Some individuals who have achieved extreme levels of success in their professional lives have a desire to give back in some way. After all, most understand that they would not be in their position today if not for the assistance and efforts made by others. For some, this may mean extending jobs to those who have helped them get to their current position. Others may purchase a new home for their parents, and still others strive to give back to the community in various ways. Ken Griffin made history when he decided to give back to his alma mater, Harvard University, by making the largest financial donation in the school’s history in February 2014.
How Harvard Shaped Ken Griffin’s Life
Griffin is widely known as the CEO and founder of the reputable investment firm, Citadel LLC. This firm is notable for its successful group of hedge funds, and it also offers other investment services to clients around the globe. Before Griffin founded Citadel, he found his roots in hedge funds in his college dorm room at Harvard University. His grandmother had gifted to him a rather sizable amount of money, and he used this money to start two hedge funds. He made trades in his dorm room in between attending his college classes, and he installed a satellite link to receive access to real-time market data. These two hedge funds coupled with his incredible business education at Harvard served as a basis for his career in the financial investment industry.
Ken Griffin has recognized that his years spent at Harvard University transcended being educated, and they were also formative in his development as a hedge fund manager. Harvard University strives to provide a superior education to the most qualified students regardless of their financial background, and Griffin has recently made a monumental donation that will ensure that the school is able to meet its commitment in this area. In February 2014, Griffin donated $150 million to his alma mater. While he has an estimated net worth of more than $5.3 billion and is consistently ranked as one of the top richest men in the world by Forbes, this sizable donation is the largest in the school’s history.
Harvard Honors Griffin
Harvard has a very lengthy list of highly accomplished alumni, and the school is simply not able to fully honor all of its former students who have gone on to achieve greatness in their professional lives. However, Harvard did honor Griffin’s incredibly generous donation by renaming the Financial Aid Office in his name. The fact is that this particularly generous gift by Griffin will be used to extend a superior education to others in financial need, and this can have far-reaching effects on the lives of many others.
With the funds donated by Griffin, it is the hope of both Griffin and Harvard that this beneficial relationship can be extended to other talented and qualified potential students who can benefit from the financial assistance now available through the school.