Hedge fund CEO gives $3bn to Carnegie Mellon University in historic donation
Unprecedented university donation from Citadel CEO Ken Griffin will go toward building a new Miami campus Carnegie Mellon University will receive an unprecedented $3bn donation from billionaire investor Ken Griffin, making it the largest single donation in the history of US education. Griffin, 57, is the founder and CEO of Citadel, described as the most profitable hedge fund in history. The money…
Citadel CEO Ken Griffin has made history with a $3 billion donation to Carnegie Mellon University, the largest single donation in US education history. The funds will be used to build a new Miami campus as well as bolster the university's existing presence in Pittsburgh. Griffin, a billionaire investor, is the founder of Citadel, once the most profitable hedge fund in the world.
The Miami campus will support over 3,500 students, 300 faculty, and 600 staff members, with construction set to begin in 2027. A significant portion of the donation, $1 billion, will go toward Carnegie Mellon's computer science school and address affordability concerns. The new campus will focus on tackling societal challenges, including human health, energy, and climate resilience. Griffin, who also increased his investment in Miami, will join Carnegie Mellon's board of trustees.
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