Eli Broad
Founder at The Broad Institute, Inc.
Profile
Eli Broad (; born June 6, 1933) is an American businessman and philanthropist from Detroit, Michigan who resides in Los Angeles, California.
Early life and career
Broad was born in the Bronx, the only child of Lithuanian Jewish immigrant parents. His father was a house painter, and his mother a dressmaker. His family moved to Detroit when he was six years old. In Detroit his father operated five-and-dime stores and his mother resumed work as a dressmaker. Broad attended Detroit Public Schools. In 1951, he graduated from Detroit Central High School. He then attended Michigan State University, majoring in accounting with a minor in economics and graduating cum laude in 1954. That same year, the twenty-one-year-old Broad married eighteen-year-old Edythe 'Edye' Lawson. Broad went on to earn the distinction of becoming the youngest Michigan resident to have attained the credentials of Certified Public Accountant (CPA)citation needed|date=August 2012. Prior to entering the home building business, Broad worked as an accountant for two years.
Kaufman and Broad
In 1957, Broad went into business with Donald Kaufman, who was a home builder and related to his wife, Edye. Broad financed his end of the enterprise with $25,000 borrowed from his wife's parents. Kaufman and Broad Home Corporation (now KB Home) recognized the type of housing that would appeal to a new generation of Detroit home buyers flocking to the suburbs. These family homes followed a template of homogeneous design, what became identified as tract housing. The Kaufman and Broad model invariably featured an attached carport and omitted the basement. They christened this model the 'Award Winner' and priced it at $13,700. Fourteen homes were sold the first weekend.
Philanthropy
[District 7 HQ.jpg|thumb|right|220px|The Eli and Edythe Broad Plaza in front of the Caltrans District 7 Headquarters]
Eli and Edythe Broad are the founders of The Broad Foundations, with the mission of advancing entrepreneurship for the public good in education, science and the arts. In doing this, the foundation focuses on the arts and culture in Southern California, championing the revitalization of downtown Los Angeles, and reforming K-12 public education across the United States. The Broad Foundations, which include The Eli and Edythe Broad Foundation and The Broad Art Foundation, have assets of $2.1 billion.citation needed|date=August 2012
In 2010, Broad backed 'The Giving Pledge,' an initiative started by fellow billionaires Warren Buffett and Bill and Melinda Gates for rich Americans to give at least half of their wealth to charity. Eli and Edythe Broad committed to give 75 percent of their wealth to philanthropy during or after their lifetimes.citation needed|date=August 2012 In 2010, Broad gave $10 million to the Washington, D.C. Public Education Fund, $2.2 million to the Education Innovation Laboratory at Harvard, and $2 million to a Los Angeles charter-schools foundation.[ Jewish Philanthropy: '
Source @ Wikipedia
Eli Broad active positions
Companies | Position | Start |
---|---|---|
Museum Associates
Museum Associates Other Consumer ServicesConsumer Services Museum Associates operates museums and organizes art exhibits. The company shares its collection through exhibitions, public programs, and research facilities. The company was founded in 1910 and is headquartered in Los Angeles, CA. | Director/Board Member | - |
The Museum of Contemporary Art, United States
The Museum of Contemporary Art, United States Other Consumer ServicesConsumer Services The Museum of Contemporary Art, Los Angeles operates a gallery for contemporary art. It services include collection, presentation, and interpretation of art and to preserving for future generations. The company was founded in 1979 and headquartered in Los Angeles, CA. | Director/Board Member | 2011-02-10 |
The Eli & Edythe L. Broad Foundation
The Eli & Edythe L. Broad Foundation Financial ConglomeratesFinance Founded by Eli Broad, the Eli & Edythe L. Broad Foundation is a charitable foundation located in Los Angeles. The foundation seeks to advance entrepreneurship for the public good in education, science and the arts. | Corporate Officer/Principal | - |
The Broad Institute, Inc.
