TORRANCE, CA -- (Marketwired) -- 12/17/13 -- Torrance Memorial Medical Center has announced receipt of a $50 million gift -- the largest donation in the history of the non-profit hospital -- from Melanie and Richard Lundquist of Palos Verdes Estates.
Torrance Memorial Medical Center will use the funds to complete its new Main Tower, scheduled to open in fall 2014.
The $50 million gift was announced during the hospital's 30th Annual Holiday Festival Gala on December 6, 2013. The gift ranks among the top-10 philanthropic gifts to health institutions in the United States in 2013, according to a database maintained by the Chronicle of Philanthropy.
"This surprise gift is a game-changer for our hospital, one that will shape the future of the health care we provide to the communities of the South Bay for generations," said Craig Leach, president and CEO, Torrance Memorial. "The Lundquists have generously supported our hospital for many years, but this gift is simply transformational for us and the community. We express our most sincere thanks to the Lundquists for their vision, support and generosity."
The hospital's Main Tower construction began in March 2011. The 390,000 square-foot facility will include seven stories, 256 private rooms, and 18 surgical and interventional treatment rooms with state-of-the-art technology.
The Lundquists, well-known philanthropists in Southern California, supported the new building from the beginning through support of the "Growing for Our Community" fundraising campaign, and serve as capital campaign co-chairs. They give their support to various educational and health care initiatives in the area.
To learn more about the Lundquist Tower visit www.torrancememorial.org/LundquistTower.
About Torrance Memorial Medical Center
Founded in 1925 by Jared Sydney and Helena Childs Torrance, Torrance Memorial Medical Center is a locally governed, 401-bed, non-profit medical center established to provide quality healthcare services, predominantly to the residents of the South Bay, Peninsula and Harbor communities. Torrance Memorial seeks to offer the most current and effective medical technologies rendered in a compassionate, caring manner. In 2012, it joined the ranks of the top hospitals in the nation by earning coveted Magnet® recognition from the American Nurses Credentialing Center, which recognizes nursing excellence.