What happens when no more shares to short? Instead, each investor in a hedge fund must typically report his allocable share of the fund's income, gains, losses, deductions and credits on his own tax return. Griffin apparently was skilled in math as a child and in high school. 24. 15. Citadel receives "A" grade in Institutional Investor's alpha report card, wins five awards from Absolute Return, and is Named Hedge Fund of the Year by Risk Magazine. Microsoft planning to invest billions in controversial art REBNY's new return-to-office gauge paints bright view for 'trophy' towers, Food delivery maven unveils NYC shop after dumping Mercedes mobile kitchens, JPMorgan Chase requires some workers give 6 months notice before quitting, US home prices just did something they haven't done since 2012, This Girl Scout cookie flavor is reselling for $100 online -- here's why, Madonna watches new boyfriend Joshua Poppers fight in New York City, Saving Private Ryan actor Tom Sizemore dead at 61 after brain aneurysm, How Ariana Madix discovered Tom Sandoval was cheating on her with Raquel Leviss, Max Scherzer's first look at the new pitch clock, Kellyanne Conway and George Conway to divorce, Canadian teacher with size-Z prosthetic breasts placed on paid leave. The average Citadel salary ranges from approximately $72,444 per year for a Finance and Accounting Analyst to $281,666 per year for a Portfolio Manager. Since its founding in 1990, Citadel has reported net gains of $66 billion besting Dalio's Bridgewater, which generated net gains of more than $58 billion. Based on Griffin's numbers, Citadel has a 3% acceptance rate. He put a satellite dish on the roof to get real-time stock quotes. Take a look at Griffin's estimated net worth (by Forbes) for the past decade. The firm and its advisors may waive these minimums at their discretion, though. Sopher said the dispersion between managers running multi strategy and macro funds and equity long/short strategies caused some funds to do well last year and some to struggle. The stellar year for Citadel's flagship fund followed a 26% return in 2021 and decades of strong performance-$1 million invested in Wellington at inception in 1990 would be worth $328 million. 2022-07-07 Related Q&A: From a very young age, Griffin was entrepreneurial and had a vision for multiplying wealth. Why do the rich invest in hedge funds? Each day, we reimagine and refine our strategies, models and technology in pursuit of superior results and long-term performance. We live in purgatory: My wife has a multimillion-dollar trust fund, but my mother-in-law controls it. Founded in 1990 by Kenneth C. Griffin, CITADEL is an American investment multinational hedge fund. Macro hedge funds that trade based on international economic issues like these largely shined in 2022. All rights reserved. [42] Meanwhile, New Castle Re remained open and received an 'A' rating from AM Best in November 2008. This is a BETA experience. The stellar year for Citadels flagship fund followed a 26% return in 2021 and decades of strong performance$1 million invested in Wellington at inception in 1990 would be worth $328 million today, compared with $23 million if it were invested in the S&P 500 Index. As a group, that's saying something, given that. How much money do I need to invest in a hedge fund? Funds with between $500 million and $1 billion in assets under administration did the best with a median return of 3.4% and a weighted average return of 3.36%. "[62] Griffin expanded by saying that high-frequency trading functions to reconcile discrepancies between options tied to groups of stocks and the stocks themselves, saying, "Somebody has to keep the New York markets in line with the markets in Chicago. Citadel LLC (formerly known as Citadel Investment Group, LLC) is an American multinational hedge fund and financial services company. Within eight years, the firm had more than $2 billion in assets under management. The Miami-based fund, founded and run by Ken Griffin, topped. Chicago-based Citadel appears to be the most leveraged of the 25 biggest US hedge funds, with an implied leverage of about 8.8 times investment capital, according to a Post analysis. How much does Citadel pay per year? LCH Investments NV - Citadel Ranked #1 of Top Hedge Fund Managers by Net Gains Since Inception as of 12/31/2022 2022 LinkedIn - Top Companies - The 50 Best Workplaces to Grow Your Career in the U.S. GlobalCapital - Hedge Fund of the Year LCH Investments NV - Citadel Ranked #2 of Top Hedge Fund Managers by Net Gains Since Inception as of 12/31/2021 Ken Griffin founded and runs Citadel, a Miami-based hedge fund firm that manages roughly $57 billion in assets. They typically require investors to lock up money for a period of years. He explained Citadels record gain was down to being a diversified firm with multiple sources of profits and active capital allocation and risk management.. 