Bill Ackman and His Wife Donate $17 Million to Harvard UniversityBill Ackman, an American hedge fund manager, founder and CEO of hedge fund Pershing Square Capital Management LP, and his wife Karen have donated $17 million to Harvard University through their hedge fund foundation.
The gift will go to Harvard’s Foundations of Human Behavior Initiative and endow three professorships and create a $5 million research venture fund, which is open to Harvard faculty, doctoral students and post-doctoral fellows.
The initiative aims to develop cost effective solutions – and solutions that can be scaled – to issues such as health care, economic development, education and government.
Both Ackmans attended Harvard University and met there. He got a Harvard undergraduate degree in 1988 and an MBA from Harvard Business School in 1992. She has a master's degree in landscape architecture, which she earned in 1993.
“Supporting innovation and new approaches to creating sustainable change is a vital part of what The Pershing Square Foundation was established to do,” said Bill Ackman, CEO of Pershing Square Capital Management.Source: Boston Business Journal