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Posts Tagged ‘The Broad Foundation (“TBF”) (dba of Eli & Edythe L | post-2007 | in Los Angeles) EIN# 95-4686318

Six Posts (at least) in the Pipeline Pre-Thanksgiving 2017, Yet I See I’d Outlined the Same Basics One Year Ago (Nov. 2016) [Published 11/21/2017].

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Title:Six Posts (at least) in the Pipeline, Pre-Thanksgiving 2017 (looking back, looking forward…), Yet I See I’d Outlined Nearly the Same Basics One Year Ago (Nov. 2016) [Published 11/21/2017]. (case-sensitive short-link ends “-7ZH”).  Published initially with tags; about 9,500 words including the “navigation” section with its outline of subtitles near the top, which I felt would help process the many images and references found in the middle. And an extended section on previously-blogged JPA (multi-state, i.e., “regional” government entity) WestEd, which now has a revamped website (which still neglects to post its financials and mis-states its date of origin by 30 years…).

On the bottom of this post I’ve been updating the status of the referenced posts while publishing them, one by one over the past ten days (Nov. 22 – Dec. 1: see post archives for November 2017 for dates).  Once published each post is then re-viewed, clarified, sometimes extending it, sometimes just correcting layout.  I’m posting more frequently now, but it’s still an intense process which ALWAYS uncovers more information to blog, OFTEN further illuminates my own understanding of some situations (typically, organizations placed in the intersection between public and private — and the board members’ ownership of, or investment in, subcontracting organizations) I may have been aware of for years, which I look forward to explaining as I can. Maintaining the anchor (mental commitment) to those already in draft, shown below, sometimes provides conflicting currents as a writer.  I write best typically while most focused on the present research in the overarching context of my own learning curve and desire to communicate clearly what I am seeing and hearing, and watching continue to evolve over the years.  //LGH, Dec. 1, 2017.


Just in case, Title Terminology:  “In the Pipeline” is a common phrase (school-to-prison pipeline, cradle-to-career-pipeline), but here’s how I use it referring instead just to posts.

Posts in the pipeline or “spin-off posts” are portions of some writing in process* with a blog “street address” but still in draft status, felt to be significant enough for more attention under their own titles. *Typically they come up as I am writing some post, and are related but I feel they may seem extraneous to a reader covering the subject matter for the first time. Other times, less often, I start them from scratch on their own post when I realize the topic should be handled before it almost writes itself on some other project I want published sooner.

Sometimes these off-ramped finds, like my  more consistently noticing the presence of independent subcontractors as  major part of some charities, are a key which puts the larger picture together, i.e., opens double-wide doors to understanding.  Examples:  Bridgespan as a subcontractor (and its relationship to “Bain”); or, further back in its  corporate existence (and in my blog’s history), NCCD (National Council on Crime & Delinquency) as an Oakland, California-based subcontractor taking government grants from around the world, or I should say, around the “Commonwealth Nations” and around the USA, on a “Children’s Rights, Inc.” charity based in New York.

There is a recent example also on these blogs, too, although it’s not as a subcontractor of some charity, but a listed partner among others in on certain website offering multi-state filings for charities.  One of the listed partners was bought out within six years of its creation, leading to my better understanding of a (different) company historically significant to the practice of corporate law in the United States (!), and as we have (already) turned the century into the digital age and the professionalization of services to and “software AS a service” companies to the philanthropic / nonprofit sector.

Typically also posts in the pipeline were nearly complete before I moved them under their own titles, with “nearly” still meaning “not yet..” in blog administrator terms.  Parallels to baking bread, or, (to borrow from my more familiar, experiential points of reference), preparing and rehearsing a musical ensemble for a concert, may help explain a sense when 90% “done” isn’t good enough. It’s not about complete perfection, it’s about having enough vital components to complete the course and “deliver the goods” for better understanding of the evolving”playing field” in which this blog became necessary.

