Harvard University announced on Tuesday that Kenneth C. Griffin ’89, a billionaire hedge fund CEO and Republican donor, has donated $300 million to the Faculty of Arts and Sciences. This brings Griffin’s total donations to the university to more than half a billion dollars. In recognition of the gift, the university will rename the Graduate School of Arts and Sciences after Griffin.
The donation is unrestricted and can be used for purposes of Harvard’s choosing. Griffin made his fortune in finance, founding the investment firm Citadel LLC in 1990 and the trading firm Citadel Securities in 2002. The funds will support teaching and research at the Harvard Kenneth C. Griffin Graduate School of Arts and Sciences, which is celebrating its 150th anniversary during the 2022-23 academic year.
Harvard University announced on Tuesday that Kenneth C. Griffin, CEO of the hedge fund Citadel, has donated $300 million to Harvard’s Faculty of Arts and Sciences. With this donation, Griffin has given more than half a billion dollars to the University. The graduate school of arts and sciences will be renamed after Griffin in honor of his generosity.
The unrestricted gift will support long-term excellence in teaching and research in various fields of the school. Griffin has also donated more than $1.5 billion to various charitable organizations, including the Art Institute of Chicago and the Obama Foundation. The newly-named Kenneth C. Griffin Graduate School of Arts and Sciences is the third Harvard school named after a donor since 1638.
Conclusion
Harvard University receives an extraordinary $300 million donation from Kenneth C. Griffin, CEO of Citadel LLC. The unrestricted gift supports teaching and research, leading to the renaming of the Graduate School of Arts and Sciences. Griffin’s generosity exceeds half a billion dollars, leaving a lasting impact on Harvard’s academic endeavors.
