World-renowned Philanthropist and Arts Magnate Eli Broad to Receive an Honorary Degree from Otis College of Art and Design, L.A.’s First Independent Art School

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Champion of education reform, scientific research and the arts will speak to graduating students and receive honorary doctorate.

Eli Broad

Eli Broad

Eli Broad is a living embodiment of the kind of arts leadership combined with social responsibility and community awareness that we at Otis value and promote among our student, faculty and alumni community.

Otis College of Art and Design is honored to announce that Eli Broad, known worldwide for his extraordinary philanthropic work advancing entrepreneurship for the public good in education, science and the arts, will receive an honorary doctorate and deliver the keynote speech at the graduation of the 2012 class on May 12, 2012. Otis Commencement ceremonies will be held on the college’s main campus at 9045 Lincoln Boulevard, Los Angeles, California.

Eli Broad is a renowned business leader who built two Fortune 500 companies from the ground up over a five-decade career in business. He is the founder of both SunAmerica Inc. and KB Home (formerly Kaufman and Broad Home Corporation). Today, Eli Broad and his wife, Edythe, are devoted to philanthropy as founders of The Broad Foundations. The Broad Foundations, which include The Eli and Edythe Broad Foundation and The Broad Art Foundation, are dedicated to improving K-12 urban public education, advancing major scientific and medical research, fostering public appreciation of contemporary art, and supporting major civic initiatives in Los Angeles.

Over the past four decades, the Broads have built two of the most prominent collections of postwar and contemporary art worldwide: The Eli and Edythe L. Broad Collection and The Broad Art Foundation. The two collections together include more than 2,000 works by nearly 200 artists. Since 1984, The Broad Art Foundation has operated an active “lending library” of its extensive collection. Dedicated to increasing access to contemporary art for audiences worldwide, The Broad Art Foundation has made more than 8,000 loans of artwork to nearly 500 museums and university galleries worldwide.

Mr. Broad was the founding chairman and is a life trustee of The Museum of Contemporary Art in Los Angeles, to which The Broad Foundation gave a $30 million challenge grant in December 2008 to rebuild the museum’s endowment and to provide exhibition support. He is a life trustee of The Museum of Modern Art in New York and of the Los Angeles County Museum of Art, where the Broads gave a $60 million gift to build the Renzo Piano-designed Broad Contemporary Art Museum, which opened in February 2008.

In August 2010, the Broads announced plans to build a contemporary art museum and headquarters for The Broad Art Foundation on Grand Avenue in downtown Los Angeles. The new museum, to be called The Broad, designed by Diller Scofidio + Renfro, is scheduled to open in early 2014.

Mr. Broad’s first book, "The Art of Being Unreasonable: Lessons in Unconventional Thinking", will be published by Wiley on May 14.

Otis College President Samuel Hoi expressed his excitement about having Mr. Broad at the 2012 Commencement:

“ We are thrilled to honor such a widely recognized and influential role model for the arts, education and civic engagement. Eli Broad is a living embodiment of the kind of arts leadership combined with social responsibility and community awareness that we at Otis value and promote among our student, faculty and alumni community. As our graduates prepare to engage fully in the creative economy and global citizenship, they will benefit enormously in learning from the visionary thinking and action of Eli Broad.”

About Otis College of Art and Design
Founded in Los Angeles in 1918, Otis College of Art and Design prepares diverse students of art and design to enrich the world through their creativity, their skill, and their vision. The College offers an interdisciplinary education for 1200 full-time students, awarding BFA degrees in Advertising, Architecture/Landscape/Interiors, Digital Media, Fashion Design, Illustration, Graphic Design, Product Design, Painting, Photography, Sculpture/New Genres, and Toy Design; and MFA degrees in Fine Arts, Graphic Design, Public Practice, and Writing. Continuing Education offers certificate programs as well as personal and professional development courses. Additional information is available at http://www.otis.edu.

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