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Citadel's Griffin donates $3 billion to Carnegie Mellon with plans for Miami campus
The gift is the largest ever by an individual to higher education and will fund a 35-acre Miami campus focused on societal challenges.
- 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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Miami has just become the scene of one of the largest private stakes in higher education in the United States. Ken Griffin, founder and CEO of Citadel, announced a $3 billion donation to Carnegie Mellon University (CMU), considered the largest...
Ken Griffin’s Historic $3 Billion Gift to Carnegie Mellon Fuels Transformative Miami Campus and AI-Era Expansion
Ken Griffin’s Historic $3 Billion Gift to Carnegie Mellon Fuels Transformative Miami Campus and AI-Era Expansion By: Jeff Gorman Carnegie Mellon University is embarking upon one of the most consequential expansions in the history of American higher education after hedge fund billionaire Ken Griffin pledged an extraordinary $3 billion to the renowned research institution, including […]
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Total News Sources189
Leaning Left39Leaning Right23Center83Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 27%
C 57%
R 16%
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