How Eli Broad gives his billions away

Eli Broad sets the standard for philanthropy. He's given away over $2 billion and plans on leaving even more before he dies. But along with his name, his advice and oftentimes his control are usually part of the deal. Morley Safer reports.


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Extra: A peek at Eli Broad's art collection
Eli Broad has collected so many pieces of art that some have to be stored in a warehouse. One piece in particular puzzled Morley Safer



Extra: Eli and Edye Broad's "joint venture"
Eli Broad and his wife Edye explain to Morley Safer how they approach the philanthropic side of their lives like a joint venture.


Extra: Investing in science
Eli Broad invested hundreds of millions of dollars in a scientific research institute, the Broad Institute in Cambridge, Mass. Its scientific discoveries and breakthroughs are in the public domain, available to everyone.