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$26 million gift from billionaire for new art museum at Michigan State

06.01.07 | technician | In art, school, east lansing

Following on the heels of the debate over cutting arts funding in the state budget, something that would not even make a dent in the number of dollars that really needs to be collected in replacement taxes Michigan State University is about to get a new state of the art art museum. Here’s what the billionaire donor has to say about the gift: “A great university needs a great museum, since the arts stimulate learning and creativity throughout the entire campus.”

EAST LANSING, Mich. (AP) — Michigan State University received its largest individual cash gift ever Friday, picking up $26 million from alum Eli Broad and his wife, Edythe, to help build a new art museum on campus.

Broad, 73, is a 1954 graduate of Michigan State. The billionaire lives in the Los Angeles area and his philanthropy has aided several educational, business and art projects. He made his fortune in real estate and finance.

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