See rating report below to learn why this organization is not currently eligible. Richard C and Melanie Lundquist Family Foundation. She thinks Congress should work harder to increase foundation payout requirements beyond the 5 percent grant makers are currently required to give each year. Total revenues $10,000 2020 20122013201420152020$0$20k$40k Total expenses $14,720 2020 20122013201420152020$0$20k Total assets $2,187 2020 Richard and Melanie Lundquist. Biggest gift: $65 million to Marine Corps Scholarship Foundation ____ 30. $62.8 million. Salesforce . Founder of Bloomberg financial news company $1.7 billion Biggest gift: Various 3. Richard and Melanie Lundquist . Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices The couple are real-estate developers but spend much of their time taking a hands-on approach to their philanthropy. Can Philanthropy Help Create a Golden State for the Golden Years? We are unable to fully display the content of this page. After renovation, on-campus educational opportunities abound. The Port of Los Angeles has always played a vital role in the supporting the economy of Southern California. If it is your nonprofit, add a problem overview. Check back later to see if this organization has a rating history! Stuart and Molly Sloan . Already have a GuideStar Account? . This five-year fellowship program seeks to further develop students who have demonstrated outstanding . Ruling year info 2001 Main address 2041 Rosecrans Ave Ste 200 Powered and implemented by Interactive Data Managed Solutions. Our philanthropic journey has been our richest experience. Richard C and Melanie Lundquist Family Foundation is a tax exempt organization located in El Segundo, California. Major funding sources for the project include Economic Development Administration for infrastructure improvements, the Annenberg Foundation, The Rosalinde and Arthur Gilbert Foundation, Crail-Johnson Foundation, The Ralph M. Parsons Foundation, The Kenneth T. and Eileen L. Norris Foundation, Roy and Patricia Disney Family Foundation, Joseph Drown Foundation, Weingart Foundation and Goldhirsh Foundation LA2050. Sign in. The Richard C and Melanie F Lundquist Family Foundation is a corporate foundation in El Segundo, CA, which was founded in 2001 and most recently had $10,000 in revenue and no employees. $62.8 million. The Melanie Finley Ovarian Cancer Foundation, Inc. Watch for Steve Tabor Images on the worldwide web. As a classroom teacher he used photography to share the world and his experiences with his students. Lundquists Donate $5 Million for Ocean Sustainability Pr. AltaSea at the Port of Los Angeles Press Release, California Philanthropists Richard and Melanie Lundquist Donate $5 Million to AltaSea at the Port of Los Angeles, Sharefest Receives $1 Million From Melanie and Richard Lundquist, Lundquists Commit $70 Million to LA Biomedical Research Institute, Minderoo Foundation Launches Marine Research Initiative, Annenberg Foundation Pledges $20 Million for AltaSea Project, MacKenzie Scott launches giving website, details charitable process, Mormon Church obscured control of $32 billion portfolio, SEC finds, Applications and funding surge at HBCUs following racial reckoning, Citi Foundation launches $25 million food security initiative, Community-based efforts to reduce gun violence launched in four cities, Carnegie Mellon, Rales Foundation launch $150 million STEM initiative. Biggest gift: $617 million to Laura and John Arnold Foundation. Prior to his death and during the grand opening celebration for AltaSea, in recognition of his leadership and energies on behalf of the citizens of the City of Los Angeles and the Annenberg Foundation, Mayor Eric Garcetti and the Los Angeles City Council designated a portion of 22nd Street that fronts the AltaSea campus as Leonard Aube Way. "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.". All Rights Reserved. Richard and Melanie Lundquist signed the Giving Pledge in 2018. Through the efforts of the businesses and educational opportunities provided by AltaSea and its partners, it is apparent that we will not only look to the Port of Los Angeles to support our economy, but to play a vital role in creating sustainable energy and food sources as well as developing economic opportunities beyond those previously dreamed of. Donations to Richard C and Melanie Lundquist Family Foundation are tax deductible. That way they know what the obstacles are, and they can help to find sustainable solutions. (tie) David Frederick and Sophia Lynn, Biggest gift: $35 million to University of Oxford, Biggest gift: $40 million to Augustana College. 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. The recognizing date of the exempt status is December, 2007. Background: Mr. Lundquist is owner and president of Continental Development Corporation, a commercial real-estate and management company in El Segundo, Calif. That led to a 50-year lease with the City of Los Angeles, a $46 million grant from the Los Angeles Harbor Department, and eventually, the incorporation of a stand-alone nonprofit, AltaSea, in 2014, with a Board of Trustees comprised of leaders in business, politics and civic life. "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.". The site will make use of converted warehouses as well as newly constructed buildings to house research facilities and a science center, and will provide connections to entrepreneurial start- ups. from 8 AM - 9 PM ET. 