8. Citadel Losses in 2022. [11], The fund has become known for having one of the largest personnel turnovers in Chicago gaining the nickname of "Chicago's revolving door"[57] and the New York Times reported "the firm is unique in its reputation for being a revolving door. Citadel LLC: Miami, FL: $52,970 6 D. E. Shaw & Co. New York City, NY: $47,861 7 Two Sigma: New York City, NY: $40,969 8 Davidson Kempner Capital Management: New York City, NY: Some hedge fund entities require a minimum investment amount ranging from $25,000 to $100,000, or in some cases as high as $1 million from accredited investors. Net worth: 32.2 Billion. . 36. [5], Citadel LLC is a separate entity from the market maker Citadel Securities, although both were founded and are owned by Griffin. [33] Citadel ranks as the eleventh largest hedge fund manager in the world,[34] and in 2006 the second largest multi-strategy hedge fund globally. Overall, the top 20 managers made $22.4 billion net of fees for their investors in 2022 and have made $691.6 billion net of fees for their investors since inception. Citadel has recently taken private funding from Sequoia and Paradigm. Reviews: 87% of readers found this page helpful, Address: 872 Kevin Squares, New Codyville, AK 01785-0416, Hobby: Paintball, Calligraphy, Hunting, Flying disc, Lapidary, Rafting, Inline skating. The Chicago-based hedge fund is setting up an office in the . February 1, 2023. Griffin, whos worth an estimated $31.9 billion, is seeking punitive damages and a trial by jury. [10], In 1998, Citadel started requiring investors to accept terms that "significantly restrict[ed] their ability to withdraw their capital", according to Institutional Investor. With a little bit of capital, it is relatively easy to start a hedge fund. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. In a report published on Monday by fund of funds LCH Investments, Citadel topped the top 20 hedge fund managers list beating John Paulsons 2007 $15 billion gain, which has until now been described as the greatest trade ever, said Rick Sopher, LCH chairman. Ken Griffin is among the wealthiest people in the world as of January 2023. The hedge fund has been notoriously shorting AMC stock despite all talks of bankruptcy officially off the table since early 2021. [60] In the aftermath of the 2008 financial crisis, Griffin and Citadel called for greater transparency in derivatives trading, a stance at odds with many other hedge funds and major financial firms. Investguiding is a website that writes about many topics of interest to you, a blog that shares knowledge and insights useful to everyone in many fields. In many cases, hedge funds are managed to generate a consistent level of return, regardless of what the market does. We bring together brilliant minds to do what others consider impossible. What does E-Trade charge for penny stocks? She can be found on Twitter @annieiseating. In April 2015, Ben S. Bernanke, who was the United States Federal Reserve chairman for eight years, joined Citadel as a senior adviser on global economic and financial issues. towards fixed income assets to produce reliable returns and meet financial obligations. [59], Citadel has played an active role in regulatory affairs and has advocated for financial legislation on market structure. Citadel made the largest annual profit (after fees) ever for a hedge fund in 2022 at $16 billion. Citadel currently has 17 such funds. Intellectual curiosity, innovative thinking, ability to work on a team and a drive to succeed are all critical factors for anyone to be successful here. By then, the average hedge fund lost 4% and the benchmark S&P 500 stock index plunged 16% as the Federal Reserve wrestles with high inflation and a potential recession. Citadel received a seat on the board of directors. With the 10-year Treasury topping 4%, its time to start dipping your toes in, says Wamco. [63], In 2014, former president Bill Clinton was paid $250,000 by Citadel to speak at New York restaurant Daniel to investors and employees in celebration of the Citadel's founders' 46th birthday. Do you need a license to manage crypto? How long does it take to discover a data breach? He is the founder of Citadel Securities, one of Wall Street's biggest market-making firms, responsible for one of every five stock trades in the U.S. During the pandemic, Griffin funded the State Department's rescue of 800 U.S. citizens from Wuhan and donated $45 million to community initiatives in cities like Chicago and Miami. For those who prefer dealing over the phone, you can call Citadel at (312) 395-2100. 