All rights reserved. "The entire AltaSea team is honored and humbled to follow in the footsteps of Len Aube as we work to bring the vision to reality," said Tim McOsker, CEO of AltaSea. Pit Foundation Inc (EIN# 260578411) is an tax exempt organization filed with Internal Revenue Service (IRS). They operate out of the La Kretz Blue Economy Incubator at AltaSea. please try again later. Required fields are marked *. Your donation attempt encountered a problem. Program Takes a Unique Approach to Participatory Grantmaking Putting it to a Vote, Passing the Torch: A Family Foundation Empowers Dozens of Young Philanthropists, A Look at How the Majestic Realty Foundation Supports Los Angeles Nonprofits, The Regional Arts Philanthropy Boom, So Cal Style: The OCMA Gets a New Home, A New Space for Old Folks: An L.A. Funder Is Pioneering the Future of Senior Centers, Seven Questions for Nichol Whiteman, CEO of the Los Angeles Dodgers Foundation, Intergenerational Music-Making: How One Funder's Tackling Loneliness and Division, Richard C. And Melanie Lundquist Family Foundation. 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.. When he showed me the plans on paper for AltaSea, he made them jump off the page, Richard Lundquist said. Additional learning experiences were developed in cooperation with the Cabrillo Marine Aquarium (CMA). It will host programs on a variety of topics related to ocean exploration. You're faster than our page! from 8 AM - 9 PM ET. Adrienne Arsht . (tie) David Frederick and Sophia Lynn, Biggest gift: $35 million to University of Oxford, Biggest gift: $40 million to Augustana College. The Port of Los Angeles has always played a vital role in the supporting the economy of Southern California. 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. President of Bezos Family Foundation (Jacklyn) and retired engineer (Miguel) $710.5 million . to try again. Richard C and Melanie Lundquist Family Foundation cannot currently be evaluated by our Accountability & Finance methodology because it files Form 990-PF, as required of Private Foundations. Business . Instead, this foundation maintains a fairly low profile and only contributes to preselected organizations that it seeks out. 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. $62.4 million . "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.". Salesforce . 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 . FORTUNE may receive compensation for some links to products and services on this website. 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. 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. 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. (Wally Skalij / Los Angeles Times) The Lundquists made their fortune through Continental. and discoveries. Unable to update subscription. 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 AltaSea began with a grant from the Annenberg Foundation to conduct a visioning study for the new home of the Southern California Marine Institute, which will be relocated from its Terminal Island headquarters. Biggest gift: $81 million to Craig Newmark Foundation and Craig Newmark Philanthropic Fund ____ 25. Biggest gift(s): $50 million apiece to Boys & Girls Clubs of Greater Cincinnati, Catholic Inner City Schools Education Foundation, Notre Dame Law School, St. Xavier High School, Xavier University . Richard C and Melanie Lundquist Family Foundation cannot currently be evaluated by our Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on contributions from individual donors.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. 1 in the Port of Los Angeles, is scheduled for completion next year. 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 . $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. "We lost Len way too soon. (tie) Marc and Lynne Benioff . Cision Distribution 888-776-0942 $62.8 million. (Don't see an email in your inbox? Contact the City News Service newsroom at 310-481-0404 or news@socalnews.com. The recognizing date of the exempt status is December, 2007. 2023 Fortune Media IP Limited. 2041 ROSECRANS AVE STE 200El Segundo CA 90245-4792, El SegundoCA | IRS ruling year: 2001 | EIN: 95-4872582. 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, Sign in. Please refresh the page Working with the staffs and boards of the nonprofits she and her husband support helps the couple stay engaged with the charities work and with the people each nonprofit is working to help. We are unable to fully display the content of this page. They gave one of their biggest and most consequential gifts in 2007 when they donated $50 million to help create the Partnership for Los Angeles Schools, an effort to improve . $62.4 million . Background: Mr. Lundquist is owner and president of Continental Development Corporation, a commercial real-estate and management company in El Segundo, Calif. 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.. 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. (tie) Marc and Lynne Benioff . 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 . If it is your nonprofit, add a problem overview. Register now. 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. 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. 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. Since 2000, the Richard C. and Melanie Lundquist Family Foundation has been engaged in philanthropy in Southern California, supporting local nonprofits with small grants of a few hundred or thousand dollars each. Richard C and Melanie Lundquist Family Foundation is a tax exempt organization located in El Segundo, California. You may then be asked to log in, create an account if you don't already have one, Warren Buffett Chairman of Berkshire Hathaway $758.8 million Biggest gift: $474.3 million to Susan Thompson Buffett Foundation 4. I'm excited to share some of our newest plans, and I'm especially pleased that we'll be dedicating 'Leonard Aube Way' to my great friend and the Executive Director of the Annenberg Foundation, Leonard Aube.". World-renowned California architectural firm Gensler designed the entire AltaSea campus. . High school and middle school students can take advantage of AltaSeas extended learning opportunities that develop their STEM skills. In November 2019, Melanie and Richard Lundquist donated $5 million dollars to AltaSea. During their study of robotics, students received assistance from U.S. Navy personnel. Key Persons data is currently unavailable for this organization. Like many foundations in Southern California, the Lundquist Family Foundation is connected to the real estate industry. However, the foundation is also known for awarding an occasional large grant, such as a $70 million unrestricted gift to the Los Angeles Biomedical Research Institute, which was renamed the Lundquist Institute upon receipt of this sizable donation. Biggest gift: $274.3 million to Sergey Brin Family Foundation. Real estate developers. Businesswoman . Cart ID: Not Assigned, Copyright 2022 | EIN 13-4148824 | Bridge ID 3108588923, Total Revenue and Expenses - No Data Available, Salary of Key Persons - No Data Available, IRS Published Data (Business Master File) - Data Available, Data Sources (IRS Forms 990) - Data Available, Learn more about the BMF on the IRS website, Click here to search for this organization's Forms 990 on the IRS website. She argued that current tax laws dont do enough to incentivize big giving from foundations and donor-advised funds. Segundoca | IRS ruling year: 2001 | EIN: 95-4872582 Wally /... Donated $ 5 million for ocean Sustainability Pr this Foundation maintains a fairly low profile only... Off the page, Richard Lundquist said | EIN: 95-4872582 experiences developed! Southern California, the Lundquist Family Foundation filed within the last six years unavailable for this organization charity at! 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