DOCSLIB.ORG

To Download a PDF of an Interview with Eli Broad, Founder, the Broad

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
To Download a PDF of an Interview with Eli Broad, Founder, the Broad Building a Broad Legacy An Interview with Eli Broad, Founder, The Broad Foundations EDITORS’ NOTE After working for arts, what made you decide to When you had the vision for the museum, two years as an accountant, Eli focus on those areas, and are they could you have anticipated this type of Broad founded a home-building interrelated? reception? company with Donald Kaufman. In They are separate focuses, but there No. The attendance is almost three times what 1971, the Kaufman and Broad Home is some relationship among them. we expected, and we have in a way reinvented the Corporation acquired a small life In terms of scientific and medi- American museum. insurance company for $52.1 million cal research, the Broad Institute partners It is very friendly. The building is by Diller that Broad eventually transformed with Harvard and MIT, and it’s our Scofidio + Renfro, who did the High Line New into a retirement savings empire. biggest investment – $700 million and York, re-did Lincoln Center, and are doing an addi- With the merger of SunAmerica into it’s 14 years old; it has 2,500 people and tion to MOMA. It’s a very innovative building. AIG in 1999, Broad stepped down as a $450 million annual research budget. We also don’t have security guards – we have CEO and turned his full-time attention They’ve done wonders there. It’s number visitor service associates. These are young people to philanthropy. Broad is the found- Eli Broad one in the world now in genomics, so we who we give 50 hours of training to, and while ing Chairman and Life Trustee of The feel good about that, and that will be a they ensure the art is protected, they engage the Museum of Contemporary Art in Los Angeles and great part of our legacy. public in everything from the art and artists to a life trustee of the Los Angeles County Museum In California, we funded three stem-cell architecture and even the other cultural institutions of Art, the California Institute of Technology, and research centers at UCLA, USC, and UC San along Grand Avenue. This is a different model than The Museum of Modern Art in New York. He is Francisco. They just celebrated their 10th anniver- having guards in uniform just standing there that also a Fellow of the American Academy of Arts & sary and have made great strides in a number of don’t know anything about art. Sciences and, in 1994, was named Chevalier in areas, so we feel good about that as well. We also have free general admission. the National Order of the Legion of Honour by the For the arts, in September 2015, we opened How important is it for young people to Republic of France. In 2004, he became a Regent of The Broad museum in downtown Los Angeles, and learn about art early on? the Smithsonian Institution by appointment of the the attendance has been well beyond anything we It’s important and helps them become more U.S. Congress and the President, serving until 2009. expected – 1.1 million people to date. What’s most creative and thoughtful. Artists look at the world In 2007, he was awarded the Carnegie Medal of interesting is that our attendees are an average of 12 differently than businesspeople and others and Philanthropy. In 2013, Broad and his wife, Edythe, years younger than the national art museum aver- young people can learn from the artists. were awarded the Simon Prize for Philanthropic age, and furthermore it’s a very diverse audience. How critical has it been that you’ve found Leadership. Broad attended Michigan State In education, we feel strongly about what the right scientific partners? University, graduating with a degree in account- we’ve done to highlight high-quality public char- We’ve been fortunate in getting Eric Lander ing and becoming the youngest CPA in the state’s ter schools by creating The Broad Prize for Public to be the director of the Broad Institute and of history. He authored a book titled, The Art of Charter Schools and, more importantly, The Broad course the partnership we have with Harvard Being Unreasonable: Lessons in Unconventional Center, which trains superintendents and also pub- and MIT and with the board leadership we Thinking. The Broads opened a new contemporary lic school system leaders. They’ve trained 650 peo- have. The Broad Institute has reinvented a way art museum in downtown Los Angeles in September ple who are out there making a difference in public to conduct science by getting people out of 2015. The Broad has free general admission and education. The Broad Center is now accredited to labs and collaborating. We now have platforms was designed by Diller Scofidio + Renfro. give master’s degrees in education leadership. with everything from computer scientists to Why hasn’t there been much success with engineers, physicists, biologists, and chemists ORGANIZATION BRIEF The Broad public education reform? all working together, and their discoveries are Foundations (broadfoundation.org), which There was something called A Nation at Risk made freely available to all. include The Eli and Edythe Broad Foundation about 34 years ago that talked about how our Was it a natural transition for you to go and The Broad Art Foundation, were estab- nation is at risk because of our education system. from business into philanthropy? lished by entrepreneur and philanthropist Eli Progress has been