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Ken Griffin Pledges Record $3 Billion to Carnegie Mellon
Ken Griffin, the head of Citadel, promised Carnegie Mellon University $3 billion.
Some of the money will help the university’s existing campus in Pittsburgh.
The rest will help build a new campus in Miami.
The Miami campus will study big problems such as health, security, climate, and manufacturing.
It will combine science, technology, arts, humanities, and design.
More than 3,500 students are expected to attend when it is finished.
The campus is also expected to have nearly 300 faculty members and more than 600 staff members.
Construction could begin in 2027, and students could arrive in 2028 if regulators approve the plans.
Citadel CEO Ken Griffin pledged $3 billion to Carnegie Mellon University.
The gift includes $1 billion for Carnegie Mellon’s Pittsburgh campus and $2 billion for a planned Miami campus.
The Pittsburgh funding includes $500 million in flexible funds and $500 million for the School of Computer Science, which will be renamed for Griffin.
The planned Miami campus in Wynwood will focus on health, national security, climate resilience, and advanced manufacturing.
Construction is scheduled to begin in 2027, with first enrollment expected in 2028 pending regulatory approvals.
- Who
- Ken Griffin, Citadel’s CEO, pledged the money to Carnegie Mellon University, whose president is Farnam Jahanian.
- What
- A record $3 billion commitment will support Carnegie Mellon’s Pittsburgh campus and establish a planned Miami campus.
- Where
- The funding will support Carnegie Mellon’s campus in Pittsburgh and a planned campus in Miami’s Wynwood neighborhood.
- When
- The announcement was made Wednesday; construction is scheduled to begin in 2027, with first enrollment expected in 2028, subject to regulatory approvals.
- Why
- The gift is intended to strengthen Carnegie Mellon’s academic and research capabilities and create an interdisciplinary center addressing major societal challenges.
Key facts
- Total commitment
- $3 billion from Ken Griffin
- Pittsburgh allocation
- $1 billion
- Miami allocation
- $2 billion
- Miami location
- More than 35 acres in Miami’s Wynwood neighborhood
- Planned Miami enrollment
- More than 3,500 undergraduate, master’s, and PhD students
- Planned staffing
- Nearly 300 faculty members and more than 600 staff members
- Construction and opening
- Construction is scheduled for 2027; first students are expected in 2028, pending regulatory approvals
Quotes
Farnam Jahanian
President of Carnegie Mellon University
“Throughout our history, CMU has anticipated moments of profound technological change and responded with new ways of thinking and solving problems. Artificial intelligence represents one of the defining intellectual developments of our time, and it demands that we rethink how we educate students, conduct research and partner with others.”
firstpost.com
“We are deeply grateful to Ken Griffin for his extraordinary vision, partnership and belief in what Carnegie Mellon can achieve.”
firstpost.com
Ken Griffin
Citadel CEO and donor to Carnegie Mellon University
“The opportunity to bring Carnegie Mellon to Miami places our city at the heart of humanistic and scientific advancement and amplifies the University’s international reach and impact. It is a tremendous privilege to be part of this historic moment.”
firstpost.com
Sources
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