In addition to supporting science, Eli Broad is also an arts philanthropist in Los Angeles, says this New York Times profile of the man who founded two Fortune 500 companies. The Times says that Broad is "a billionaire philanthropist whose beneficence comes with not just strings but with ropes that could moor an ocean liner." In LA, Broad has given money to the Museum of Contemporary Art and the Los Angeles County Museum of Art, as well as to Caltech, the University of Southern California, and the University of California, Los Angeles, among others. "When Eli gives, it is like negotiating a business deal. It is not altruistic. It is not blind charity. And there is a difference between being generous and being charitable. But it doesn’t matter in the end because the good was still done," says Lacma's Lynda Resnick.
We'll Take the Strings, Too
Feb 12, 2010