very slow because we have an I’m an entrepreneur, so with everything we Broad and his wife, Edythe, to advance entre- education bureaucracy that doesn’t want change, have done in philanthropy, we have come up with preneurship for the public good in education, and there are teachers’ unions that don’t want to the ideas rather than wait for people to send us science, and the arts. The Broad Foundations see change either. grant applications. invest in improving K-12 public schools, We need greater public school choice, though We have three tests for our philanthropy: will advancing major scientific and medical I don’t support vouchers. We need greater competi- it happen without us? If it’s going to happen any- research to improve human health, and foster- tion among traditional public schools and public way, we don’t get involved. Will it make a differ- ing public appreciation of contemporary art charter schools, magnet schools, and the like. ence 20 or 30 years from now? Are there great, by increasing access for audiences worldwide. Change has not happened fast enough. talented people in an organization who can really Are charter schools the hope for that? make something happen? Looking at the impact that The Broad High-quality public charter schools have led We’re not just in the business of writing checks; Foundation has had in many areas, spe- the way, and they’ve been innovative and have let we are trying to create new things or improve exist- cifically in education, science, and the other traditional public schools follow their lead. ing institutions.• 38 LEADERS POSTED WITH PERMISSION. COPYRIGHT © 2017 LEADERS MAGAZINE, INC. VOLUME 40, NUMBER 2.
Load more

Recommended publications
  • Michigan State University Eli Broad Graduate School of Management
    Michigan State University Eli Broad Graduate School of Management *The information provided in this profile has been written using public information on the Michigan State University, Eli Broad Graduate School of Management, and was not created by Michigan State University for specific use in this publication. RECRUITMENT AND SCHOLARSHIPS/FELLOWSHIPS What programs and initiatives has your school found successful in the recruitment of minority and/or female students? The Michigan State MBA program makes a special effort to recruit talented potential managers from historically underrepresented groups—African- American, Latino(a)/Chicano(a), Asian/Pacific Islander and Native American (ALANA). It does so through a variety of programs and events both on and off campus, including: Multicultural Business Program (MBP) The purpose of the Multicultural Business Program is to improve the recruitment, retention and graduation rate of multicultural students by providing opportunities for them to develop full academic and career potentials. Its programs promote a success philosophy by fostering a positive awareness of personality, gender, physical and cultural differences. The MBP office works with students to identify individual strengths, values, interests and goals. Women in Business Conference The Women in Business Conference, held annually, is co-sponsored by the MBA program’s Graduate Women in Business student association. During the evening conference, we hope to give prospective female MBAs insight into the many career and growth opportunities available after graduate school. Activities include a panel of current women MBA students and recent Broad MBA alumni sharing why they decided to leave the work force to pursue an MBA full time. In addition, they will also address a variety of issues including how to balance their work, school and family priorities; tips for being successful in school and on the job; the benefit of networking with other women; and career opportunities for newly minted MBA graduates.
    [Show full text]
  • Summary Vita Of
    Curriculum Vita of SANJAY GUPTA The Eli & Edythe L. Broad Dean Eli Broad College of Business, Michigan State University N520 Business College Complex, 632 Bogue Street, East Lansing, Michigan 48824-1122 Email: [email protected]; Tel: 517-355-8377; Fax: 517-353-6395 December 2019 Sanjay Gupta is the Eli & Edythe L. Broad Dean, the 11th dean of the Eli Broad College of Business at Michigan State University. Prior to his current role, he was the Russell Palmer Endowed Professor in Accounting and held positions as the Acting Dean, the Associate Dean for MBA and Professional Masters programs, and Chairperson of the Accounting and Information Systems Department in the Broad College. Prior to returning to MSU in 2007, he received tenure and held several positions in the W. P. Carey School of Business at Arizona State University over a 17-year period, including the first Henry & Horne Professorship in Accountancy, Dean’s Council of 100 Distinguished Scholar, and Faculty Director of the Master of Accountancy & Information Systems and the Masters of Taxation programs. Professor Gupta was selected by the Broad College’s Executive MBA Class of 2010 for the Faculty Excellence Award awarded to one faculty each year, and by the Arizona Society of CPAs with the Accounting Education Innovation Award and the Outstanding Educator Award for significant contributions to curricular and co-curricular innovation and development. He was chosen by MSU for the Committee on Institutional Cooperation’s (CIC) Academic Leaders Program and the CIC’s Department Executive Officers’ Seminar. Professor Gupta’s research focuses on corporate and individual tax policy issues.
