Ken Griffin doubles down on Miami with a record $3 billion gift to Carnegie Mellon—and plans for a campus in the city Citadel now calls home
Source: Fortune ·
The Citadel founder, who moved his firm from Chicago to Miami in 2022, is bankrolling a Wynwood campus that will organize learning around societal challenges instead of majors.
From the source
Billionaires have been on a giving spree recently, particularly toward higher education. Ken Griffin, the Citadel CEO who is making major moves to reshape Miami, just committed an eye-popping $3 billion to Carnegie Mellon University, the school announced Wednesday. CMU says this is the largest gift by an individual ever given to a higher education institution, although Nike cofounder Phil Knight and his wife, Penny, just committed $1 billion to the University of Oregon and many others have made $100 million-plus gifts to other schools recently. Oil tycoon Harold Hamm recently gave $150 million to the University of Oklahoma. But Griffin’s gift is noticeably different. It’s establishing an entirely new campus in Miami. Of the $3 billion gift, $1 billion will support CMU’s Pittsburgh campus, while the remaining $2 billion will launch CMU Miami. Griffin’s big bet on Miami Griffin, a Florida native who grew up in Boca Raton, moved his family and the headquarters of both Citadel and…