of innovation, discovery, and education on ocean sustainability.". Additional curriculum was developed and implemented at the Alliance Alice M. Baxter College-Ready High School in San Pedro. The couple are real-estate developers but spend much of their time taking a hands-on approach to their philanthropy. AltaSea at the Port of Los Angeles, a public-private initiative working to build a marine research center on the San Pedro waterfront, has announced a $5 million gift from Richard and Melanie Lundquist in support of its ocean sustainability programs. Powered and implemented by Interactive Data Managed Solutions. About AltaSeaAltaSea at the Port of Los Angeles is creating a world-class, ocean-based campus where science, business and education come together to generate innovative solutions to the most critical global sustainability issues today: food, energy, and climate security. We recognize that not all metrics and beacons equally predict a charitys success. The Lundquists gift was made in memory of their friend, Leonard Aube, former executive director of the Annenberg Foundation. Donations to Richard C and Melanie Lundquist Family Foundation are tax deductible. The Lundquists are the owners of Continental Development Corporation, a commercial real estate and management company based in El Segundo that oversees 4 million square feet of premium office, commercial, hospitality, retail, entertainment, restaurant, and research and development properties - including the 30-acre Sky Park Complex in Torrance, Their gifts have created the partnership for Los Angeles Schools, a sustainable turnaround model for underserved non-charter K-12 public schools, and they have helped innovate healthcare delivery and innovation, saving countless lives. When making the donation, Mr. Lundquist recognized Aubes inspirational plans for AltaSea, He had an inexplicable passion for what AltaSea could be for our young people, for entrepreneurs interested in the blue economy and most importantly for helping find solutions to combat climate change. The owner of the Continental Development Corporation went on to say, Melanie and I felt compelled to ensure that any money we would give to AltaSea should advance Lens memory and in doing so, recognize the investment of time and resources he made along with Wallis Annenberg and the Annenberg Foundation., McOsker says, This gift from Richard and Melanie Lundquist is a wonderful tribute to Len and inspires us even more to realize our campus of innovation, discovery, and education on ocean sustainability., McOsker points out that their fundraising activities continue, and he is grateful to the organizations and individuals who have supported and continue to support AltaSeas efforts to raise the funds to make required improvements to the buildings and infrastructure. Denny Sanford. Terms & Conditions. Like many foundations in Southern California, the Lundquist Family Foundation is connected to the real estate industry. and discoveries. Check out IPs directory of philanthropy and fundraising consultants. Click here to search for this organization's Forms 990 on the IRS website (if any are available). When he showed me the plans on paper for AltaSea, he made them jump off the page. Warren Buffett Chairman of Berkshire Hathaway $758.8 million Biggest gift: $474.3 million to Susan Thompson Buffett Foundation 4. She also thinks Congress should bar foundations from paying the salaries and travel expenses of a foundations family members so the foundation can meet more robust payout obligations. Charles Lundquist founded the company in 1969, Richard Lundquist became its president in 1988 and the company has entered the medical office market since that time. World-renowned California architectural firm Gensler designed the entire AltaSea campus. Something else to know about the Lundquist Family Foundation is that it does not accept unsolicited funding requests. In February 2015, just before Aube's passing, AltaSea supporters and friends of Len including Richard and Melanie Lundquist along with elected officials including Los Angeles Mayor Eric Garcetti, gathered at AltaSea to celebrate the dedication of the newly-named "Leonard Aube Way"the avenue approaching AltaSea. Our philanthropic journey has been our richest experience. By the time Melanie and Richard Lundquist signed the Giving Pledge in 2018, they had already given about $190 million, primarily to education and health care nonprofits. (tie) Marc and Lynne Benioff . The percentage each beacon contributes to the organizations overall rating depends on the number of beacons an organization has earned. We are unable to fully display the content of this page. Check out IPs full profile of the Richard C. and Melanie Lundquist Family Foundation in our LA and SoCal Funding Guide to learn more. One of the best ways nonprofits can build relationships with donors like her is to tell good stories about their successes, she said. Lundquist had strong words for her fellow philanthropists. Help us get you more of the nonprofit information you need, including: An email has been sent to the address you provided. Currently, we require either an Accountability & Finance beacon or an Impact & Results beacon to be eligible for a Charity Navigator rating. Melanie and Richard Lundquist stand inside the new administrative, research and incubator building. LOS ANGELES, Nov. 21, 2019 /PRNewswire/ -- Southern California philanthropists Richard and Melanie Lundquist have made a $5 million gift to AltaSea at the Port of Los Angeles to advance ocean . Other discoveries may include new medicines and other ways to improve our daily lives. McOsker concludes, AltaSeas task is not to make these discoveries, but to create an environment that serves as a platform for others to make this possible and inspire future generations, just as we were inspired by our space program.. Register now. Estimates indicate the complete renovation and construction will cost upwards of $150 million. Finding true systemic solutions to improve struggling public schools motivated her and her husband to help start the Partnership for Los Angeles Schools, she explained. View original content:http://www.prnewswire.com/news-releases/california-philanthropists-richard-and-melanie-lundquist-donate-5-million-to-altasea-at-the-port-of-los-angeles-300963334.html, Plus500. 30. 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