Citadel's Ken Griffin donates record $3B to Carnegie Mellon University

Key Points:

• Hedge fund billionaire Ken Griffin has donated $3 billion to Carnegie Mellon University, marking the largest individual gift in higher education history, to expand its Pittsburgh campus and establish a new campus in Miami.
• The donation allocates $1 billion to the Pittsburgh campus, including $500 million for the School of Computer Science, which will be renamed the Kenneth C. Griffin School of Computer Science, and $500 million for flexible funding of university priorities.
• The remaining $2 billion will fund the development of Carnegie Mellon University Miami, a 35-acre campus focusing on societal challenges such as human health, national security, energy, climate resilience, and advanced manufacturing, with construction starting in 2027.
• The Miami campus is expected to enroll over 3,500 students and employ nearly 900 faculty and staff by 2028, pending regulatory approvals, and aims to become a major hub for education and research.
• Griffin, who has concentrated his philanthropy on education and health sciences, will join Carnegie Mellon's Board of Trustees, and this gift follows his broader investments in South Florida, including Citadel's relocation and expansion in Miami.