Hedge fund CEO Ken Griffin just made the single biggest donation ever to a U.S. university
Carnegie Mellon University announced Wednesday that hedge fund CEO Ken Griffin is donating $3 billion, with the bulk of the money for a new campus in Miami focused on societal challenges. The Pittsburgh-based private research university said the gift is the largest ever single gift to a U.S. university. Other donations topping the billion-dollar mark include $1.8 billion from former New York City…
Carnegie Mellon University announced on Wednesday that hedge fund CEO Ken Griffin has donated a staggering $3 billion to establish a new campus in Miami. The donation is the largest ever single gift to a U.S. university, surpassing previous billion-dollar contributions from other notable donors such as Michael Bloomberg and Phil Knight.
Griffin's donation will fund a 35-acre campus focused on societal challenges, including human health, national security, energy, and advanced manufacturing. The bulk of the money will be used to build a new campus in Miami's Wynwood neighborhood, which is expected to enroll around 3,500 students. The remaining funds will be split between Carnegie Mellon's computer science program and other unspecified projects on the main campus.
The university's president, Farnam Jahanian, praised Griffin for recognizing the importance of addressing technological changes through education. With a media empire and waterfront home in Miami, Griffin has a personal connection to the city where the new campus will be located. The city already hosts other major universities, making it an ideal location for Carnegie Mellon's expansion.
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