Citadel founder Ken Griffin has made a $300 million donation to Harvard University, his alma matter. Griffin started his hedge fund in the dorms of Harvard University.
Yahoo wrote this Week
The donation brings his total donations to the school up to more than $500 million.
The donation will go to the 150-year old Faculty of Arts and Sciences at the school. According to the report, FAS is responsible for overseeing undergraduate and PhD programs as well as ethics, museums, and libraries. According to the report, the FAS will now be known as the Harvard Kenneth C. Griffin Graduate School of Arts and Sciences.
Harvard President Larry Bacow, who is pictured below depositing the check: "Ken’s exceptional generosity and his steadfast dedication enable excellence and opportunities at Harvard."
Griffin's net worth of $35 billion dwarfs Griffin's $300 million. Yahoo reported that he had donated $150 million in 2014 to Harvard, which at the time was the largest gift for undergraduate financial aid. His "total giving" has now surpassed $2 billion, according to the report.
Harvard's endowment is now at an astounding $51 billion as of the year 2022. Mark Zuckerberg gave the university a gift of $500 million and John Paulson contributed $400 million.