About This Post:

This post is shorter than most.  It serves a review and blog administrative function for my use, but  I’m publishing it in the belief it will also help readers see the FamilyCourtMatters blog continuity and understand that while it may seem like widely disparate groups I’m investigating and reporting on, in fact the investigations and reports together circle around some core, basic themes.  [This thought continued below the next “Navigation” section]

Navigation:  Blog sections, by Subtitle.  It seems there are six main sections.  Any section may contain text in a variety of formats, and/or images.  I only posted one table of Forms 990 (for a change!). The longer Sections 2 and 5, especially, set up the Posts in the Pipeline as being along the same concepts but just applied to different organizations.  There is overlap of type, and (future posts will show) also overlap of entities and personnel involved — hardly surprising because I’m looking at some of the more powerful foundations around, and major causes with public policy in transition…There is also some overlap of material below between some of the sections.

I don’t want us to lose sight of what some of these influential groups have themselves lost sight of — the requirement of holding to some real ethics, reason, and at least an attempt to keep their collaborating colleagues honest, instead of just “going for the jugular” on some groups which might be in competition for the same audiences.  Which I say happened in the recent prosecution of a sham (fake) cancer charities.  Not that they weren’t sham (I read — seems like they certainly were) — but they ALSO were in competition with the tobacco mega-fund money coursing triumphantly through government and the philanthropic sectors both, and often in partnership.

That last comment will make more sense in the context of reading up on “NAAG” and “NASCO” (see Outline here):

  1. About This Post (you’re in it…)
  2. Concentric Circles of Investigation, Common Themes – To Review 
    1. WestEd (MIA financials on both old and new websites; see prior posts on this).
    2. AISR at Brown and Annenberg Foundation-Related
    3. NGA
    4. NAAG, NASCO (current project and research themes)
    5. Multi-million-dollar MIA grants (overlaps with some of the above and below groups)
    6. Multi-million-dollar Grants not MIA, but it sure seems the projects are, and don’t look remotely that classy when parts of them show up, either…
    7. NCALP at Capital University (Columbus, Ohio) (transformed into) Family & Youth Law Center / and its IPV Collaborative personally assisting David Mandel’s career path through curricula marketing.
      1. Basic conclusion to the “Concentric Circles / Review” section:  “The more you look, the more of such situations surface.  How much is acceptable? It is really something which is subject to being controlled and monitored — or not?”
  3. “The Same Basics One Year Ago, ” (brief, only one image)
  4. More Recent Discoveries (contents include BizFilings, Guidestar, short section — but Guidestar info cont’d in another section)
  5. Brief Recap of the recent Nov. 18 post and Nov. 11 page significance, and more images from “Guidestar, Inc.” (formerly “Philanthropic Research, Inc.”) and a bit on (Paul) Newman’s Own Foundation, Inc. (versions 1 & 2, based in Connecticut), also referenced as involved, or to be involved, in the MRFP and Single Portal Initiative… 
    1. Contains narrative and many images, plus a Form 990 table for GuideStar USA, Inc.
    2. Summarizes the most recent post and page, obviously.
  6. IN GENERAL (barely a section, but it is a heading)
  7. Six Posts (at least) in the Pipeline, Pre-Thanksgiving 2017 (looking back, looking forward…)
    1. In image format (not interactive)
    2. In texts (bulleted, with titles, links and some surrounding descriptions from the context where they were first referenced).

As you can see above, the actual list of posts is on the bottom in two formats:  Images (from my WordPress Admin site showing titles of post started in November and still in draft) and, for later convenience, text & titles with active links.  And some surrounding abstracts or reminders of the context.  And it’s at the bottom of the post.  FYI there were nine ten (10) in all, not six (6).  One more showed up which hadn’t been imaged (on the historic basis of “Sovereignty” concept, from the Stanford Encyclopedia of Philosophy).*

*That is, after all, a big question (despite it having become a “dirty word” and negative- or positive-only values-laden descriptor for certain people with certain beliefs in the USA — the question in any form of government is “Who’s the boss?” (legally, and effectively/administratively which will often show up economically).  So, national “sovereignty” as a concept has origins in contrast to, it seems the Holy Roman Empire.  Worth thinking about in the historic sense. This post just provides some resources (links) for further reading.

An image looks like this (the example only has one title showing, though).

