Eli Broad, lifelong philanthropist and former chairman of Pitzer College's Board of Trustees, told The New York Times on Oct. 12 that he will be retiring from philanthropy.
He and his wife Edythe are founders of The Broad Foundation, which works to support entrepreneurship in education, science, and the arts. The goal of the Broad Foundation is “to improve public schools, advance scientific and medical research, and make the arts accessible to the broadest public.”
Broad has also been a prominent figure in shaping the art world in Los Angeles. He is the founder of The Broad, a downtown contemporary art museum opened in 2015 that houses about 2,000 works of art.
Broad has played a large role in influencing the direction of Pitzer College. He was a member of Pitzer’s Board of Trustees from 1970 to 1982, and was chairman of the board from 1973 to 1979.
Since then, Pitzer has received more than $11.3 million from The Broad Foundation.
“We continue to be impressed with Pitzer College President Laura Skandera Trombley’s leadership as she builds on Pitzer’s history and ensures a thriving future,” Broad said to the Pitzer College community during its 50th Anniversary.
The Broads also gave $1 million to the college to fund scholarships during its 50Forward Campaign in 2014.
Last spring, Pitzer College President Melvin L. Oliver made a visit to Eli Broad.
“Broad reflected on the role that service on the Pitzer College Board meant to him,” Oliver said. “It was the beginning of his civic involvement, his first Board. Pitzer has benefitted from Eli’s vision, participation, and generous support. We are thankful for his generosity and steadfast support over the years.”