Eli & Edythe Broad Foundation
The Broad Foundations were established by entrepreneur and philanthropist Eli Broad to advance entrepreneurship for the public good in education, science and the arts. The Broad Foundations, which include The Eli and Edythe Broad Foundation and The Broad Art Foundation, have assets of $2.1 billion. The mission of The Broad Foundations is comprised of four parts: transform K-12 urban public education through better governance, management, labor relations and competition; make significant contributions to advance major scientific and medical research; foster public appreciation of contemporary art by increasing access for audiences worldwide; and lead and contribute to major civic projects in Los Angeles.
Since 1999, The Eli and Edythe Broad Foundation has provided nearly $400 million to improve student achievement in urban areas by creating and supporting strong leadership, school district efficiency, competition, best practices and teacher quality. In addition to its commitment to education, the Broad Foundations advances STEM through its science and research initiatives. In June 2003, in an unprecedented partnership with the Massachusetts Institute of Technology, Harvard University and Whitehead Institute, The Eli and Edythe Broad Foundation announced the $100 million founding gift-later increased to $600 million-to create The Eli and Edythe Broad Institute for Biomedical Research. The Institute's aim is to realize the promise of the human genome to benefit clinical medicine and to make genomic knowledge freely available to scientists around the world. In 2007, The Eli and Edythe Broad Foundation provided $20 million to the UCLA Institute for Stem Cell Biology and Medicine to fund adult and embryonic stem cell research, enhancing a program that brings together biologists, chemists, engineers, geneticists and other scientists to develop new and more effective treatments for cancer, HIV/AIDS, Parkinson's, metabolic disorders and other medical conditions. The gift funds the purchase of specialized, high-tech laboratory equipment and supports faculty recruitment through research grants and endowed professorships. The foundation has committed grants of similar size and scope to other California research universities, including University of California, San Francisco, and the Health Sciences Campus of the University of Southern California.
Science & Medical Research Program