page_title: Eli Broad
section_title: Philanthropy and civic engagement
hierarchical_section_title: Eli Broad / Philanthropy and civic engagement
caption_attribution_description: English: Caltrans District 7 Headquarters Building, by architecture firm Morphosis.
context_page_description: Eli Broad is an American billionaire entrepreneur and philanthropist. As of June 2019, Forbes ranked Broad as the 233rd wealthiest person in the world and the 78th wealthiest person in the United States, with an estimated net worth of $6.7 billion. Broad is known for his philanthropic commitment to public K–12 education, scientific and medical research and the visual and performing arts.
context_section_description: Eli and Edythe Broad created The Broad Foundations, which include The Eli and Edythe Broad Foundation and The Broad Art Foundation. These organizations have assets of $2.5 billion.
  In the same year as its founding in 2010, the Broads signed onto The Giving Pledge, a commitment for wealthy individuals to give at least half of their wealth to charity. The Broads personally committed to giving 75% of their wealth away. As of October 2017, the Broads have given more than $4 billion to support K-12 public schools, advance scientific and medical research and bring contemporary art to as wide an audience as possible.
  In 2017, Broad announced his retirement from The Eli and Edythe Broad Foundation, passing responsibility to its president, Gerun Riley. Broad said he would remain as a trustee of the Foundation, and continue to serve on the Board of The Broad museum. Broad said he was in good health and felt like it was time to "step back".
caption: The Eli and Edythe Broad Plaza in front of the Caltrans District 7 Headquarters
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