the broads

Contemporary art has been an important facet of Eli and Edythe Broad’s philanthropy for more than 40 years. Eli Broad is a renowned business leader who built two Fortune 500 companies from the ground up over a five-decade career. He is the founder of both SunAmerica Inc. and KB Home (formerly Kaufman and Broad Home Company).

Today, Eli Broad and his wife, Edythe, are devoted to philanthropy as founders of The Broad Foundations, which they established to advance entrepreneurship for the public good in education, science and the arts. The Broad Foundations, which include The Eli and Edythe Broad Foundation and The Broad Art Foundation, have assets of $2.5 billion.

The primary work of The Eli and Edythe Broad Foundation is to dramatically improve urban K-12 public education through better governance, management, labor relations and competition. The Broad Foundation also invests in advancing innovative scientific and medical research in the areas of human genomics, stem cell research and inflammatory bowel disease.

The Eli and Edythe Broad Foundation additionally contributes to a number of arts initiatives and institutions in Los Angeles and around the country. As of January 2008, The Foundation’s wide-ranging support has included $23.2 million for the Broad Art Center at UCLA, and $26 million for the Eli and Edythe Broad Art Museum at Michigan State University, the completion of which is expected in 2010. The Broad Foundation’s support of each of these institutions is designed to advance public appreciation for contemporary art.

Mr. Broad was the founding chairman and is a life trustee of The Museum of Contemporary Art in Los Angeles, and he is a trustee of The Museum of Modern Art in New York and vice chairman of the Los Angeles County Museum of Art.

Mr. and Mrs. Broad reside in Los Angeles.