#3 of 3 (My Blog Posts Started Nov. 2017 in Draft, by when last modified (not originated). This one more of a study project from recent headlines on Puerto Rico debt and hurricane recovery 2017, transferable info.

A title with link looks just like what you see at the top, or will see if you scroll to the bottom of this post, below the images, to see those in the pipeline listed in bullet format, with some nearby fine-print summaries for most of them.  Why?  Because with enough memory pegs for the months or even possibly years of writing ahead (further down the FamilyCourtMatters road), I expect my head may be buried either deeper into this theme, or into a related one. I sometimes even dream about material I am currently working; it gets under one’s skin…Once it’s published, a previous multi-post project is buried less deeply in my psyche (so to speak), but is better available for mental recall when there’s enough surrounding context.  As with advertising, to a degree also with teaching (and learning): repetition helps comprehension, but better that the repetition is also tied to context.


…These concentric or overlapping circles are just getting wider and further back in time, and the drill-downs on the available financials (or searches when they are not available) deeper.  I am also considering more parts of a typical Form 990 when I do look, and more internal comparisons and looking more consistently at change over time (i.e., looking for earlier filings). So while some may wonder what “Education” or “Big Tobacco” have to do, really, with “Family Courts” or “Domestic Violence Prevention,” as a whole, they are dealing with and justified on the basis of financial matters, and involve similar vehicles and organizing tactics (networking) over time in pursuit if any national or international cause.

Developing overwhelming weight and influence (to stack the odds towards success) in pursuit of a privately chosen cause (public policy, message, results or outcomes) also regularly shows ongoing symptoms, often showing up after the fact or after the infrastructure is already entrenched with matters of control, secrecy, of sequestering of total government entity (collective) AND total corporate (collective, when it comes to the networks) size of assets and investments (income producing, whether through dividends and interest as held, or when sold) from public awareness, and on this basis, demanding more and more compliance, conformity, and personal concessions from the population as a whole.

Many aspects of this resemble tactics of batterers and coercive control when at the individual level which we might now simply call “abuse” or “domestic violence.” It’s the behavior of terrorist mentality, not of a personal subjection to law, and deep respect for others of differing economic, social, racial/ethnic, citizenship OR status.  Or of a different gender. Talk to women or, I’ll bet also men, who have been held captive to this kind of intimate or family control, coercion, and long-term intimidation, not to commonly-accepted laws, standards, or with regard to rights — but to simply what the abusers want.   The difference is just of scale and primary venue, and the bystander audiences addressed.  What I’m talking about here is when the bystander audiences are the entire country not “in on it,” and international participants, too.

Concentric Circles of Investigation, Common Themes – To Review

… … …To review, remember the “where’s your tax return?” status of certain major-cause-collaborating, well-financed (and public, private, or public-private in concert) groups I’ve blogged on? such as (just a few examples…):

  • WestEd  (I notice the website has been, it seems, completely reformatted since I reported on this.  A horizontal timeline slideshow now exists.  While this probably relates to a 50th Anniversary (since 1966), I note there are STILL no Financials (CAFRs — it being a JPA, a government, not private, entity which crosses state borders, though domiciled in California), despite posting an impressive list by type of “Our Clients and Funders” (no amounts or years, and not distinguishing “clients” from “funders.”  It’s just a single page which links to nothing else).  So are the pages within the timeline, that I saw so far.
  • AISR (The Annenberg Institute for School Reform at Brown) + CES (Coalition of Essential Schools) network, the Ted & Nancy Sizer et al.  Plenty posted before, enough said for now!
    • Except I recall some MIA grants involving a Chicago Entity, and later CPS Schools Chief being ousted for fraud in grants administration.  (See posts in below images)
    • Nearby “Broad Institute | Academy | Center | Foundation (versions 1 versions 2) possibly related.  Had to do with training for urban school system supervisors.
    • And, one post title with active link, and all those posts (in image form with dates published dates):

My Annenberg-related posts published so far; The names speak loudly. Click image to enlarge and see. Only one has tabs (and not all shown on this image)

An Annenberg-related FamilyCourtMatters post + publication date (but no tags), title also shown with link nearby (Nov. 21, 2017 new post)

