Ideas, More Than Money, Are Really The

Collecting Is More Than Just Buying Objects.

Most Museums - With All Their Burdens To Pay For Exhibitions, Administration, And Security - Really Don't Have Any Money Really To Acquire Art, With Few Exceptions.

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.

Unfortunately, The Boards Of Art Institutions Tend To Be Populated With Well-meaning Supporters Of The Arts Who Often Lack Any Business Background Or Appetite For Imposing Appropriate Discipline.

If People Want To Criticize Me Because It Sells Papers, That's Fine. I Just Don't Like It When It's Inaccurate.