Citadel's Griffin donates $3 billion to Carnegie Mellon with plans for Miami campus
The gift includes $2 billion for a 35-acre Miami campus and $1 billion for Pittsburgh programs, with enrollment expected to top 3,500 students.
- On Wednesday, hedge fund CEO Ken Griffin announced a $3 billion donation to Carnegie Mellon University to fund a new 35-acre campus in Miami's Wynwood neighborhood and support the Pittsburgh campus.
- Griffin, who moved Citadel's headquarters from Chicago to Miami in 2022, has increasingly shifted his business interests to South Florida, redirecting resources away from New York City following a dispute with Mayor Zohran Mamdani.
- The donation will be split, with $1 billion allocated to Pittsburgh to rename the School of Computer Science, while $2 billion funds the Miami campus focus on "grand challenge areas" like human health and energy resilience.
- CMU President Farnam Jahanian said the Miami campus will "pioneer a new model for higher education" when it launches in 2028, with the campus expecting to enroll around 3,500 students as Griffin joins the Board of Trustees.
- Griffin told Reuters this is "the largest single investment in higher education in the history of the United States," surpassing the $1.8 billion donation former New York City Mayor Michael Bloomberg gave to Johns Hopkins University in 2018.
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The head of Citadel's investment company, Kenneth Griffin, donated $3 billion to Carnegie-Mellon University, which was the largest single donation in the history of American higher education. American businessman Kenneth Griffin donated $3 billion to Carnegie-Mellon University in Pennsylvania, and gave RIA News with reference to The New York Times. Previously, the largest charitable contribution to an American university was made by the founder …
Ken Griffin Announces Record $3B Donation to Carnegie Mellon
Billionaire hedge fund manager and philanthropist Ken Griffin is announcing the largest-ever donation from an individual to a university. Griffin’s $3 billion donation to Carnegie Mellon University is record-setting and comes with equally high ambitions. Reporting for TODAY, NBC’s Stephanie Gosk sits down with Griffin as well as the university’s president, Farnam Jahanian, to discuss their goal to rethink higher education and prepare students fo…
Local 3 News
KEZI 9 NewsBillionaire hedge fund manager Ken Griffin reinforces his commitment to Miami by announcing a $3 billion grant this Wednesday to help fund a new campus at Carnegie Mellon University (CMU) in the city.
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