Challenging the Annenbergs’ Public Education Challenge Grants, Still Searching for AISR@Brown as a Form 990 filer, Still Scrutinizing Why We Accept that Privately Controlled, Synched, Billion-Dollar, Tax-Exempt Foundations Care about the Public as Much as About Controlling Their Collective Assets (and the Public, Lest We Start Demanding a Better Look at the Books!) with case-sensitive short-link ending “-6yC”

The first several paragraphs here overlap from the originating post, before I “get into it,” scrutinizing some of the Forms 990PF and relationships between various Annenberg projects and their main foundation. *** [see below next para. and link]

As previously explained (on the last post, above), this is a large family foundation (well, at least one) whose primary wealth came from ownership of publications/media field — the sale of “Triangle Publications,” by a second-generation business success, Walter H. Annenberg.

  • The NGA (National Governors’ Association) which controls its foundation (501©3) thereby allowing direct corporate “Fellows” concentration, with privileged access, to its conferences that normal citizens cannot attend (i.e., Pay-Us-To-Play in the “major leagues,” but for which no financials are shown, that I can see (view tax returns of the supporting “NGA Center for Best Practices” for more details).  The ‘NGA” is one of the “Big Seven” associations coordinating efforts before the Congress on their own behalf.  [no reminder text or images provided here; it’s more distant blog history…]
  • …and now, more recently, I see the NAAG (National Association of Attorneys General) and NASCO (National Association of State Charity Officials), the NAAG’s “Mission Foundation” (formed in 2002? with funds from MSA Tobacco Settlement), and I haven’t yet explored in depth, but there are plenty of visuals showing a “NAGTRI” (Training and Research Institute) said to have been created in 2007 (logo below, accessible through main NAAG.org website).  Then again, it’s hard to explore what one can’t even access yet.

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The Broad Institute (MIT, Harvard, TBF*, 2008) and Stanley Family Foundation (see MBI, Inc.)-funded Center for Psychiatric Research (“schizophrenic, bi-polar”) Testing and Treatment Advocacy (“TAC”) and Gene-Editing (CRISPR-Cas9) USPTO Patent Wars with UCBerkeley et al. (written 6/15/17, posted 7/23/2017)

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Post name and shortlink: The Broad Institute (MIT, Harvard, TBF*, 2008) and Stanley Family Foundation (see MBI, Inc.)-funded Center for Psychiatric Research (“schizophrenic, bi-polar”) Testing and Treatment Advocacy (“TAC”) and Gene-Editing (CRISPR-Cas9) USPTO Patent Wars with UCBerkeley et al. (written 6/15/17, posted 7/23/2017). (case-sensitive shortlink ends “=71z”)…


This post had a preview, published in June, with similar, multi-component title reflecting how many components there are to these situations (and, institutes):

More info on/from the “Speaking of Projects and Nonprofits” post:

That post also looked at a website “PgEd.org” supposedly helping educate readers on basic concepts (genotype v. phenotype) although on closer look, doing a good job of soliciting for participants and (if I recall it right) PR for the cause.  It’s located at Harvard Medical School Dept. of Genetics (i.e., NOT a separate 501©3?  Only a thorough search would say for sure), but acknowledges a recent “generous contribution” from Professor Jennifer Doudna.  On closer examination of the PgEd.org page (in that post) I showed how it’s more promotion than education (poor definitions, circular references, in between plugs for participation in getting personally genome-sequenced…)

PgED links to GETed conferences (started in 2010?) which go global, and are hosted by a 501©3 “PersonalGenome.org” started only in 2005 (at Harvard Med School).  Again, they want volunteers to give their personal data and for it to be shared globally and across institutions.  Meanwhile, The Broad Institute wants those CRISPR patents… The PersonalGenomes.org simplified website, to its credit, does post under “Donate” its own street address, IRS status and even EIN# 26-2973607 but, shamefully (it’s been now a dozen years!) not one Form 990 or audited financial statement.