6. $ 53B Investment capital as of January 1, 2023 Investment capital is combined across funds and includes equity (or members' capital), plus any accrued performance allocation (or manager allocation) and accrued deferred payment obligations (where applicable). According to LCH data, the top 20 hedge funds churned $22.4 billion in profit after fees. Citadel is headquartered in Chicago at 131 South Dearborn Street, a few blocks west of the Art Institute. 9. The average Citadel Recruiter earns an estimated $96,860 annually, which includes an estimated base salary of $83,285 with a $13,575 bonus. These high-risk investment vehicles generally take a more aggressive approach to investing and require a large cash investment, which can lead to significant gains or losses. Many [equity long/short] managers failed to anticipate or adequately hedge against the impact of rising interest rates and were unable to generate sufficient profits to compensate on the short side, he said. Citadel was started with $4.6 million in capital. Griffin, whose net worth has been valued by Bloomberg at $29.4 billion, built his fortune on quantitative analysis, or quant trading, which relies on computer algorithms and statistical analysis to gauge where the market is going. Follow this author to stay notified about their latest stories. In 2022, he was #21 on the Forbes 400 and #53 on the Billionaires List. A Financial Firm Quarantines at the Four Seasons", "The Wall Street Journal News Exclusive | Citadel, Point72 to Invest $2.75 Billion Into Melvin Capital Management", "GameStop Stock Soars, and Social-Media Traders Claim Victory", "The Wall Street Journal News Exclusive | Short Bets Pummel Hot Hedge Fund Melvin Capital", "Ken Griffin Moving Citadel From Chicago to Miami Following Crime Complaints", "Ken Griffin's Citadel ditches Chicago for Miami following crime complaints", "Ken Griffin's Citadel Move Is 'Punch in the Gut' for Chicago", "Citadel leads the way in financial self-sufficiency", "Two new members elected to University of Chicago Board of Trustees", "Exclusive: Who Makes Money on Your Stock Trades", "These Are the World's Top Hedge Funds for 2021", "Citadel posts record revenues for hedge fund, securities ops in 2022", "Citadel becomes the most profitable hedge fund in history", "Citadel Posted 25% Return Last Year, Beating Industry Again", "Hedge fund Citadel shuttering Bermuda reinsurer", "Looking Afield, Hedge Funds Launch Reinsurance Firms", "Citadel forms new reinsurer - New Castle Re targets catastrophe reinsurance, AM Best says", "Hedge Funds Place Big Bets on Hurricane Season", "Citadel's hedge fund woes threaten New Castle Re's rating", "Torus takes New Castle Re renewal rights", "Chris McKeown, the founder of Bermuda reinsurers CIG Reinsurance Ltd. and New Castle Reinsurance Co., has been named chief executive officer of global analytical and specialty practices", "A Winning Night for Hedge Fund Managers and Investors", "Ben Bernanke Will Work With Citadel, a Hedge Fund, as an Adviser", "REDI and Citadel Technology Tackle the "Holy Grail", "Citadel technology preps end to end solutions suite", "A hedge fund superstar - Citadel founder Ken Griffin is already one of the world's most powerful investors", "Citadel Founder Offers Thanks and Apologies on Anniversary", "Why Ken Griffin hated one of his first jobs", "Derivatives trading safer and more efficient, says Citadel", "Ban high-speed trading? [62] Griffin said in front of the Senate Banking Committee that from his perspective "the U.S. equity markets are the fairest, most transparent, resilient and competitive markets in the world. Is investing in a hedge fund worth it? LCH estimates a 3.4% return for the top 20 funds last year, while the rest made losses of 8.2%. [1] The company has over 2,600 employees, with corporate headquarters in Miami, Florida,[4][3]:1 and offices throughout North America, Asia, and Europe. Ken Griffin's Citadel raked in $16 billion in 2022, marking the best year for any hedge fund in history. What is minimum investment for Citadel hedge fund? Zahra Tayeb. For more than three decades, weve captured undiscovered market opportunities by empowering extraordinary people to pursue their best and boldest ideas. This estimate is based upon 8 Citadel Portfolio Manager salary report(s) provided by employees or estimated based upon statistical methods. Introduction: My name is Trent Wehner, I am a talented, brainy, zealous, light, funny, gleaming, attractive person who loves writing and wants to share my knowledge and understanding with you. Are small businesses vulnerable to cyber attacks? What is the most successful hedge fund? Citadel's hedge fund does indicate in its SEC filings that it has multiple foreign offices, so it could be managing assets for wealthy foreign individuals. File the Articles of Incorporation for the Hedge Fund Firm. Do you need a degree to start a hedge fund? Citadel operates with an estimated $32 billion in investment capital. In general, hedge funds can only operate successfully with large amounts of assets under management due to the powers of leverage and economies of scale. Overcome excuses, improve the Confidence. Credit Lines. He founded Citadel in 1990 but first began trading from his Harvard dorm in 1987. 