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. Sign up for our email updates. 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. Terms & Conditions. Biggest gift: $50 million to . Southern California philanthropists Richard and Melanie Lundquist announced Thursday, Nov. 22, that they provided $5 million to AltaSea, a nonprofit organization that operates at the Port of Los Angeles, so it can conduct ocean-sustainability programs. A GuideStar Pro report containing the following information is available for this organization: This information is only available for subscribers and in Premium reports. $62.4 million . Please refresh the page Holdfast Aquaculture and Transparent Sea are engaged in establishing sustainable food sources. AltaSea began with a grant from the Annenberg Foundationto conduct a visioning study for the new home of the Southern California Marine Institute (SCMI), which will be relocating from its Terminal Island headquarters. Biggest gift: $50 million . 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. Jacklyn and Miguel Bezos President of Bezos Family Foundation (Jacklyn) and retired engineer (Miguel) $710.5 million Montauk Technologies, LLC assists with developing companies specializing in ocean sustainability and climate change using technology and intellectual properties. Theyve also given large sums to Torrance Memorial Medical Center, the Lundquist Institute, and other organizations. The last parcel slated for development in Phase 1 is the open space adjacent to Berth 57. Real estate developers. Maria directs the annual Philanthropy 50, a comprehensive report on Americas most generous donors. The activities focused on aquaculture and robotics that featured hands-on opportunities. 30. Sign in or create an account to view Form(s) 990 for 2020, 2019 and 2018. Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. The foundation supports organizations involved with arts and culture, K-12 and higher education, and human services. 7. The AltaSea campus is designed to house ocean-based businesses and technologies, research laboratories, provide opportunities for students of all ages to further their knowledge in Science, Technology, Engineering and Mathematics (STEM) and develop and expand career paths as well as create economic opportunities in related fields and industries. Copyright 2021 AltaSea. Richard and Melanie Lundquist. Biggest gift: $81 million to Craig Newmark Foundation and Craig Newmark Philanthropic Fund ____ 25. $62.8 million . Richard C and Melanie Lundquist Family Foundation cannot currently be evaluated by our Leadership & Adaptability methodology because we have not received data from the charity regarding its leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes.Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization. The Partnership for Los Angeles Schools is an example of a public-private partnership. One of the best ways nonprofits can build relationships with donors like her is to tell good stories about their successes, she said. Mr. McOsker goes on to say, Any of the funds raised from leases or usage fees go directly towards the ongoing costs related to the upkeep of the facility and its operating costs.. 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 This organization has no recorded board members. 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 . Check out IPs full profile of the Richard C. and Melanie Lundquist Family Foundation in our LA and SoCal Funding Guide to learn more. to try again. Richard Lundquist is the president of the Continental Development Corporation, an El Segundo, California-based commercial real estate and management company. Click here to resend it.). 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, For more information on AltaSea, please see our website:https://altasea.org. Instead, this foundation maintains a fairly low profile and only contributes to preselected organizations that it seeks out. They invested an additional $35 million in the partnership in 2019. Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. 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. 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. Built on a historic pier with access to the deep ocean, AltaSea's campus brings people together to expand science-based understanding of the ocean; incubate and sustain ocean-related business; and pioneer new ocean-related education programs. Click on the link in that email Check out IPs directory of philanthropy and fundraising consultants. $62.8 million . In other sections of the Center, visitors will have the opportunity to interact with exhibits and displays related to the work being done by researchers and industry leaders. Initially, The Boys and Girls Clubs of the LA Harbor participated in the Project Blue curriculum. Business . Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. $190 MILLION FOR STARTERS: Melanie and Richard Lundquist plan to give away much of the rest of their fortune before they die, maintaining a focus on public education and health care. The people, governance practices, and partners that make the organization tick. Systemic change requires donors to work within the system, she said. The Lundquists' gift was made in memory of their friend Leonard Aube, the late Executive Director of the Annenberg Foundation who died in 2015 from colorectal cancer and was the driving force behind the creation of AltaSea. and discoveries. please try again later. (tie) Marc and Lynne Benioff . Biggest gift: $65 million to Marine Corps Scholarship Foundation ____ 30. Sergey Brin. Real estate developers . This organization has been in operation for 21 years, which makes it slightly younger than other nonprofits in the state. Launched in 2015 with a $20 million gift from the Annenberg Foundation, AltaSea is focused on expanding science-based understanding of the ocean . Southern California philanthropists and real-estate investors Richard and . 30 Richard and Melanie Lundquist: Real estate developers; $62.8 million. High school and middle school students can take advantage of AltaSeas extended learning opportunities that develop their STEM skills. She writes about wealthy philanthropists, arts organizations, key trends and insights related to high-net-worth donors, and other topics. She argued that current tax laws dont do enough to incentivize big giving from foundations and donor-advised funds. 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 . Melanie and Richard Lundquist commit $25 million to McPherson College May 24, 2022 McPherson College in McPherson, Kansas, has announced a $25 million gift from Melanie and Richard Lundquist. Key Persons data is currently unavailable for this organization. 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. A searchable database with more information on the donors and their beneficiaries is available atphilanthropy.com. The Giving Basket is having some issues. Money Services Business Registrations; Moter Carriers; System for Award Management Entities; Such partnerships are important right now, she said, because there isnt enough public money to meet the needs of society today, and its crucial for philanthropy and government to work together to help more people. We recognize that not all metrics and beacons equally predict a charitys success. When he showed me the plans on paper for AltaSea, he made them jump off the page. $62.4 million . This January, they announced publicly an additional $35 million ten-year commitment they made to the Partnership late last year. That led to a 50-year lease with the City of Los Angeles, a $46 million grant from the Los Angeles Harbor Department, and eventually, the incorporation of a stand-alone nonprofit, AltaSea, in 2014, with a Board of Trustees comprised of leaders in business, politics and civic life. Your email address will not be published. Lundquist said K-12 public-school education is a top giving priority because she and her husband believe everyone deserves a top-quality education regardless of where they live or how much money their family makes. Learn more This data is only available if this charity has at least one year of electronically-filed Form 990 data filed within the last six years. Lundquist said she and her husband are driven by a desire to create systemic change, and they look at the big picture of what a nonprofit is trying to do. 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 sustainability programs, announced as a surprise at a November 9 luncheon with AltaSea benefactors at the Lundquist home in the South Bay area of Los Angeles. All rights reserved. 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? Both K-12 education and higher education receive support from the Lundquist family, as well as arts and culture organizations and healthcare groups in California. Project Blue Presents, a unique event on the Battleship Iowa, is scheduled for the evening of October 10, 2020. loading and try your donation again. 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. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Your donation attempt encountered a problem. This data is only available if this charity has at least one year of electronically-filed Form 990 data filed within the last six years. 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," said Richard Lundquist, owner of Continental Development Corporation, adding, "Melanie and I felt compelled to ensure that any money we would give to AltaSea should advance Len's memory and in doing so, recognize the investment of time and resources he made along with Wallis Annenberg and the Annenberg Foundation.". Slightly younger than other nonprofits in the Partnership in 2019, K-12 and higher education and! Organizations involved with arts and culture, K-12 and higher education, and other topics IPs full profile the. If it is your nonprofit, add a problem overview that current tax laws dont do enough to big. With a $ 20 million gift from the Annenberg Foundation, AltaSea is focused on Aquaculture and Transparent Sea engaged... 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