Hedge fund CEO gives $3bn to Carnegie Mellon University in historic donation
Summary
Billionaire Ken Griffin is donating $3 billion to Carnegie Mellon University, the largest single donation in US education history. The money will support a new campus in Miami and strengthen programs like computer science and financial aid at the Pittsburgh campus.Key Facts
- Ken Griffin is the founder and CEO of Citadel, a highly profitable hedge fund.
- $3 billion donation is the biggest single gift ever given to a U.S. university.
- Funds will be used to build a new campus in Miami and enhance Carnegie Mellon’s Pittsburgh campus.
- The Miami campus will open in 2027 and focus on solving big social challenges like health, security, and climate.
- $1 billion of the donation will support Carnegie Mellon’s computer science school, renamed the Kenneth C Griffin School of Computer Science.
- Griffin has donated around $2.4 billion to Miami-area causes since moving Citadel’s headquarters there in 2022.
- Griffin will join Carnegie Mellon’s board of trustees, which includes other billionaire donors.
- The donation reflects growing interest in funding science and tech education as artificial intelligence changes the economy.
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