1. . Although the hedge fund industry has struggled in the past decade, its founders still yield great financial power. Citadels flagship Wellington fund returned 38% in 2022, helping the firm generate an estimated $16 billion in net gains last year according to LCH Investments. Here are the 10 fund managers to know this year. Citadel Equities is up 6.46% for the first five months of the year, while the firm's Global Fixed Income fund is up 14.35% and its Tactical Trading portfolio has risen 9.85% since January, Griffin said. Outside of equities, the highest-returning hedge fund strategies in 2020 were event-driven funds, which gained 9.3 percent for the year, according to HFR. While a student at Harvard, Griffin began dabbling in investments, buying put options on Home Shopping Network and investing in convertible bonds. LCH Investments reported that Citadels total gross trading profit last year amounted to $28 billion. [41], Citadel wanted to allocate the investment capital with its two funds, Kensington Global Strategies Fund Ltd and Citadel Wellington LLC, to investments that the company thought to be uncorrelated to their other investment strategies. The HFRI 500 Macro Index tracking such funds gained 14.2% last year, and multi-strategy funds at D.E. 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[12], In 2001, Griffin began recruiting the energy traders from Enron the day after it collapsed for a new business including "a team of traders, meteorologists and researchers" building amongst the industries biggest energy trading groups at the time. 25. Shaw generated $8.2 billion in gains for investors, while Millennium netted $8 billion. Daniel Loebs Third Point also fell off the list after its main fund declined 21.8%, moving Louis Bacons Moore Capital, which is now closed to outside investors and has its historical gains frozen by LCH, back into the last slot. How much does a Trader at Citadel make? With many brokerage accounts, you can start investing for the price of a single share. Jan 23, 2023, 6:10 AM. Last year, 900 hedge funds were launched. LCH estimates D.E. Some of these strategies include merger arbitrage, long/short, and managed futures. Early Life [30][31][32], As of January 2016, Citadel managed more than $29 billion in capital and was one of the world's largest asset managers. Citadel Managing Directors earn $200,000 annually, or $96 per hour, which is 46% higher than the national average for all Managing Directors at $125,000 annually and 101% higher than the national salary average for all working Americans. When breaking down everything that can go wrong, operations makes its case for number one. What is the best performing hedge fund? p. 3. As a market maker, it serves as a broker-dealer that stands ready to buy and sell shares from investors looking to make a trade. As a result, these funds ultimately cater to individuals who earn high incomes and have a considerable net worth. Hedge Fund Market size is projected to reach Multimillion USD by 2029, In . Other recipients of donations by Griffin or his charitable fund include: Art Institute of Chicago, Robin Hood Foundation, Lurie Children's Hospital, Museum of Contemporary Art in Chicago, Museum of Modern Art in New York, Fourth Presbyterian Church of Chicago, Weill Cornell Medicine, and Chicago Public Schools food services. Investment capital as of [54], In November 2006, Citadel became the second hedge fund to publicly issue bonds to investors in the form of senior unsecured debt totaling $2 billion, in an arrangement managed by Lehman Brothers and Goldman Sachs. Macro hedge funds returned 5.22 percent for the year, while HFR's relative value index ended 2020 up 3.28 percent. What is the difference between Citadel and Citadel Securities? [6], Kenneth Griffin started his trading career out of his dorm room at Harvard University in 1987, trading convertible bonds. How do I start investing for beginners? What is the difference between Citadel and Citadel Securities? Citadel ranks as the eighteenth largest Hedge fund firms in the world with assets of an estimated $25 billion. Citadel receives A grade in Institutional Investor's alpha report card, wins five awards from Absolute Return, and is Named Hedge Fund of the Year by Risk Magazine. As a fund of funds, LCH Investments was able to estimate the gains by these industry giants from its own investing activity. Founded in 1990 by Kenneth C. Griffin, it has more than US$50 billion in assets under management as of May 2022. Citadel employees rate the overall compensation and benefits package 4.4/5 stars. [56] In 2013, Citadel Technology announced a