Hedge fund CEO gives $3bn to Carnegie Mellon University in historic donation

A historic $3 billion donation from Citadel CEO Ken Griffin will fund Carnegie Mellon University’s expansion, including a new Miami campus and major upgrades in Pittsburgh. The single largest education donation in U.S. history comes from the founder of one of the world’s most profitable hedge funds. The funds will support both the university’s growing presence in Florida and its established programs in Pennsylvania. The unprecedented gift underscores the role of private wealth in reshaping higher education.

Unprecedented university donation from Citadel CEO Ken Griffin will go toward building a new Miami campusCarnegie Mellon University will receive an unprecedented $3bn donation from the 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 is going toward a new Miami campus as well as big investments at the university’s longtime home in Pittsburgh. Continue reading...