Information AboutEli Broad |
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Broad is well known for his Philanthropy and extensive Art collection. A strong advocate of the city, he is actively involved in the on-going effort to revitalize Downtown Los Angeles . Broad made his initial fortune in real estate at his company Kaufmann & Broad (now KB Home ). He is also a founder of the financial giant SunAmerica . He was CEO of SunAmerica, now a subsidiary of the American International Group , until the year 2000 . PHILANTHROPY In 1991, Broad endowed the Eli Broad College Of Business at his Alma Mater Michigan State University , from which he graduaged Cum Laude in 1954. The Broad Institute of MIT and Harvard was founded with a $100 million donation to MIT from Broad and his wife, Edythe, in 2003. In 2005, the couple donated another $100 million through Harvard. Eli and Edythe Broad are the founders of The Broad Foundation, which states as its mission "to dramatically improve K-12 urban public education through better governance, management, labor relations and competition." He is also a member of the California Institute Of Technology Board Of Trustees , and endowed the Broad Center there. TRIVIA
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