The Broad Institute, Inc. BiotechnologyHealth Technology The Broad Institute, Inc. engages in the provision of research and development in biomedicals to cure infectious disease. Its scientific areas include chemical biology and therapeutics, genome regulation, cellular circuity and epigenomics, medical and population genetics, and metabolism. The company was founded by Eric S. Lander, Eli Broad and Edythe Broad in 2003 and is headquartered in Cambridge, MA. | Founder | 2002-12-31 |
Former positions of Eli Broad
Companies | Position | End |
---|---|---|
AIG SunAmerica, Inc.
AIG SunAmerica, Inc. Financial ConglomeratesFinance AIG SunAmerica sells a variety of investment products, including fixed annuities (AIG Annuity Insurance), group retirement products (AIG VALIC), individual variable annuities (AIG SunAmerica Life Assurance and First SunAmerica Life Insurance), and mutual funds (AIG SunAmerica Asset Management). AIG SunAmerica also offers institutional products, including guaranteed investment contracts (GICs). AIG SunAmerica is a subsidiary of AIG. | Chairman | 2006-03-22 |
The Broad Foundations
The Broad Foundations Financial ConglomeratesFinance The Broad Foundations is a reform organization. It focuses its grantmaking in four common areas: education, science, arts, and civic. The company was founded by Eli Broad and Edythe L. Broad and is headquartered in Los Angeles, CA. | Founder | - |
The Museum of Modern Art
The Museum of Modern Art Other Consumer ServicesConsumer Services The Museum of Modern Art exhibits modern and contemporary art. The organization was founded by Alfred H. Barr in 1929 and is located in New York, NY. | Director/Board Member | - |
Training of Eli Broad
Michigan State University | Undergraduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
Private companies | 7 |
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AIG SunAmerica, Inc.
AIG SunAmerica, Inc. Financial ConglomeratesFinance AIG SunAmerica sells a variety of investment products, including fixed annuities (AIG Annuity Insurance), group retirement products (AIG VALIC), individual variable annuities (AIG SunAmerica Life Assurance and First SunAmerica Life Insurance), and mutual funds (AIG SunAmerica Asset Management). AIG SunAmerica also offers institutional products, including guaranteed investment contracts (GICs). AIG SunAmerica is a subsidiary of AIG. | Finance |
The Eli & Edythe L. Broad Foundation
The Eli & Edythe L. Broad Foundation Financial ConglomeratesFinance Founded by Eli Broad, the Eli & Edythe L. Broad Foundation is a charitable foundation located in Los Angeles. The foundation seeks to advance entrepreneurship for the public good in education, science and the arts. | Finance |
The Museum of Modern Art
The Museum of Modern Art Other Consumer ServicesConsumer Services The Museum of Modern Art exhibits modern and contemporary art. The organization was founded by Alfred H. Barr in 1929 and is located in New York, NY. | Consumer Services |
The Broad Institute, Inc.
The Broad Institute, Inc. BiotechnologyHealth Technology The Broad Institute, Inc. engages in the provision of research and development in biomedicals to cure infectious disease. Its scientific areas include chemical biology and therapeutics, genome regulation, cellular circuity and epigenomics, medical and population genetics, and metabolism. The company was founded by Eric S. Lander, Eli Broad and Edythe Broad in 2003 and is headquartered in Cambridge, MA. | Health Technology |
The Broad Foundations
The Broad Foundations Financial ConglomeratesFinance The Broad Foundations is a reform organization. It focuses its grantmaking in four common areas: education, science, arts, and civic. The company was founded by Eli Broad and Edythe L. Broad and is headquartered in Los Angeles, CA. | Finance |
Museum Associates
Museum Associates Other Consumer ServicesConsumer Services Museum Associates operates museums and organizes art exhibits. The company shares its collection through exhibitions, public programs, and research facilities. The company was founded in 1910 and is headquartered in Los Angeles, CA. | Consumer Services |
The Museum of Contemporary Art, United States
The Museum of Contemporary Art, United States Other Consumer ServicesConsumer Services The Museum of Contemporary Art, Los Angeles operates a gallery for contemporary art. It services include collection, presentation, and interpretation of art and to preserving for future generations. The company was founded in 1979 and headquartered in Los Angeles, CA. | Consumer Services |