OVERVIEW: The Eli and Edythe Broad Foundation supports education, science, and the arts. Giving is also centered on Southern California and Los Angeles, where the Broads have lived for decades.
FUNDING AREAS: Education, science, the arts
IP TAKE: The Eli and Edythe Broad Foundation prioritizes education grants and art grants in the Los Angeles area. However, it funds science grants beyond Los Angeles.
PROFILE: Based in Los Angeles, California, the Eli and Edythe Broad Foundation was created with the wealth of founder Eli Broad's two Fortune 500 companies, KB Home and SunAmerica. The philanthropy's impressive assets serve as a testament to Eli Broad's hard work and pursuing the American dream. Born to immigrant parents, Eli got his start in the Detroit Public Schools system and became the youngest CPA in Michigan's history after securing an accounting degree from Michigan State. Eli later turned his entrepreneurial attention to home-building and retirement investments. The Eli and Edythe Broad Foundation focuses grantmaking in three areas: Education, Science, and The Arts.
Broad’s education grants tends to prioritize K-12 urban public schools and programs that improve management and labor relations. In terms of education, the foundation supports leadership, parent choice, students’ rights, teacher voice, and community. Public charter schools benefit from the most support. Past education grantees include KIPP, the Los Angeles Public Library, and Success Academy.
The foundation focuses its science giving primarily on university-affiliated medical research facilities, including past grants like the $10 million for regeneration medicine and stem cell research at the University of California and $70,000 to the California Institute of Technology for general research.
Art grants fund programs that foster public appreciation of contemporary art, primarily for art lending and new acquisitions in Los Angeles museums. Broad works of art have been on loan and on display at the Broad Contemporary Art Museum, the Hammer Museum, and Fowler Museum at UCLA, and the J. Paul Getty Museum. Local art grantees include the Walt Disney Concert Hall and the LA Opera.
Although grants reach other states and countries as well, the Broads are partial to Los Angeles, where they've lived since 1963. Of the focus areas, medical research often draws most of Broad's assets. However, for a Los Angeles-based organization seeking Broad's support, its education and arts programs also provide financial support to Los Angeles based organizations. Foundation grants are often well into the millions of dollars and go to established groups in the Los Angeles area.
This foundation does not accept unsolicited proposals, and it does not have traditional grant cycles. Instead the foundation staff identifies potential investments and seeks them out, especially within the funding area of education. Contact the foundation staff with general questions at email@example.com or 310-954-5000.
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