Eli Broad honored

Billionaire Eli Broad is being honored today for his years of philanthropic work by the Carnegie Foundation.

Broad is among four honorees who are saluted every two years with the award that is given to families and individuals who have "dedicated their private wealth to the public good and who have sustained impressive careers as philanthropists" in the spirit of Andrew Carnegie.

The others to be honored at the Pittsburgh ceremonies today include the Heinz family, the Mellon family and the Tata family.

Broad, a major player in Los Angeles, is known for his philanthropic work in the cultural, education and scientific fields. Among his donations is $200 million for the creation of the Eli and Edythe Broad Institute for Biomedical Research.