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Elliott Broidy

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Elliott Broidy
Born1956 or 1957 (age 67–68)[1]
EducationUniversity of Southern California
Occupation(s)Venture capitalist, philanthropist
Political partyRepublican Party
SpouseRobin Rosenzweig
ChildrenRachel Broidy
Lauren Broidy
Nathaniel Broidy
Parent(s)Sherman G. Broidy
Dorothy Horowitz

Elliott Broidy (born 1956/1957) is an American venture capitalist, Republican fundraiser, and philanthropist.

Early life

Broidy is the son of Sherman G. Broidy (1924-2014), an educator and property developer, and Dorothy Horowitz.[2]

Broidy graduated from the University of Southern California, where he received a Bachelor of Science degree in Accounting and Finance.[3][4] He is a Certified Public Accountant (CPA).[3][4]

Career

Broidy started his career in finance at Arthur Andersen.[4] He was Managing Director at Bell Enterprises from 1982 to 1991.[4] In 1991, he founded Broidy Capital Management, an investment firm.[3][4] He then served as its Chairman and Chief Executive Officer.[3][4][5]

Broidy served as Chairman of ESI Holdings, an event management firm.[3] Additionally, he served on the Boards of Directors of the Foley Timber and Land Company, and Vantis Capital Management.[3][4] He served as Commissioner and Chairman of the Alternative Investment Committee of the Los Angeles City Fire and Police Pension Fund from 2002 to 2009.[3][4][6] He served on the Board Governors of the California-Israel Chamber of Commerce.[4]

In 2006, he was appointed by Secretary Michael Chertoff to the Homeland Security Advisory Council as well as the Terrorism Task Force and New Technology Task Force. In the same year, President George W. Bush appointed him to the Board of Trustees of the John F. Kennedy Center for the Performing Arts.[7]

In 2002, Broidy founded Markstone Capital, a private equity firm which invested in companies in Israel. The lead investor was the New York State Common Pension Fund.[3][4][8] In 2009, Broidy entered a guilty plea to a single felony count of attempting to provide excess gratuity to former New York State Comptroller Alan Hevesi, but the charge was later reduced to a misdemeanor.[6][9][10] Although the New York State Common Retirement Fund was not harmed by Mr. Broidy’s actions, Mr. Broidy paid $18 million in restitution of management fees paid by the New York State Retirement Fund to Markstone. Rob Eshman, the editor of The Jewish Journal of Greater Los Angeles, who published a scathing attack on Broidy after he entered his original plea, later publicly praised Broidy for taking full responsibility for his actions.[11]

Broidy was the executive producer of two films: Sugar and Snake and Mongoose in 2013.[12]

Politics

Shortly after 9/11 Broidy became interested in the safety and security of his country and decided to start supporting candidates who also felt strongly about this issue. He joined the Republican Jewish Coalition[[6]] and ultimately became a member of the Board of Trustees, a position he still currently holds. Between 2002 and 2004 he became a “Super Ranger", donating more than $300,000 to re-election campaign of President George W. Bush.[[13] From 2004 to 2006 he raised campaign funds for many Republican candidates. In late 2005 he was selected to serve as Finance Chairman for the Republican National Committee from 2006-2008.[14]

In October 2006, he hosted a fundraiser for then-President George W. Bush, where US $1 million was raised.[15] Later that year, he was appointed by Secretary Michael Chertoff to the Homeland Security Advisory Council as well as the Future of Terrorism Task Force and New Technology Task Force.[3][5][6] President Bush also appointed him to the Board of Trustees of the John F. Kennedy Center for the Performing Arts.[5][6]

Broidy served as a Vice Chairman of the Trump Victory Committee a joint fundraising committee between the Donald Trump campaign and the RNC.[16]

Broidy served as a Vice Chairman of the Trump Victory Committee a joint fundraising committee between the Donald Trump campaign and the RNC.[17] In addition, he served as a Vice Chairman of the Presidential Inaugural Committee.

