The Philanthropy Roundtable is pleased to announce the selection of Eli and Edythe Broad as the 2013 recipients of the William E. Simon Prize for Philanthropic Leadership. The Simon Prize honors the ideals and principles that guided Mr. Simon’s giving, including personal responsibility, resourcefulness, volunteerism, scholarship, individual freedom, faith in God, and helping people to help themselves.
Throughout the past six decades, Mr. Broad has had careers in accounting, homebuilding, finance, and philanthropy. A consummate entrepreneur, he is the only person to have started two different businesses, in two different industries, and turned them both into Fortune 500 companies. With Edythe, his wife of 58 years, Eli Broad now devotes the bulk of his time and energy to philanthropy.
The Broads are perhaps best known as national leaders in the effort to dramatically improve public education in America. The Eli and Edythe Broad Foundation has provided more than $500 million to ensure that every student in an urban public school has the opportunity to succeed by funding policies and programs that strengthen public schools and support great teaching. Among its flagship initiatives are the Broad Residency in Urban Education, the Broad Superintendents Academy, and the $1 million Broad Prize for Urban Education.
Eli and Edythe Broad are also among America’s leading patrons of contemporary art. Mr. Broad was the founding chairman and is a life trustee of the Museum of Contemporary Art in Los Angeles, as well as a life trustee of the Los Angeles County Museum of Art, where the couple funded the Broad Contemporary Art Museum. The Broads have assembled and dedicated to the public an unrivalled collection of nearly 2,000 works by more than 200 artists. They are currently building a contemporary art museum and headquarters for the Broad Art Foundation in downtown Los Angeles, which will open in mid-2014.
Finally, the Broads are among the nation’s most important philanthropic investors in biomedical research. In addition to being the world’s leading funders of research on inflammatory bowel disease, they have committed $600 million to the Eli and Edythe Broad Institute for Biomedical Research, a world-class genomics research center that is jointly housed at MIT and Harvard.
Previous winners of the William E. Simon Prize for Philanthropic Leadership include Bernie Marcus, Charles Koch, Roger Hertog, Phil and Nancy Anschutz, Dr. Ben Carson, the late Sir John Templeton, and the late John Walton. The prize includes a $250,000 award, payable to the charity of the winner’s choice.
Eli and Edythe Broad were honored on Friday, October 18, at the Terranea Resort in Palos Verdes, California, during a special lunch at the 2013 Annual Meeting of The Philanthropy Roundtable.