Billionaire Jim Simons donates record-breaking $500 million to Stony Brook University.
TL;DR Summary
Former math professor and billionaire hedge funder James Simons has donated $500 million to Stony Brook University, making it the largest unrestricted donation to a college in US history. The donation is expected to grow by up to $1 billion in contributions for Stony Brook University’s endowment, thanks to New York State’s public matching program for donations. Simons has steadily contributed to Stony Brook, including a record $60 million donation in 2008. The founder of Renaissance Technologies investment firm credited his time at Stony Brook with honing his skills.
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- Stony Brook University Gets $500 Million Gift From Simons Foundation The New York Times
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- Billionaire Jim Simons Makes Second-Largest Donation To Public College Ever Forbes
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