from 8 AM - 9 PM ET. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. It will host programs on a variety of topics related to ocean exploration. Another existing warehouse, Berth 57, will serve as the new home for the SCMI. We recognize that not all metrics and beacons equally predict a charitys success. Give the page a little longer to finish Rohini, is the founder of Arghyam, a foundation that seeks to . Pit Foundation Inc (EIN# 260578411) is an tax exempt organization filed with Internal Revenue Service (IRS). That led to a 50- year lease with the city of Los Angeles, a $46 million grant from the Los Angeles Harbor Department and the creation of AltaSea in 2014. loading and try your donation again. It is here where AltaSea will erect its Visitor Engagement Center. Personal Ties Guide L.A. Couple's $190 Million in Giving to Schools and Hospitals. "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.". A GuideStar Pro report containing the following information is available for this organization: This information is only available for subscribers and in Premium reports. Cision Distribution 888-776-0942 Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Holdfast Aquaculture and Transparent Sea are engaged in establishing sustainable food sources. If the problem persists contact us. Real estate developers . A searchable database with more information on the donors and their beneficiaries is available atphilanthropy.com. Want to see how you can enhance your nonprofit research and unlock more insights? Want to see how you can enhance your nonprofit research and unlock more insights? 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. She also said one of the best paths to ending systematic racism is to improve access to education and close the digital divide for students from underserved neighborhoods. Check back later to see if this organization has a rating history! When he showed me the plans on paper for AltaSea, he made them jump off the page, Richard Lundquist said. After renovation, on-campus educational opportunities abound. Creating economic opportunities for future generations. Gift commemorates late Annenberg Foundation Executive Director Leonard Aube. Try a low commitment monthly plan today. 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 . Already have a GuideStar Account? 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. We leverage finance and accountability data from it to form Encompass ratings. Additional curriculum was developed and implemented at the Alliance Alice M. Baxter College-Ready High School in San Pedro. Ratings are calculated from one or more beacon scores. 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. The recognizing date of the exempt status is March, 2014. Register now. They operate out of the La Kretz Blue Economy Incubator at AltaSea. 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. Development and implementation of these activities will resume when the COVID-19 situation stabilizes and school resumes. Rating histories are available for a growing number of rated organizations. She thinks Congress should work harder to increase foundation payout requirements beyond the 5 percent grant makers are currently required to give each year. (tie) Marc and Lynne Benioff . This organization has been in operation for 21 years, which makes it slightly younger than other nonprofits in the state. Biggest gift: $50 million to McPherson College . Educational opportunities on-campus and off-campus play a vital role in AltaSeas mission. 31 Adrienne Arsht: Businesswoman; $62.4 million. Steve has expanded his photographic talents to include portraits and group photography, special event photography as well as live performance and athletics. please try again later. Currently, the Boeing Company leases space to test the 51 ft. UURV, Echo Voyager. Revenue and expense data is not available for this organization. 2023 Fortune Media IP Limited. 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. 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. or subscribe. Melanie Lundquist is not afraid to speak her mind about where she and her husband think philanthropists need to focus their giving and what role philanthropy must play in society today. Offers may be subject to change without notice. Help us get you more of the nonprofit information you need, including: An email has been sent to the address you provided. AltaSea accelerates scientific collaboration, facilitates job creation, and inspires the next generation to create solutions for a more sustainable ocean. Project Blue @ Weekends provides students of all ages and their parents the ability to engage in weekly hands-on contest opportunities to develop solutions for global challenges. Biggest gift: $65 million to Marine Corps Scholarship Foundation. 30 Richard and Melanie Lundquist: Real estate developers; $62.8 million. The foundation supports organizations involved with arts and culture, K-12 and higher education, and human services. To view the original article, click here. All Rights Reserved. The Port of Los Angeles has always played a vital role in the supporting the economy of Southern California. For more information on AltaSea, please see our website:https://altasea.org. to get more GuideStar Nonprofit Profile data today! 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 . For more information on AltaSea, please see our website:https://altasea.org. Denny Sanford. Apply to join the directory. 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 . Stuart and Molly Sloan . Powered and implemented by Interactive Data Managed Solutions. Equality in education is one of the most important civil rights, Lundquist said. Steve serves as a volunteer ranger for the Catalina Island Conservancy and uses this opportunity to document the flora and fauna of the islands interior as well as photograph special events and activities. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. (tie) Marc and Lynne Benioff . President of Bezos Family Foundation (Jacklyn) and retired engineer (Miguel) $710.5 million. Tim McOsker, Chief Executive Officer of AltaSea, states, During the previous century, man explored space and benefitted from the knowledge gained and many innovations that were an outgrowth of the space program. 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 1 to serve as a home for the AltaSea campus. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AltaSea at the Port of Los Angeles is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation, and inspiring the next generation, all for a more sustainable, just and equitable world. $62.8 million . This five-year fellowship program seeks to further develop students who have demonstrated outstanding . Richard Lundquist is the president of the Continental Development Corporation, an El Segundo, California-based commercial real estate and management company. The Chronicle recently invited Melanie Lundquist to share her thoughts in an online briefing on the role philanthropy should play during this historic moment of crises. $62.8 million . Click here to resend it.). Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Are Cows causing Climate Change? Currently, AltaSea is working with potential partners for the expansion of the AltaSea vision on this parcel. "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. The largest gift in the college's 135-year history is the largest gift made by the Lundquists outside their native California. Southern California philanthropists and real-estate investors Richard and . 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. Business . Real estate developers . $62.8 million . Students and instructors from California Institute of Technology (Cal Tech) have used AltaSeas waterside access to conduct tests and research on the UURVs they develop in their labs at the Jet Propulsion Laboratory (JPL). The percentage each beacon contributes to the organizations overall rating depends on the number of beacons an organization has earned. In the case of the Partnership for Los Angeles Schools, the Lundquists go to the schools and get to know students, parents, teachers, and the principals. Click on the link in that email This is typical for the foundation, which often gives less than $100,000 in total per year. She writes about wealthy philanthropists, arts organizations, key trends and insights related to high-net-worth donors, and other topics. $62.4 million . The Form 990 is a document that nonprofit organizations file with the IRS annually. 1 in the Port of Los Angeles, is scheduled for completion next year. 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 Learn more about the BMF on the IRS website, Private non-operating foundation (BMF foundation code: 04), Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). Melanie and her husband Richard are agents of change and two of California's most . Richard and Melanie Lundquist Apr 2014 . During the event, Wallis Annenberg, Chairman, President and CEO of the Annenberg Foundation, said: "The ocean may be the most precious public resource we have, a life source unlike any other on the planet. Biggest gift: $25 million Atlantic Council ____ 32. Estimates indicate the complete renovation and construction will cost upwards of $150 million. Project Blue @ Summer is scheduled to launch on June 15th. AltaSeas business center, located at City Dock No. 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 . She said wealthy donors should give every penny thats been tax deducted in their private foundations and donor-advised funds to nonprofits that help people who are most in need. This South Bay natives photographic journey began after receiving his first 35 mm film camera upon earning his Bachelor of Arts degree. 1 in the Port, is scheduled to be completed next year. We lost Len way too soon. Its that kind of personal connection that moves me.. 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. Is an tax exempt organization filed with Internal Revenue Service ( IRS ) you more of the AltaSea vision this... City Dock No to further develop students who have demonstrated outstanding civil rights, Lundquist said Bachelor of degree! 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