Eli Broad on Philanthropy: ‘What I Do Is Bet on People’
September 16, 2013 | Read Time: 1 minute
Billionaire philanthropist Eli Broad talks to The Wall Street Journal about his entrepreneurial and data-driven approach to giving.
The article details the Broad Foundation’s support for education reform, genomic medical research, and cultural initiatives in downtown Los Angeles, including a new contemporary art museum to open next year. Later this month the foundation will announce the 12th winner of its annual $1-million Broad Prize for Urban Education.
Mr. Broad, who made his fortune in home construction and retirement savings businesses, said as a philanthropist he spends most of his time identifying effective leaders and then invests in their ideas. “What I do is bet on people,” he said.