    [Show full text]
  • Eli and Edythe Broad Foundation and the Broad Art Founda- Tion, Have Assets of $2.7 Billion
    ELI BROAD is a renowned business Eli and leader who built two Fortune 500 companies Edythe from the ground up over a five-decade Broad career in business. He is the founder-chairman Founders of of both SunAmerica Inc. and KB Home (formerly Kaufman and Broad Home The Broad Foundations Corporation). Founding partners Today, Eli Broad and his wife, Edythe, are devoted to philanthropy as founders of the Broad Institute of The Broad Foundations, which they established to advance entrepreneurship of MIT and Harvard 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 Founda- tion, have assets of $2.7 billion. The Broads’ investments in scientific and medical research are focused on three areas: human genomics, stem cell research, and inflammatory bowel disease. In an unprecedented partnership with the Massachusetts Institute of Technol- ogy, Harvard University, and the Whitehead Institute, the Broads in June 2003 announced the $100 million founding gift to create The Eli and Edythe Broad Institute for biomedical research. The institute’s aim is to realize the promise of the human genome to revolutionize clinical medicine and to make knowledge freely available to scientists around the world. They gave a second $100 million gift to the Broad Institute in 2005, and in 2008, with the Broad Institute firmly established as the world’s leading genomics and biomedical research institute, they gave $400 million to create an endowment that will make the institute permanent. In 2013, they gave another $100 million, bringing their total investment in the Broad Institute to $800 million.
    [Show full text]
  • Bcam at Lacma
    BCAM AT LACMA The Broad Contemporary Art Museum (BCAM), opening February 16, 2008, is the centerpiece of the Los Angeles County Museum of Art’s (LACMA) Transformation—an ambitious program of expansion and renovation. Designed by Renzo Piano, founder, Renzo Piano Building Workshop, BCAM has been made possible thanks to a $60 million donation from Eli and Edythe Broad, including $50 million to the museum’s capital campaign and a pledge to cover the cost of the building over $50 million. The remaining $10 million was donated to fund acquisitions and was used in part in 2007 to purchase Richard Serra’s monumental sculpture Band (2006). Mr. Broad is a longtime LACMA Trustee, and he and Mrs. Broad are among the world’s most generous philanthropists, with interests that include the arts, education, and science. The three-story BCAM includes 60,000 square feet of exhibition space—one of the largest column-free art spaces in the United States— designed specifically for The Broad Contemporary Art Museum at LACMA the display of contemporary art. Included in the initial installation are some 160 works from the renowned collection of The Broad Art Foundation and the Broads’ personal collection, as well as forty works from LACMA’s own holdings in contemporary art and from other lenders. LACMA Director Michael Govan states, “The creation of BCAM greatly expands LACMA’s contemporary art program, both enriching the experience of its historical collections and placing LACMA in a position of prominence in the area of contemporary art among encyclopedic museums. We are additionally pleased that BCAM will enable us to show the work of several key artists in great depth, providing an exceptionally rewarding experience for visitors.