There is no “financials” page. Having browsed their very few Form 990s (2008 first –> current) and seen employees ranging from “0” to “4” and a board of only 6, with minimal contributions until a single $1,000,000 grant given 12/31/2011 (and afterwards, times of running in the red nevertheless) I can see why they may not be encouraging a closer look. Then in 2015, organization changed its name to “Open Humans Foundation.”  This website DOES post prior Forms990 (and reference the namechange). Another surprise: its legal domicile is North Carolina, not MA.


(NC filing shows timing of the name change).

 

Only registered for MA in 2012…(per state-level websites recording corporation names in both states.

Note:  These typically come with disclaimers, but a search will show that on-line as of today (7/26/17 by now).  Also interesting — in neither state were annual reports showing as filed.  First, it didn’t file them (at least visible on-line, see “disclaimer” comment) for several years in NC, then after 2012, it didn’t file for four more years, until 2016.  Guess if there’s enough professionals, MDs, PhDs, or important people on the organizations, they don’t have to obey normal laws regarding nonprofit registration, and corporate annual reports at the state level??

Same EIN#26-2973607 Diff’t Name. (Open Humans Foundation in Boston, formerly “PersonalGenomes.org”). The indication “MA” as legal domicile (Header Info, bottom-right) doesn’t match Business Entity records in MA or NC, which say it’s NC…

Same EIN#26-2973607 Orig. Name, Form 990EZ for 2008; this form doesn’t prompt for legal domicile…

 

This section and info. was added post-publication on 7/26/2017 (along with the Two Tax Returns excerpts and “PgEd.org” images extending below this section’s border) and will be discussed separately, soon. I’m just bringing it up here to “prime the pump” for a future post.

PgEd.org home banner (a Project of Harvard Med. School Dept. of Genetics) says it got a generous contribution from UCBerkeley’s (See “Doudna Lab”) Professor Doudna (Harvard + MIT’s and TBF’s “The Broad Institute” meanwhile warring with UCB (and Prof. Doudna) over CRISPR patents). No caption, no date on the pix…how “educational.”

PgEd.org home banner (7/2017). Emphasis on personal genetics + sequencing.

PgEd.org home banner (a Project of Harvard MedSchool Dept. of Genetics

PgED: Alfred P. Sloan Fndtn, Sundance Festival into it too…(No caption, no date, on the photo. How “educational”…)


(MIT, Harvard, TBF,* 2008)” refers to the leadership (per its inc. papers available at Commonwealth of Massachusetts business entity search site). “2008” refers not to “TBF” but to The Broad Institute’s incorporation date. I mention this because records show that just before 2008, TBF changed its accounts (EIN# and legal entity registered with the state, as I recall, as next paragraph mentions.  I wonder if the two planned events were somehow related.

This also affected or related to filings regarding (but not the topic of this post) two other, much smaller, Broad-funded nonprofits active in training individuals urban school leadership with a view towards its reform. That seems a lot of shifting identities shortly before the major recession IN 2008. (Those nonprofits featured training of school leadership.  See previous posts.)

*TBF = “The Broad Foundation,” which as “it” changed EIN#s ca. 2006-07, but specially IRS-ruled “not a termination,” fiscally (or, at minimum two different entities associated with/filing under two different EIN#s), I guess one might say it was a paranormal succession of two-into-one foundations, with some name-shifting between which was the d/b/a of the other.  (I posted on it earlier, some images here for reminders). Not the main point in this post, except for the ability to pull off some phenomenal societal shifts, when there’s enough financial and famous philanthropic names weight to be thrown around, with friends and associates, towards causes they believe in.


Like many philanthropists, Eli and Edythe Broad are active in many areas — the arts, education, architecture, development, and for purposes of this post, scientific research with a focus on the biomedical, genetic, psychiatric and the Human Genome with a view towards applications.

It’s a fascinating field, it’s a mark of this century (and the last part of the 20th), and even just the technology facilitating study or experimentation in it, is a whole other story.  If I weren’t doing this blog, I’d be interested in that field in general and as it intersects with our family line which seems to have a scientific streak (as well as manipulative, bullying streak) somehow “bred into” it.  But in blogging it here, my focus after posting some of the fairly recent news, is still on reconstructing the “genealogy” and “DNA” of its major philanthropic and university (collaborating) investors/funders and funding families.

