page_title: Eli Broad
section_title: Arts
hierarchical_section_title: Eli Broad / Philanthropy and civic engagement / Arts
caption_attribution_description: English: Broad Museum in downtown Los Angeles, under construction
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: Broad has been an influential figure in the art world since 1973 and has had a particular focus on the cultural life of Los Angeles.
  Broad was the founding chairman of the Museum of Contemporary Art, Los Angeles in 1979 and chaired the board until 1984. He recruited the founding director of the museum and negotiated the acquisition of the Panza Collection for the museum.
  In 2008, The Broad Foundation donated $30 million to the museum. The Foundation's donation was contingent on the museum remaining independent and not merging with Los Angeles County Museum of Art.
  Broad is a life trustee of the Los Angeles County Museum of Art (LACMA). In 2003, The Broad Foundation gave $60 million to the museum as part of its renovation campaign to create the Broad Contemporary Art Museum and for an art acquisition fund.
  The Broads donated $6 million to the Los Angeles Opera to bring Richard Wagner's opera cycle Der Ring des Nibelungen to Los Angeles for the 2009–10 season. In June 2013, the Broads gave $7 million to continue funding the Eli and Edythe Broad general director at L.A. Opera, currently occupied by Plácido Domingo.
  The Broads contributed $10 million in 2008 for a programming endowment for a state-of-the-art music and performing arts center at Santa Monica College, The Eli and Edythe Broad Stage, and an adjacent black box performance space, The Edye.
  In total, the Broads have pledged roughly $1 billion to Los Angeles art institutions. Broad now calls Los Angeles a "cultural capital of the world".
caption: The Broad Museum under construction, 2015
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