RE: “Eli and Edy the Broad”
The Broad Institute of MIT and Harvard was founded with a $100 million donation to the Massachusetts Institute of Technology from Broad and his wife, Edythe, in 2003. In 2005, the couple donated another $100 million to Harvard. On 4 September 2008 the Broads gave another $400 million to the Broad Institute. The endowment will be managed by Harvard’s investment unit.[1]
Eli Broad donated $23.2 million towards the Broad Art Center at UCLA, and another $20 million to UCLA Stem Cell Institute.[2]
Eli and Edythe Broad are the founders of The Broad Foundations,[3] with the mission of advancing 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 $2.1 billion. The Broad Foundations’ Internet address is www.broadfoundation.org.
The Eli and Edythe Broad Foundation’s education work is focused on dramatically improving urban K-12 public education through better governance, management, labor relations and competition. The Broad Foundation has four national flagship initiatives:
The $2 million Broad Prize for Urban Education is the nation’s largest education award given annually to urban school districts that have made the greatest overall performance and improvement in student achievement.[4]
The Broad Superintendents Academy is a 10-month executive management program to train working CEOs and other top executives from business, non-profit, military, government and education backgrounds to lead urban school systems.[5]
The Broad Residency in Urban Education is a two-year management development program that trains recent graduate students, primarily with business and law degrees, who have several years of work experience and places them immediately into managerial positions in the central operations of urban school districts.[6]
The Broad Institute for School Boards is a national training and support program for urban school district governance teams of school board members and superintendents. The latest offering of The Broad Institute is Reform Governance in Action, a training program for reform-minded school board-superintendent teams to establish efficient and effective policies and processes that will improve board operations, strengthen management oversight and directly improve learning opportunities for students.
Don’t forget The Broad School of Business at Michigan State University. He’s also funded an art museum on the MSU campus.