Blogger comments re: timing of this post (see title).  Other than this update, and adding information on one more institute (Whitehead Institute for Biomedical Research — at MIT, but its own EIN# since the 1980s, say its tax returns) and that is a short post, for a change!

I have been working and focusing hard for more than a month to update the “Do You Know Your…” theme in three major parts, and ancillary posts.  These are major networked nonprofits, each with its own tax returns — many parts, and a patterns developing over time within them, each with its websites, and all with their sponsors, and interrelationships.

#4 from USTreasury OCC’s BankDerivatives Rept March08

I needed a mental break and “time-out” for a bit from that subject matter and clicking through the same websites over and over to dredge out the pieces of the puzzle.  I enjoyed the detail (especially on the state CAFR and US Treasury reports), but the drudgery of poorly-organized, repetitive posts and finding more and more evidence of “skullduggery” in the nonprofit sector with not one, but several different organizations…  It’s not without its rewards (like increased understanding), but while study and posting on a single topic, I am immersed in that subject matter, sometimes to the point of dreaming about posting on it, or discovering key points about them.  

So having accomplished several legs of this project I decided to return to the previous topic here for a while, around themes and organizations listed in post title.   It’s also a fascinating one.  The “heavy lifting” on this post was already done.  I’m not re-viewing the content in detail (I did re-read it), but am adding some on the Whitehead Institute for Biomedical Research organization mentioned on the Wikipedia which I believe puts the development of the Broad Institute in some chronological perspective.
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Written by Let's Get Honest

July 23, 2017 at 7:51 pm

Posted in 1996 TANF PRWORA (cat. added 11/2011)

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Speaking of Projects and Nonprofits Funded by The Broad Foundation…. How about The Broad Institute (and its role in waging Patent Wars over CRISPR (Gene Perturbation, RNA/DNA cutting-edge research) with UCBerkeley?) [Publ. June 18, 2017]

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Speaking of genetics, here’s the geneaology of this post Speaking of Projects and Nonprofits Funded by The Broad Foundation…. How about The Broad Institute (and its role in waging Patent Wars over CRISPR (Gene Perturbation, RNA/DNA cutting-edge research) with UCBerkeley?) (case-sensitive short-link ending “-720” that “0” is a zero, not O as in “Ohio.”).  

My unpaid, ad hoc “developmental editor” (sounding board for coherence, flow, and how it communicates the central ideas, not personally involved in the primary content I report on, by now familiar with the blog and my writing style), suggested I not dilute the middle of the previous (parent) post (“Why Bother to Unravel….”) with this fascinating information on another Broad Foundation project at Harvard & MIT.

I didn’t want to add this fascinating information to the end of the “Why Unravel…?” post (full title and starting sentences — see image below left)  — it was too relevant and interesting to be that far down — so a new post it is as of June 15, 2017 (so far). (and now published..//LGH)

I already had a second, more detailed (older sibling?) post** started on the same topic, so this can stand in as a preview. (**The Broad Institute (MIT,Harvard, TBF*, 2008) and Stanley Family Foundation (see MBI, Inc.)-funded Psychiatric Research (“schizophrenic, bi-polar”) Testing & Treatment Advocacy (TAC) and Gene-Editing (CRISPR-Cas9) USPTO Patent Wars with UCBerkeley et al. (case-sensitive short-link ending “-71z” and post started June 14, 2017, currently in draft published in July). I’ll post the link again at the bottom.

After following that ad hoc editor’s advice, I then somewhat ignored it by still leaving in a shorter section, (a “footprint”– image below-right with extended caption) then expanding further upon another of the organizations of the type I was blogging, that is, upon the Council of State Governments, an association of the same generic “type” as the one which had received a $10.5M grant long ago for a MIA (“Missing-In-Action” that is, not to be found in anything resembling $10.5M worth of product, or as described) project by the Council of Chief State School Officers.  From the earlier version of The Broad Foundation (dba of “The Eli and Edythe Broad Foundation.”)