    [Show full text]
  • Michael R. Rip
    MICHAEL R. RIP Michael R. Rip, PhD MSc(Med) Founding Director, Program in Healthcare Management (Eli Broad College of Business) and Formerly: Founding Director, Program in Public (College of Human Medicine) Adjunct Assist. Professor, Intelligence Program, School of Criminal Justice (College of Social Sciences) Member: Conflict, Terrorism, & Development Collaboratory Michigan State University East Lansing, Michigan 48824, USA and Founding Director, MindLeap LLC Founding Director, MindLeap First Responder LLC E-Mail: [email protected] Professional Experience Michael Rip is the Founding Director of the Program in Healthcare Administration (Broad College of Business), and previously the Founding Director of the Program in Public Health (College of Human Medicine). Dr. Rip was on the faculty of the Department of Community Health at the University of Cape Town Medical School, South Africa, for seven years. After obtaining his Ph.D. in spatial epidemiology and medical geography at Michigan State University (MSU) in 1991, he spent 16 years on the faculty of the Department of Epidemiology (MSU). There he developed graduate and undergraduate degree programs and courses in public health and epidemiology, most notably EPI-390 – Disease in Society: An Introduction to Public Health and Epidemiology, and the Specialization in Global Public Health and Epidemiology. He also assisted in the creation of the Department of Epidemiology in the early 1990s and was the Director of the Graduate Program until 2007. Dr. Rip’s undergraduate and postgraduate teaching interests include: critical thinking and innovation, population health, and epidemiology. Counterfeit pharmaceuticals, intelligence analysis and food fraud, bringing strategic intelligence analysis to the healthcare industry (e.g., healthcare fraud), the regionalization of healthcare programs, and achieving High Reliability in Organizations (HRO) by leveraging critical reasoning and systems thinking to minimize error/reduce harm, are some of his research interests.
    [Show full text]
  • Oral History Interview with Eli Broad, 2012 Jan. 30-April 16
    Oral history interview with Eli Broad, 2012 Jan. 30-April 16 Funding for this interview was provided by Barbara Fleischman. Contact Information Reference Department Archives of American Art Smithsonian Institution Washington. D.C. 20560 www.aaa.si.edu/askus Transcript Preface The following oral history transcript is the result of a recorded interview with Eli Broad on 2012 January 30 and April 16. The interview took place at the Frick Collection and at the Broad's home in New York, NY, and was conducted by Avis Berman for the Archives of American Art and the Center for the History of Collecting in America at the Frick Art Reference Library of The Frick Collection. Avis Berman reviewed the transcript in 2012. Swati Pandey, Director of Communications for the Eli and Edith Broad Foundation, reviewed the transcript in 2019. Their corrections and emendations appear below in brackets with initials (Pandey's appear under –EB). This transcript has been lightly edited for readability by the Archives of American Art. The reader should bear in mind that they are reading a transcript of spoken, rather than written, prose. Interview AVIS BERMAN: This is Avis Berman, interviewing Eli Broad for the Frick Collection Library, New York, NY, and the Archives of American Art Oral History Program, Washington, DC, on January 30, 2012, at the Frick Collection. Mr. Broad, I start this way with everyone. Would you please state your full name and date of birth? ELI BROAD: Eli Broad; June 6, 1933. AVIS BERMAN: I want to start briefly with Detroit. And I know you were not collecting there, but I wondered, in your family, what the interest in culture was, or if you had any mentors in that regard, or in music.
    [Show full text]
  • January 6, 2011 Billionaire Unveils Design of Downtown LA Museum
    January 6, 2011 Billionaire unveils design of downtown LA museum By JACOB ADELMAN Associated Press LOS ANGELES—Billionaire Eli Broad unveiled plans Thursday for the porous-concrete-shelled structure that will be the future downtown home of his 2,000-piece art collection and a hoped-for catalyst for the continuation of the city center's halting renaissance. The three-story Broad Art Foundation, designed by New York-based Diller Scofidio + Renfro, consists of a spongelike mantle that lets light into the 40,000-square feet of gallery space, which itself sits atop a vast storage vault. Broad said the downtown location on Grand Avenue amid a row of buildings by top-shelf architects—which the developer-turned-philanthropist played a leading role in having built—was a fitting home for the paintings, sculptures and prints he and his wife Edythe have spent four decades collecting. "We're convinced Grand Avenue is where it's at," Broad said at the unveiling held at the nearby Walt Disney Concert Hall, a Frank Gehry-designed structure that Broad was instrumental in helping fund. The $130-million art museum's construction is scheduled to begin in late summer, with the galleries welcoming their first visitors in early 2013. The price includes a parking lot that the city's Community Redevelopment Agency will buy from the foundation for up to $30 million and operate after its completion. Broad said the museum's initial exhibit will include a broad selection of works from his collection, including pieces by Jeff Koons, John Baldassari and Cindy Sherman.
