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Los Angeles Philanthropist Eli Broad Has Died


Los Angeles Philanthropist Eli Broad Has Died
Eli Broad gave billions both personally and through his foundations.
Eli Broad, the respected and sometimes controversial Los Angeles philanthropist, died on Friday. He was 87. Known for being generous but also sharp-elbowed in his philanthropy, Broad and his wife, Edythe, gave nearly $2.5 billion from 2000 to 2013 to their Broad Foundations and other nonprofits, according to a Chronicle tally. In recent years, the couple gave significant sums to charity through their nearly $2 billion Broad Foundations, which houses the Eli and Edythe Broad Foundation and the Broad Art Foundation .
Broad built what is now a nearly $7 billion fortune through his KB Home homebuilding company and SunAmerica, a financial-services company that he sold to AIG for $18 billion in 1998. He then went on to devote most of his time to the couple’s philanthropy, giving primarily to education, science, and the arts. ....

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