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Deadline Detroit | Billionaire Eli Broad, Who Gave Generously to Michigan State, Dies at 87


Eli Broad
Billionaire philanthropist Eli Broad, a Michigan State University alum, who donated tens of millions of dollars to the school, died Friday at Cedars-Sinai Medical Center in Los Angeles  The New York Times reports. He was 87.
Broad, who died after battling a long illness, made his fortune in the home-building and insurance business. The Times reports he donated significant money to make Los Angeles one of the world’s cultural capitals.
He also gave generously to Michigan State, as the Lansing State Journal reports:
MSU s graduate and undergraduate business program are named for the 1954 graduate. So is the Eli and Edythe Broad Art Museum. ....

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Billionaire businessman, MSU donor Eli Broad dies at 87


Billionaire businessman, MSU donor Eli Broad dies at 87
(Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Richard Vogel/AP
FILE - In this Sept. 16, 2015 file photo, Eli Broad and his wife, Edythe, stand for a photo amid Jeff Koons sculptures at his new museum called The Broad in downtown 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/Richard Vogel, File)
By:
ALEX VEIGA ....

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Eli Broad, the Proudly 'Unreasonable' Art Collector Who Changed the Cultural Landscape of Los Angeles, Dies at 87


Eli and Edythe Broad. Photo courtesy of the Eli and Edythe Broad Foundation.
Billionaire art collector, philanthropist, and entrepreneur Eli Broad a towering figure in the cultural scene of the United States, and most of all, in his adopted hometown of Los Angeles has died at 87. His reign culminated with the founding of the Broad, a contemporary art museum showcasing the collection he and his wife, Edythe Broad, built together, which opened in 2015.
In his cultural pursuits, business activities, and education and science philanthropy, Broad proudly proclaimed himself “unreasonable.” (The title of his 2012 book was 
The Art of Being Unreasonable.) He helped define what it meant to be a 21st century philanthropist, importing the kind of high expectations, metrics, and authority he embraced in business into his charitable activities. This approach, which he has described as “venture philanthropy,” made him widely influential and also divisive. ....

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