    [Show full text]
  • Eli Broad Papers
    http://oac.cdlib.org/findaid/ark:/13030/c8cc156v No online items Eli Broad papers Finding aid prepared by Rebecca Bucher and Megan Hahn Fraser with assistance from Kelly Besser, 2015; machine-readable finding aid created by Caroline Cubé.. UCLA Library Special Collections Room A1713, Charles E. Young Research Library Box 951575 Los Angeles, CA, 90095-1575 (310) 825-4988 [email protected] Finding aid last modified on 25 April 2016. Eli Broad papers 2235 1 Title: Eli Broad papers Collection number: 2235 Contributing Institution: UCLA Library Special Collections Language of Material: English Physical Description: 26.8 linear ft.(16 record cartons, 10 document boxes, 2 flat boxes, and 6 oversize flat boxes) Date: 1957-2011 Abstract: Eli Broad is an American entrepreneur and philanthropist. His philanthropy related to art and education in Los Angeles includes important contributions to the Museum of Contemporary Art in Los Angeles, the Broad Art Center at UCLA, and the Walt Disney Concert Hall. The papers include event files, business files, photographs and home movies, materials related to Broad's philanthropy, press clippings, and awards. Language of Materials: Materials are in English. Physical Location: Stored off-site at SRLF. Advance notice is required for access to the collection. Please contact the UCLA Library Special Collections Reference Desk for paging information. Creator: Broad, Eli Preferred Citation [Identification of item], Eli Broad Papers (Collection 2235). UCLA Library Special Collections, Charles E. Young Research Library, University of California, Los Angeles. Restrictions on Access COLLECTION STORED OFF-SITE AT SRLF: Open for research. Advance notice required for access.
    [Show full text]
  • Eli and Edythe Broad Foundation–Education 10900 Wilshire Boulevard Science Twelfth Floor Los Angeles,California 90024 Education T 310.954.5050 F 310.954.5051
    411957M1_r2 3/4/08 3:37 PM Page 1 The Broad Foundations The Broad Foundations 2008 The Eli and Edythe Broad Foundation–Education 10900 Wilshire Boulevard science Twelfth Floor Los Angeles,California 90024 education T 310.954.5050 F 310.954.5051 [email protected] www.broadfoundation.org The Eli and Edythe Broad civic Foundation–Scientific | Medical Research arts 10900 Wilshire Boulevard Twelfth Floor Los Angeles,California 90024 T 310.954.5091 F 310.954.5092 [email protected] www.broadmedical.org The Broad Art Foundation 3355 Barnard Way Santa Monica,California 90405 T 310.399.4004 F 310.399.7799 2008 [email protected] www.broadartfoundation.org ENTREPRENEURSHIP FOR THE PUBLIC GOOD IN EDUCATION, SCIENCE ANDTHE ARTS 411957M1_r1 2/27/08 2:21 PM Page 2 2008The Broad Foundations “Those of us who have been blessed with time, talent and treasure have an obligation to reach down, back and across and help those who are less fortunate and to improve our communities.” FORMERU.S. SECRETARY OF STATE AND RET. GEN. COLIN POWELL, DELIVERING THE KEYNOTE ADDRESS AT THE ANNOUNCEMENT OF THE 2007 BROAD PRIZE FOR URBAN EDUCATION The Mission of The Broad Foundations Transforming K-12 urban public education through better governance, management, labor relations and competition Making significant contributions to advance major scientific and medical research Fostering public appreciation of contemporary art by increasing access for audiences worldwide Leading and contributing to major civic projects in Los Angeles 2008 10 Education 30 Scientific | Medical Research 40 Art 52 Civic Initiatives 60 Commitments 72 Financial Statement 74 The Broad Team 76 About the Founders 411957M2_r5 4/2/08 11:11 AM Page 4 Letter from the Directors Impact It’s the goal of every foundation and certainly the driving force behind the work we do every day.
