The art of giving back.
Los Angeles, California
For MSU alumnus Eli Broad, impatience is a virtue—at least when it comes to identifying opportunities to give back. The Fortune 500 entrepreneur and his wife, Edythe, have found and fulfilled plenty as they work to advance the public good through their philanthropic foundations.
“I’ve had all these opportunities, a great education at Michigan State, lots of opportunities, and I think I have a debt to take care of, and that’s giving back and making things better,” says Broad, for whom MSU’s Broad College of Business is named.
Their naming of the college was, at the time, the largest gift commitment ever made to a business school at a public university. More recently, the Broads were the catalysts for the university’s world-class Eli and Edythe Broad Art Museum, providing the lead gift and a total of $32 million for the Zaha Hadid-designed building, its exhibitions, collections, and endowments. They seek out projects that will help create a better society and benefit people for decades into the future—whether in the arts, education, or scientific and medical research.
“I think it’s all about excellence,” says Broad. “It’s all about doing things better than they otherwise would be done.”