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Tuesday, July 14, 2020
Tue, Jul 14th, 2020
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Eli Broad
Co-Founder
The Broad Foundations
THE LATEST: Broad has turned his philanthropic efforts to climate change. In early 2020, Broad and his wife, Edythe, gave $9 million to support political candidates and leaders concerned with the climate-change crisis. The Broads have given more than $4 billion to education, science and the arts. They were also among the first to sign the Giving Pledge commitment to donate 75% of their wealth during their lifetimes.
BACKGROUND: Broad and his wife founded the Broad Art Foundation in 1984 and the Eli & Edythe Broad Foundation in 1999. The couple financed the $140 million Broad contemporary art museum in downtown to house the Broad art collections. The museum opened its doors in 2015, offering free admission to the permanent collections. Broad built two Fortune 500 companies, homebuilder KB Home and insurance firm Sun America Investments Inc., which was acquired by AIG. Broad retired from the Broad Foundation in 2017, turning over leadership to Gerun Riley.
YEARS ON THE LA500: 5
Return to the 2020 edition of the LA500.
