Broad Foundation Awards $100 Million to Yale School of Management

Broad Foundation Awards $100 Million to Yale School of Management

The Eli and Edythe Broad Foundation has announced a $100 million gift to Yale University to launch an initiative at the university's business school focused on training future generations of public education leaders.

The largest gift ever to the Yale School of Management will facilitate the move of the Broad Center, currently located in Los Angeles, to Yale SOM and support the launch of a master's degree program for emerging public education leaders, an advanced leadership training program for top public school system executives, and a research effort focused on the collection of high-quality data on public education leadership. Leveraging Yale SOM's expertise in management education, the Broad Center at Yale SOM will build on the work of the Broad Academy (established in 2002) and Broad Residency program (established in 2003) and develop research, teaching, and policy initiatives devoted to improving the effectiveness of top leaders in America's public school systems.

To that end, the center will offer a tuition-free one-year master's degree in education management for early-career leaders and a tuition-free advanced executive training program for superintendents and CFOs to about fifty school and district leaders annually. According to the university, the center will work to position itself as a platform for reimagining how best-in-class management practices can improve the performance of public school districts and deliver benefits for schools, students, teachers, administrators, and communities across the country.

"Those outside our community may be surprised to see a business school dedicate a major program to public education, but this is exactly the type of issue our school has always cared about — one where leadership informed by systemic thinking, rigorous analysis, and compassion can make a real difference for communities," said Yale SOM dean Kerwin K. Charles. "We share this core vision with the Broad Foundation, and I am excited to see how the strengths of this school and the strengths of the Broad Center can combine to help us realize it."

"I'm very proud of what we've accomplished in the last twenty years," said Eli Broad, "and I can think of no better future for the Broad Center than Yale University."