Eli Broad, magnate and philanthropist who gave tens of millions to MSU, dies at 87
Eli Broad, magnate and philanthropist who gave tens of millions to MSU, dies at 87
Staff and wire services
AP
In this Thursday, Jan. 6, 2011, file photo, Billionaire Eli Broad attends the unveiling of the Broad Art Foundation contemporary art museum designs in Los Angeles. Eli Broad, the billionaire philanthropist, contemporary art collector and entrepreneur who co-founded homebuilding pioneer Kaufman and Broad Inc. and launched financial services giant SunAmerica Inc., died Friday, April 30, 2021 in Los Angeles. He was 87. (AP Photo/Jae C. Hong, File)
Eli Broad, the billionaire businessman who founded two Fortune 500 companies in different industries and became a dominant philanthropic figure in Los Angeles and longtime donor major to his alma mater Michigan State University, has died. He was 87.
Eli Broad, magnate and philanthropist who gave generously to MSU, dies at 87
Eli Broad, magnate and philanthropist who gave generously to MSU, dies at 87
Staff and wire services
AP
In this Thursday, Jan. 6, 2011, file photo, Billionaire Eli Broad attends the unveiling of the Broad Art Foundation contemporary art museum designs in Los Angeles. Eli Broad, the billionaire philanthropist, contemporary art collector and entrepreneur who co-founded homebuilding pioneer Kaufman and Broad Inc. and launched financial services giant SunAmerica Inc., died Friday, April 30, 2021 in Los Angeles. He was 87. (AP Photo/Jae C. Hong, File)
Eli Broad, the billionaire businessman who founded two Fortune 500 companies in different industries and became a dominant philanthropic figure in Los Angeles and longtime donor major to his alma mater Michigan State University, has died. He was 87.
More than a dozen institutions across the US bear his name or imprint, including the Broad Institute for biomedical research in Cambridge, Massachusetts.
Philanthropist and entrepreneur Eli Broad, who contributed millions of dollars to Michigan State University, died Friday at age 87, representatives announced.
Since 1999, Broad, who founded two Fortune 500 companies in different industries, and his wife, Edythe, had committed more than $5 billion with their foundations to support K-12 public education, scientific and medical research, and the visual and performing arts.
In 2014, Broad and his wife gave MSU a $25 million challenge grant to broaden the scope of the Eli Broad College of Business.
The gift brought the Detroit Public Schools alumni s total giving to MSU to nearly $100 million. As a businessman Eli saw around corners, as a philanthropist he saw the problems in the world and tried to fix them, as a citizen he saw the possibility in our shared community, and as a husband, father and friend he saw the potential in each of us,” said Gerun Riley, president of The Eli and Edythe Broad Foundation.
Eli Broad, Billionaire Entrepreneur Who Reshaped LA, Dies at 87 Suzi Emmerling, a spokeswoman for the Eli and Edythe Broad Foundation, confirmed his death to The New York Times. She told the newspaper that Broad died at Cedars-Sinai Medical Center after a long illness. By Alex Veiga •
Updated 3 hours ago
Getty Images for MOCA
Eli Broad, the billionaire philanthropist, contemporary art collector and entrepreneur who co-founded homebuilding pioneer Kaufman and Broad Inc. and launched financial services giant SunAmerica Inc., died Friday in Los Angeles. He was 87.
Suzi Emmerling, a spokeswoman for the Eli and Edythe Broad Foundation, confirmed his death to The New York Times. She told the newspaper that Broad died at Cedars-Sinai Medical Center after a long illness.