A Quote by Eli Broad

To me, money is a means to do good. I reached a point in my life where I had enjoyed tremendous business success that afforded my family everything we could possibly want. My wife and I then decided that we could use our wealth to make a difference. So we created the Broad Foundations to do four things: to improve urban public education, to support innovative scientific and medical research, to foster art appreciation for audiences worldwide and to support civic initiatives in Los Angeles.
Nevertheless, the Tenth Commandment-'Thou shalt not covet'-recognizes that making money and owning things could become selfish activities. But it is not the creation of wealth that is wrong, but love of money for its own sake. The spiritual dimension comes in deciding what one does with the wealth. How could we respond to the many calls for help, or invest for the future, or support the wonderful artists or craftsmen whose work also glorifies God, unless we had first worked hard and used our talents to create the necessary wealth?
Education is a very empowering experience, so many people who went to school also managed to improve their quality of life much faster because they could get a job, they could get money. Once people see that you improve your life if you are educated, then education becomes a valuable tool and people want it.
Civic engagement means working to make a difference in the civic life of our communities and developing the combination of knowledge, skills, values and motivation to make that difference. It means promoting the quality of life in a community, through both political and non-political processes.
When I could have used a wife, I could not support one; and when I could support one, I no longer needed any
When Americans support using our military abroad, they want to see a clear plan. They want to know what they need to do and when - and policymakers want to know that there's broad public support for the effort.
Great wealth could make an enormous difference over the next decade if they sensibly support the scientific elite. Just the elite. Because the elite makes most of the progress. You should worry about people who produce really novel inventions, not pedantic hacks.
Education of course is a very empowering experience, so many people who went to school also managed to improve their quality of life much faster because they could get a job, they could get money, and with money you could buy things that you cannot buy if you don't have money.
When I landed in L.A. in early '89, William Morris decided to take me on to see if I could get any jobs. I was cast in a TV movie called Protected Surf, and made $30,000 in four weeks, and I decided I needed to take acting seriously, because I had never made that much money in a year, much less four weeks. That's when I decided I thought I could make a career out of it.
The point of public relations slogans like "Support Our Troops" is that they don't mean anything ... that's the whole point of good propaganda. You want to create a slogan that nobody is going to be against and I suppose everybody will be for, because nobody knows what it means, because it doesn't mean anything. But its crucial value is that it diverts your attention from a question that does mean something, do you support our policy? And that's the one you're not allowed to talk about.
The support of my mother has made such a difference in my life, sacrificing everything to make sure that we went to school, did our homework, got an education. That was one person supporting me, and it takes more than one person in our community to help raise our children.
In the four decades of philanthropy that have paralleled my business career, I've found that the same principles apply whether you're providing access to capital to grow a business, creating a new paradigm for medical research, or pioneering innovative approaches to education: Empower the most talented people in each field and encourage them to pursue their passions.
I saw things that reached a point that I could no longer conscientiously participate with them. And I simply do what I could to allow the public to make a better decision about whether or not these things should continue.
I knew hundreds and hundreds of women like me, who had traveled in and out of prison in a revolving door. They needed support and help just like I had received. And it could make a difference, just like it had made a difference in my life. I wanted to see them come back to the community and have a chance at a different life, too.
You could say I'd rewritten the same novel three times and I thought I had to move on. The success of the book, and then the movie, had by then also created a commercial expectation and I remember touring America and seeing people in the audiences who I thought might not want to read the books I wanted to write next. My constituency had become broader, but more mysterious to me.
When I began working in Yahoo, my family moved with me. Despite our efforts, our kids wanted to study in Los Angeles, and I was forced to see my family and friends only on weekends. In the beginning I even enjoyed it, but knew that at some stage I'd want to go back home.
Considering community support and cost-benefit analysis, I have supported earmarks for projects of high public purpose involving such areas as higher education, alternative energy, transportation, medical research and military infrastructure.
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