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October 1, 2026

Hedge fund CEO Ken Griffin gives record $3B to Carnegie Mellon to build Miami campus

By HEATHER HOLLINGSWORTH
AP Education Writer

Carnegie Mellon University announced Wednesday that hedge fund CEO Ken Griffin is donating $3 billion, with the bulk of the money for a new campus in Miami focused on societal challenges.

The Pittsburgh-based private research university said the gift is the largest ever single gift to a U.S. university. Other donations topping the billion-dollar mark include $1.8 billion from former New York City Mayor Michael Bloomberg to Johns Hopkins University in 2018. And Nike co-founder Phil Knight and his wife, Penny, also have been prolific donors, including a $2 billion gift to Oregon Health & Science University in 2025.


 
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