partnership with REDI. [57], In March 2015, Citadel received a Top 10 Great Workplaces in Financial Services ranking by the Great Places to Work Institute, based on a survey by Citadel employees. Citadel is a hedge fund manager, so its services are restricted to private investment funds (referred to in the firm's SEC filings as pooled investment vehicles). The previous record was $15 billion in 2007 made by John Paulson. Equity long/short managers, especially those who had been running net long and with a growth bias, generally performed poorly, with some performing even worse than market indices, Sopher says. Within a broad range of investment strategies, we deploy our capital with the objective of generating market-leading investment returns. Hedge funds typically do not pay taxes at the entity level on their income and gains. 7. Since its founding in 1990, Citadel has reported net gains of $66 billion besting Dalios Bridgewater, which generated net gains of more than $58 billion. Griffin founded Citadel LLC in 1990, a hedge fund that made a record-breaking $16 billion profit last year. Firm is named one of the country's 50 best workplaces for recent college graduates by Great Place to Work. Founded in 1990 by Ken Griffin, it has more than $62 billion in assets under management as of December2022[update]. Firm is named one of the country's 50 best workplaces for recent college graduates by Great Place to Work. Hedge funds make money as part of a fee structure paid by fund investors based on assets under management (AUM). In 2022, the largest gains were once again made by the large multi-strategy hedge funds like Citadel, DE Shaw and Millennium, Sopher said. Mike Blake/Reuters. [39] Citadel returned $16 billion to its clients in 2022, which was a record annual return for both the fund of American investor Kenneth Griffin and the entire industry. Citadel Securities is the largest DMM on the floor of the New York Stock Exchange. Donald Trumps real net worth? In fact, the school sent a higher percentage of its MBAs to work in hedge funds last year than either Wharton or Columbia. Ken Griffin's Citadel posted a . Most profitable hedge fund manager of all time. Ken Griffin is among the wealthiest people in the world as of January 2023. Investment professionals, engineers and quantitative researchers come together to learn from each other and quickly build extraordinary careers. [18] It was leveraged 7:1 and the biggest funds at Citadel finished 2008 down 55%. It's difficult to assess what that actually means. Citadel surged past Ray Dalios Bridgewater to the top of the all-time list despite Bridgewaters estimated $6.2 billion in net gains in 2022. How much does a managing director at Citadel make? Ken Griffin's Net Worth (Updated 2022) | Wealthy Gorilla Net Worth. 2. Caxton Associates, a London-based macro hedge fund with $12.9 billion in assets according to the LCH report, was a newcomer to the list after generating an estimated $2.1 billion in profits. Citadel Securities, which has been dubbed the Amazon of financial markets, is responsible for one out of every five stock trades made in the United States. Since its founding in 1975, Bridgewater has returned $52.2 billion in gains to its investors more than any other hedge fund on the planet. Griffin, who in 2019 purchased the most expensive home in the US for $238 million a penthouse in the high-rise at 220 Central Park South in Manhattan warned last week that business leaders would flee New York City if violent crime rates continued to climb. His net worth has climbed by the billions over the past 10 years. How can I be a millionaire in 5 years? Citadels windfall wasnt powered by any single outsized bet, but rather by successful trades across the equities and fixed income markets, according to Bloomberg. Citadels flagship multi-strategy Wellington fund returned 38.1% last year, shining during a year when equity markets crashed, and LCH estimates the firm finished 2022 with $62.3 billion in assets under management after posting the largest single-year profit by any hedge fund on record. How hard is it to get into Citadel hedge fund? Citadel is an asset management firm. [13][14] Citadel sold its remaining stake in E*Trade in 2013. [1] He started with $4.6 million in assets. Citadel Securities, the market-making arm of Griffins empire, reported a record $7.5 billion of revenue last year, according to Bloomberg News. To participate in a hedge fund, one must invest a significant amount of money. Bachelor of Arts/Science, Harvard University. Hedge funds, of course, are not without risk as well: Concentrated investment strategy exposes them to potentially huge losses. Can I use my wife bank account for Zerodha? How long does it take to discover a data breach? [9], In 2007, Citadel invested $2.5 billion in E-Trade. Expose your investors to the crypto