Kenneth Griffin Pledges Harvard

Citadel’s Kenneth C. Griffin Donates $150M to Harvard

Kenneth Cordele Griffin, an American hedge fund manager, founder and CEO of a Chicago-based investment firm Citadel LLC, is pleased to announce that he was donating $150 million to Harvard College, the biggest single gift to the college ever.

The money will largely go the college’s financial aid program as Harvard seeks to blunt criticism that higher education has become the province of the 1 percent. (The estimated annual cost of attending Harvard College is nearly $60,000, according to the College Board.)

“This was an opportunity to make a statement about Harvard as one of the most important higher education institutions in the world,” Mr. Griffin said in an interview.

Other universities have drawn bigger individual donations: Michael R. Bloomberg pledged $350 million to Johns Hopkins University last year, the latest in a one-man $1.1 billion capital campaign. John W. Kluge, a former television mogul, donated $400 million to Columbia University’s financial aid program seven years ago.

Source: New York Times

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