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Leaders in Education, Science, the Arts Named to The Broad Foundations Board of Governors

FOR IMMEDIATE RELEASE
Contact: Karen Denne

Wednesday, March 21, 2007
(310) 954-5058


LOS ANGELES - Thirteen distinguished leaders in the fields of education,
science, the arts and business have been named to The Broad Foundations
board of governors, founder Eli Broad announced today.

The Broad (pronounced "brode") Foundations, with assets of $2.25 billion,
are focused on entrepreneurship for the public good in education, science
and the arts. The newly appointed board of governors will lend their
expertise to The Broad Foundations' philanthropic investments in these
areas.

The board of governors is comprised of the following:

David Baltimore - president emeritus, California Institute of Technology,
Nobel Laureate

Henry G. Cisneros - CEO of CityView America, former U.S. secretary of
housing and urban development, former mayor of San Antonio

Robert A. Day - chairman, TCW Group, Inc., president of the W.M. Keck
Foundation

Paul N. Frimmer - Irell & Manella, LLP

Jana W. Greer - president, AIG SunAmerica Retirement Markets, Inc.

Kent Kresa - chairman emeritus, Northrop Grumman

Barry Munitz - trustee professor, California State University, Los Angeles,
former president of The J. Paul Getty Trust, former chancellor of the
California State University

Roderick R. Paige - chairman of Chartwell Education Group LLC, former U.S.
secretary of education

Richard J. Riordan - former California secretary of education, former mayor
of Los Angeles

Morton O. Schapiro - president and professor of economics, Williams College

Andrew Stern - international president of Service Employees International
Union

Larry Summers - Charles W. Eliot university professor at Harvard University,
former president of Harvard University, former U.S. secretary of the
treasury, former chief economist for the World Bank

Jay S. Wintrob - president and CEO of AIG Retirement Services, Inc.

"My wife Edythe and I are pleased to have the expertise and counsel of such
an accomplished board of governors," Broad said. "Individually and
collectively, they share our commitment to and passion for dramatically
improving education, advancing scientific and medical research and fostering
public appreciation for the arts."

The Broad Foundations were founded more than 40 years ago by Eli and Edythe
Broad. Eli Broad is a renowned business leader who founded two Fortune 500
companies -- KB Home and SunAmerica, Inc. The Broad Foundations are
comprised of The Broad Foundation and The Broad Art Foundation. The Broad
Foundation is focused on dramatically improving urban K-12 public education,
advancing scientific and medical research in the areas of human genomics,
stem cell research and inflammatory bowel disease, and working to create a
vibrant cultural core in Los Angeles. The Broad Art Foundation is a lending
library of contemporary art. For more information, please visit
www.broadfoundations.org.

— Press Release
Broad Foundation
2007-03-21


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