market to maximize profits. Largest hedge fund firms. Griffin called dismantling that law "one of the biggest fiascos of all time". Ken Griffin is an American hedge fund manager and billionaire. Reviews: 92% of readers found this page helpful, Address: 6485 Kohler Route, Antonioton, VT 77375-0299, Hobby: Kayaking, Roller skating, Cabaret, Rugby, Homebrewing, Creative writing, amateur radio. WWE SmackDown results as Cody Rhodes and Roman Reigns come face-to-face. [42] To achieve this move, Citadel, through capitalization via their funds, entered the reinsurer industry, which provides insurance companies with their own policies to spread the risk of losses that they have given to their customers, in 2004 by founding CIG Reinsurance Ltd (CIG Re), a Bermuda-based catastrophe reinsurer providing $450 million in capital. Hedge fund managers typically have a minimum of a bachelor's degree, although many companies prefer a master's degree. "The strong gains they have generated in recent years reflect their increasing dominance in strategies which do not depend on rising asset prices, and their substantial size.". Funds typically receive a flat fee plus a percentage of positive returns that exceed some benchmark or hurdle rate. and Privacy Policy. A fund of funds, LCH Investments, estimates that Citadel made the largest-ever annual profit for a hedge fund in 2022, according to MarketWatch. As of February 2023, Ken Griffin's net worth is estimated to be $28 Billion. Ken Griffin is an American entrepreneur who has a net worth of $28 billion dollars. Caxton Associates, a London-based macro hedge fund with $12.9 billion in assets according to the LCH report, returned to the list after generating an estimated $2.1 billion in profits last year and $19.8 billion since inception. He founded Citadel in 1990 but first began trading from his Harvard dorm in. Traditional funds employ a long-only strategy (buy and hold and sell at a profit). The future Citadel manager was also able to install a satellite dish atop his dorm to receive real-time stock quotes. Medal wins at International Olympiads in Mathematics, Physics, Chemistry and Informatics, PhDs across 50+ fields of study, from aeronautics and atmospheric science to computer engineering and statistics. We've received your submission. This is the lowest number since 2010 and constitutes a drop of more than 60% from the highs experienced in the previous two years. Access your favorite topics in a personalized feed while you're on the go. Griffin has been married twice. 'Absolutely not,' says Citadel's Griffin", "Leaders of Global Finance Speakers Series presents Kenneth Griffin", "Citadel party features Katy Perry, 'Left Shark', "Ken Griffin Has Katy Perry At Citadel Birthday Party", "Katy Perry and Andrea Bocelli; Hedge funds party despite losses", "Janet Yellen made millions in Wall Street, corporate speeches", Data management agreement between Citadel and Accenture, Taxation of private equity and hedge funds, Alternative investment management companies, https://en.wikipedia.org/w/index.php?title=Citadel_LLC&oldid=1140957658, Financial services companies established in 1990, Investment management companies of the United States, Financial services companies based in Illinois, Articles with dead external links from July 2022, Short description is different from Wikidata, Articles containing potentially dated statements from December 2022, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 22 February 2023, at 17:00. Wellensittich halten: Kauf, Kfig, Futter und Pflege, 1590+ Adjectives That Start with U | Definitions and Examples Included - Tara-arts. If hedge funds had to liquidate a large market position quickly, prices could fall sharply, widening the circle of losses. In case it is a private partnership, your investors will be your limited partners. [10] When hedge fund Long Term Capital Management collapsed later that year, Citadel's capital lockdown made it "a rare buyer, as desperate hedge funds unloaded bond inventory". Cryptocurrency fund managers that invest in cryptocurrency futures contracts, as opposed to straight cryptocurrencies, are required to register as a CTA and CPO with the CFTC and with the National Futures Association (NFA), or satisfy an exemption. He opened a brokerage with money from various sources and launched his first fund in 1987 at age 19. Do you need a degree to start a hedge fund? Source: Museum of Science and Industry FB, 2014: $150 million to financial aid at Harvard University, 2017: $125 million to University of Chicago's Economics department, 2021: $5 million to provide internet access to Miami students, $21.5 million to the Field Museum of Natural History, 2019: $125 million to Chicago's Museum of Science and Industry (prompting renaming of the museum after Griffin).
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