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Local News

Philanthropists Donate Millions Again
Posted by Sarin Kodchian on Sep 13, 2007 - 7:24:09 PM

LOS ANGELES—Eli and Edythe Broad  are leading philanthropists in the arts, education, science, and civic development . It's easy to see the  Broads put their money where their heart is. Eli Broad, the founder-chairman of SunAmerica Inc. and KB Home, built both from the ground up  into Fortune 500 companies. After almost 5 decades of immeasurable success in the business sector, the Broads' focus is now in philanthropy and the community. At a public event on September 10 at UCLA, it was announced that the Eli and Edythe Broad Foundation is donating $20 million to fund adult and embryonic stem cell research. This contribution will continue to enable UCLA as a leader in cutting-edge scientific research.

The stem cell center is a collaboration of the David Geffen School of Medicine at UCLA, UCLA's Jonson Comprehensive Cancer Center, the UCLA Henry Samueli School of Engineering and Applied Science, and the UCLA College of Letters and Science. It also involves close collaborations with the UCLA schools of law, nursing, dentistry and public affairs; the UCLA AIDS Institute; the UCLA Center for Society and Genetics; the UCLA Brian Research Institute; and the California NanoSystems Institute at UCLA.It will bring together biologists, chemists, engineers, and genetics to develop more effective treatments for cancer, HIV/AIDS, Parkinson's, and metabolic disorders through research grants and professorships and the purchase of high tech laboratory equipment. Broad said " This center further establishes UCLA as a pioneer in the field of stem cell research, which holds great potential to dramatically improve the human condition."

The Institute for Stem Cell Biology and Medicine at UCLA will now be renamed the Eli and Edythe Broad Center of Regenerative Medicine and Stem Cell Research at UCLA in appreciation of all the Broads have helped achieve through their generosity.  Schwarzenegger, whose father-in-law Sargent Schriver has Alzheimer’s,  was present at the announcement September 10 and said, "Stem cell research holds the potential for incredible advances in medicine, and hope for the eventual end of the suffering from diseases like Alzheimer's, Parkinson's and cancer,"  Villaraigosa, who was also present on campus said the gift "puts Los Angeles on the cutting-edge of stem cell research and on the forefront of developing lifesaving cures.""Here in Los Angeles, we are surrounded by the world's leading universities and research centers," he said. "We are a cradle of creativity in L.A. and throughout California."  This huge donation will not only allow a public research university to achieve one of its primary goals but will ensure California as a pioneer as it will continue to lead the way in stem cell research, developing therapies and cures that were impossible to imagine a few years ago.  The $20 million will also work as leverage for voter approve Proposition 71 supporting stem cell research.  This is just the latest of huge donations to the UCLA campus.  The Broad Foundation contributed toward the construction of the Edythe L. and Eli Broad Center to the School of the Arts and Architecture.



 

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