Snapshot of my June 16 2017 post, the section referring to The Broad Institute (involving Harvard, MIT & The Broad Foundation) and their recent patent wars with UCBerkeley over CRISPR processes), and the “footprint” of Broad Institute info left at the “Why Unravel” 6/16/2017 post more on private associations named after public officials or entities (State legislators, Governors, Mayors, City Managers, School Facilities Planners, or, case in point, Chief State School Officers).


But first, a bit of “genealogy” of The Broad Foundation, or as they now say “The Broad Foundations.” (their financial statements identify what’s meant by that — includes one related to art).

I’ll pick up the narrative with a reminder below this section.

First, A Bit About The Broad Foundation

(Some consciousness-raising from its website, global financial history events in mainstream media about an insurance company it bought for $52M, sold for $18B a generation later, after which the US Taxpayers had to bail out the insurer for $85B, AND they also paid some of its CEOs $165M to stay on and straighten out the mess they’d made, and pay a nearly $1 billion settlement to shareholders.  As I’m reviewing this, and the startup of the Broad Institute at JUST ABOUT the same time, I’m also remembering how the Broad Foundation (will summarize below again) switched its EIN# and corporate Entity#s, moving assets smoothly from one to another, while persuading the IRS it wasn’t a real termination of the earlier one.

In addition (as it reminds me) exceptions were made for their “Broad Center” (with both old and new nonprofits focused on training urban education leaders) on its 990s, despite being primarily funded by The Broad Foundation (old & new EIN#s both) in stating that the major philanthropic foundation wasn’t “really” a related entity (as the IRS form prompts to reveal), despite being the major funder and having major overlap of board of directors in common (typical indicators).  I won’t post that info here (might have previously), or it might overburden this post, but will respond to any comment asking for the details.  Or, you can go through the process I did, and read the involved Form 990s of all four entities around the time of transition.  I posted some of it near the bottom of my recent (June 16, 2017) post.)


“Broad” in this foundation is not pronounced like a derogatory term for women, but to rhyme with “road” or “Rhodes” as in a Rhodes scholarship.  

Current website features education first (Education, Science, and the Arts) and uses very large font, many pictures and bright colors, while (as I found with theBroadCenter.org) no easy link to find the financials. A link to “Foundation Report” will instead lead to descriptions of their projects.  No audited financial reports and certainly no Form 990PFs (next two images).

It also has the short version of their astounding success from humble origins (Detroit Public Schools, Michigan State, married straight out of college, Eli Broad went from CPA to homebuilder [nationwide AND France], making homes without basements therefore more affordable to young people, Kaufman & Broad for a while, also purchasing SunLife (retirement savings for the Baby Boomers he was already selling homes to), and moving to Los Angeles by 1963:

In 1971, Eli acquired SunLife, a small insurance company founded in 1890, for $52 million and transformed it into a new business that would answer another essential public need: offering secure retirement savings to aging Baby Boomers—the same customers who bought homes from Kaufman and Broad. SunAmerica, as Eli renamed the company, provided retirements for a generation of Americans. The company was the best-performing on the New York Stock Exchange for a decade, brought thousands of jobs to Los Angeles and created wealth for its employees, shareholders and Eli’s family when he sold the company to AIG for $18 billion in 1999.

AIG was world’s largest insurer.  Only nine years later, after the Broads got out of it, with MAJOR profits creating no doubt debt to be funded, in 2008, the U.S. taxpayers bailed out AIG…. Wall Street Journal article (see image.  Unfortunately, WSJ  wants a subscription to read it all; but I’ll bet most of my readers over the age of 20 may remember events of 2008).  (U.S. to Take over AIG in $85 Billion Bailout: Central Banks Inject Cash as Credit Dries Up | Emergency Loan Effectively Gives Government Control of Insurer; Historic Move Would Cap 10 Days That Reshaped U.S. Finance)

WSJ on AIG Takeover (date: Sept. 2008)Click image if needed to read the preview shown

An April 11, 2017 retrospective in “The Balance.com” by Kimberly Amadeo, recounts how the AIG bailout made (then-chairman of the Federal Reserve) Benanke angrier than anything else.  A good reminder of how it happened and how many were involved, I’d read it…
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Written by Let's Get Honest

June 18, 2017 at 5:36 pm

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