    [Show full text]
  • Michigan State Univeristy
    Michigan State Univeristy Chair of the Department of Supply Chain Management The Department of Supply Chain and staff as part of the # 1 ranked Management in the Eli Broad supply chain management program. College of Business at Michigan The next Department Chair will State University seeks to hire a new inherit a well-resourced department, department chairperson to start in world-class facilities, and continue August 2019. to further enhance the reputation of the program with the recruitment The Supply Chain Management of leading faculty. Information Opportunity Summary Department (SCM) is the home on the Michigan State University of internationally recognized community, the Eli Broad College faculty who are among the most of Business, the Department of accomplished scholars and teachers. Supply Chain Management, desired Working with the Broad College characteristics for the next Chair, leadership, this is an outstanding and the process to be considered is opportunity for a demonstrated enclosed in the remainder of the leader to guide a department of document. dedicated, high performing faculty About Michigan State University https://msu.edu/ Founded in 1855, Michigan State planned development and 538 University (MSU) has always been buildings, including 95 academic an innovator in research, teaching, buildings. Michigan State enrolls and application of knowledge. approximately 51,000 students In 1863, Michigan State was and employs more than 11,600 designated the beneficiary of the faculty and staff members from Morrill Land-Grant Colleges Act all of Michigan’s 83 counties, all endowment, becoming the pioneer of America’s 50 states, and 130 land-grant college in the United countries.
    [Show full text]
  • Broad Impact
    Broad Impact An Interview with Eli Broad, Founder, The Broad Foundations EDITORS’ NOTE After working for The Broad Foundations are fo- And we created the biggest prize in public two years as an accountant, Eli cused on transforming K-12 pub- education, the $1-million Broad Prize. We have Broad founded a home-building lic education. What impact have also supported proven public charter schools. company with Donald Kaufman. you had in this area and why has We’ve made some progress, though there In 1971, the Kaufman and Broad it been such a challenge to cre- is still much work to be done. Home Corporation acquired a ate true reform with such wide- What is needed to create real K-12 small life insurance company for spread emphasis on it? reform? $52.1 million that they eventually Eleven years ago, after we sold First, we need a longer school day and transformed into a retirement sav- SunAmerica to AIG and came into a school year, because our kids are being short- ings empire. With the merger of fair amount of money, I stayed on for changed in the number of academic hours SunAmerica into AIG in 1999, a year or two and decided to focus they get a year compared with other nations. Broad stepped down as CEO and on public education as the biggest Second, we need to have the same competition turned his attention to full-time Eli Broad problem in America. I knew what was we have in higher education among private philanthropy. Eli and Edythe Broad happening in Korea, Japan, China, and public universities, and that can happen in had created a family foundation in the ’60s as India, and certain European nations and knew the form of charter schools, which are free, or a way to support their charitable interests and we had to improve public education.
    [Show full text]
  • Growing Coalition Stands Against Broad-Walmart Plan
    Award-Winning Newspaper of United Teachers Los Angeles • www.utla.net Volume XLV, Number 4, December 18, 2015 Growing coalition stands against Broad-Walmart plan Parents, students, educators, and community groups urge LAUSD School Board to pass motion opposing market-driven reform. A growing coalition of parents, stu- Empowerment. “Eli Broad has no right to dents, educators, and community groups tell us what’s best for our children, and I is calling on the LAUSD School Board to don’t welcome nor appreciate him and his take a stand against the plan by Eli Broad Wall Street friends deciding our future.” and the Walmart heirs to greatly expand As an added demonstration of support, unregulated charter schools at the expense several letters were presented to the School of neighborhood public schools. Board signed by members of the eight At the December 8 School Board LAUSD unions and the Los Angeles County meeting, a stream of speakers urged the Federation of Labor; by eight prominent Board members to pass Scott Schmerelson’s local and state community organizations motion against the Broad-Walmart plan (Alliance of Californians for Community and called for District officials to invest in Empowerment, Clergy & Laity United for Sustainable Neighborhood Community Economic Justice, Coalition for Humane Community groups Labor unions Schools—a positive alternative to defund- Immigrant Rights of L.A., Labor/Com- ing and deregulating public schools. UTLA munity Strategy Center, Los Angeles Al- and our community allies will be back at the liance for a New Economy, Schools L.A. next School Board meeting, January 12, to Students Deserve Grassroots Coalition, repeat our push for the motion’s passage.
    [Show full text]