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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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Carnegie Mellon to open Miami campus after multibillion-dollar gift from hedge fund CEO Ken Griffin
PITTSBURGH — Carnegie Mellon University will open an innovative campus in Miami after a $3 billion donation from hedge fund CEO Kenneth Griffin, whose nationally historic gift will also aim to bolster CMU’s flagship Pittsburgh campus. The gift from Griffin…
Citadel Griffin Donates $3 Billion to Carnegie Mellon University… Largest in U.S. University History
(New York = Yonhap News) Correspondent Lim Soo-jung = Ken Griffin, founder and CEO of U.S. hedge fund Citadel, has donated a total of $3 billion (4 trillion...) to Carnegie Mellon University (CMU)
·Seoul, Korea (the Republic of)
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Total News Sources138
Leaning Left30Leaning Right17Center66Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 27%
C 58%
15%
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