On April 3, 2017 Broidy was named a National Deputy Finance Chairmen of the Republican National Committee. “I am delighted to announce the addition of these longtime friends of the Party and supporters of this administration to our Finance leadership team,” said Chairwoman McDaniel".[18] Republican consultant Niger Innis commented on the move by noting that the "selection of Broidy shows that Trump is trying to unify the party by choosing an established Republican leader who is a fantastic fundraiser.”[19]

Philanthropy

Broidy served on the Board of Governors and the Endowment Committee of Hebrew Union College.[3] Additionally, he served the Board of Trustees of the Hillel Foundation as well as the Center for Investment Studies at Marshall School of Business at his alma mater, the University of Southern California.[3][5] He also serves on the Board of Trustees of the Simon Wiesenthal Center.[4][5] He has served on the Board of the Wilshire Boulevard Temple.[4] He was the 2008 recipient of the Raoul Wallenberg Award by the Raoul Wallenberg Committee of the United States for his Jewish philanthropy.[9]

Broidy has been a member of the Young Presidents Organization.[3] He also served on the Board of Governors of the Cedars-Sinai Medical Center in Los Angeles.[4] He held a fundraiser for the American Ballet Theatre in 2006.[9][20]

Personal life

Broidy is married to Robin Rosenzweig, a JD, MBA who is a former senior executive of 20th Century Fox.[5][21] After residing in Holmby Hills, they moved to Bel Air in 2005. The couple have three children: Rachael, Lauren and Nathaniel.[5]

References

  1. ^ Marc Lifsher, L.A. venture capitalist Elliott Broidy spared jail time, The Los Angeles Times, November 27, 2012
  2. ^ "Sherman G. Broidy Obituary". legacy. Retrieved 7 November 2015.
  3. ^ a b c d e f g h i j k l USC Marshall School Center for Investment Studies
  4. ^ a b c d e f g h i j k l m Bloomberg BusinessWeek
  5. ^ a b c d e f g Simon Wiesenthal Center
  6. ^ a b c d e Josh Beckerman, Just Who Is Elliott Broidy, Anyway?, The Wall Street Journal, December 3, 2009
  7. ^ "RNC Announces Additions To RNC Finance Leadership Team". GOP. April 3, 2017. Retrieved April 3, 2017.
  8. ^ Lovett, Kenneth (November 27, 2012). "No jail time for Elliott Broidy, Israeli investor guilty of giving $1 million in bribes to officials". New York Daily NEws. Retrieved 10 April 2017.
  9. ^ a b c Craig Karmin, Peter Lattman, Hevesi Linked to Pay-to-Play as Broidy Admits Guilt, The Wall Street Journal, December 4, 2009
  10. ^ The Associated Press, Guilty Plea in Fraud Case Tied to New York Pension, The New York Times, December 4, 2009
  11. ^ Rob Eshman, Elliott Broidy speaks! To me??, The Jewish Journal of Greater Los Angeles, January 9, 2013
  12. ^ imdb: Elliott Broidy
  13. ^ ]The Peggy Lipton Affair Brings Down Another Mogul, Village Voice, December 8, 2009
  14. ^ "Former RNC Finance Chair Given Minimum Sentence". Breitbart. Breitbart. Retrieved 10 April 2017.
  15. ^ Gabriel Snyder, Inside Move: H’wood picks side in campaign fund fight, Variety, October 04, 2006
  16. ^ "Announcement of 2016 Trump Victory Leadership Team". Gop.com. Retrieved 10 April 2017.
  17. ^ "Announcement of 2016 Trump Victory Leadership Team". Gop.com. Retrieved 10 April 2017.
  18. ^ "RNC Announces Additions To RNC Finance Leadership Team". AMI. April 3, 2017.
  19. ^ "Republican Party adds Experienced Fundraisers Ahead of 2018 Elections". GOP. April 3, 2017. Retrieved April 3, 2017.
  20. ^ An Evening in Bel Air to Salute the American Ballet Theatre, New York Social Diary,
  21. ^ Patti Davis, Battle Takes Shape in the Toniest of War Grounds, The Los Angeles Times, March 18, 2001
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