The Kenneth C. Griffin Charitable Fund intends to make the second-largest gift in the history of the University of Chicago, supporting the Department of Economics in expanding its leadership in education and research with wide-ranging public impact, while increasing financial support for students.
The $125 million gift, which will bring Griffin’s total giving in support of UChicago Economics to nearly $150 million, will help advance the department’s efforts to impact the world through economic inquiry and analysis.
The University of Chicago’s distinguished history includes 29 scholars associated with the University who have received the Nobel Memorial Prize in Economics. The gift will support the development of future leaders in the field of economics by expanding resources for faculty, providing critical financial aid for undergraduate and graduate students, and creating a research incubator. In recognition of this gift, the Economics Department will be renamed the Kenneth C. Griffin Department of Economics.
“The University of Chicago has a long history of groundbreaking and deeply impactful scholarship and education in the field of economics that continues today. This generous gift will enhance the scope and global impact of faculty research and support new access to the challenging intellectual environment that defines a University of Chicago education,” President Robert J. Zimmer said.