$12.2 billion
up 11%
Brentwood resident Broad’s activity has continued this past year, largely via the synonymous Broad modern art museum in downtown. The 10-year-old institution this spring broke ground on a major expansion which will add 50,000 square feet of gallery space – upping its total display space by 70%. The construction will also add two open-air courtyards and a live programming space. The museum is a signature part of the legacy of Broad and her late husband, Eli, whose wealth was largely sourced from his two Fortune 500 companies KB Home and SunAmerica. “It has been wonderful to see so many people enjoying art at The Broad,” Broad, 89, said in a statement at the April groundbreaking. “It has succeeded beyond my and Eli’s wildest dreams. Expanding the museum reflects our belief in the importance of art as a resource for everyone and in the vision Eli and I shared for Los Angeles as a world art capital.” Officials are aiming to wrap construction of this
expansion in time for the 2028 Summer Olympics. Outreach: In addition to the Broad Foundation’s continuing support of initiatives in the educational, journalism and employment spaces, the organization also directed donors to a variety of charities to immediately support January wildfire relief.
