Bill Ackman and His Wife Donate $17 Million to Harvard University
Bill 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