Listen to Eli Broad discuss his three questions
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"Would it happen anyway?"The first question draws on Broad’s entrepreneurial success; he has an orientation to create things that don’t exist. Broad’s philanthropy is rich with efforts that no one else has pursued, including the creation of the Broad Institute, which brought Harvard and MIT together for a one-of-a-kind partnership around medical research.
“Will it make a difference 20 or 30 years from now?"The second question is focused on results or, as Broad says, on how to “make the greatest change.” For Broad, that means getting results that will endure for decades. To get sustainable results, he makes large, long-term investments in opportunities, believing that to really make a difference, a philanthropist must “make bigger bets.”
"Is [the] talent leadership there that can really make it happen?”The last question is rooted in how Broad believes great ideas become reality. Whether in business or philanthropy, Broad has always believed that the success of an organization is “all about the quality of people.” Quality leaders turn innovative ideas into lasting results.
Broad asks three questions to assess philanthropic opportunities—what questions do you ask? See more from Conversations with Remarkable Givers, which features a look at more than 50 philanthropists and foundation leaders and includes an archive of more than 1,000 video clips drawn from original and private interviews about strategic philanthropy.