Ken Griffin on insidermonkey is known as a captain of industry in the finance world, and his Chicago-based hedge fund known as Citadel manages billions of dollars a year, and his yearly compensation is over a billion dollars. Ken understand that his money can go quite a long way in the world, and his works hard to give his money to worthy causes. This article describes the places where Ken Griffin’s money goes, and you will see that he is committed to giving back to a community that trusts its funds to his company.
#1: Need-Based Financial Aid At Harvard
Ken Griffin recently made a $150 million gift to Harvard University for the purposes of financial aid. Ken is a graduate of the class of 1989 at Harvard University, and he wanted to give something back to a school that allowed him his start many years ago. The gift was given for need-based financial aid, and students who could not afford Harvard otherwise will be able to attend the school using dollars that he donated.
#2: Renaming The Financial Aid Office
The financial aid office at Harvard College is being renamed in honor of Ken, and the office will serve all undergraduates who come to the school. Ken was an undergrad at the school himself, and his donation was made to ensure that other undergrads would have the same opportunities he had. $150 million will go quite a long way towards ensuring the future of Harvard students who desire the finest of educations. Placing his name on the front of the building is but a small token of the College’s appreciation.
#3: How Did Harvard Change His Life?
Ken was changed by his experiences at Harvard, and his experiences allowed him to start his first hedge fund. Harvard is one of the most accommodating colleges in the world, and Ken adding a satellite link to his room when he began managing his first hedge fund. A few hundred thousand dollars raised from his classmates, friends and family turned into a hedge fund that was worth over a million dollars, and he was able to avoid harm in the stock market crash in the late 80s.
Ken even credits Harvard for changing his life, and his speech at the financial aid office was one of gratitude for what Harvard did for him. His first hedge fund was so successful that he was given a million dollars to start another hedge fund. That hedge fund was built over time until he began the Citadel, and he made the money that allowed him to give so much to Harvard College.
The crux of Ken’s message is giving back to the students of today. He knows that students of today must be encouraged as much as possible, and defraying the cost of college is something he can do on his own for future Harvard students. While $150 million seems like a lot of money, this gift is something that will help thousands of Harvard students in the future.