Kenneth Griffin, The Master of Philanthropy

Ken Griffin is a successful hedge fund manager. He is the founder and chief executive officer of Citadel LLC, a firm established in 1990. Since founding Citadel LLC, Griffin has seen his net worth and that of his company increase tremendously. According to the recent Forbes release of the 400 richest people, Griffin jumped up 14 places to number 89. Citadel LLC’s present asset value is estimated to be $20 billion.
One aspect that sets Griffin apart from other successful entrepreneurs is his philanthropic activities. He has been an active donor supporting various courses ranging from education to those that work on improving communities. Griffin has also donated to candidates running for public office. He broke the records in June 2014 by writing a $2.5 million check to boost Rauner campaign.
In February 2015, Griffin offered $150 million gift to his former university Harvard, as a financial aid to students. As a way of recognizing the gesture done by Griffin, the university renamed its Financial Aid Office in Honor him. This happened as the Harvard university leaders, alumni, and friends alongside the students gathered to thank him outside the office at 86 Brattle St. The gift was the biggest that Harvard University had received from a single donor. Griffin of noted that the experience he had at Harvard changed his life. He hoped that the donation would offer a similar chance to the brightest students in the nation and across the world.
Griffin has been a great advocate for charter schools. In 2006, his foundation together with the Bill and Melinda Gates Foundation funded the opening of Woodlawn High School, a new charter school, in Chicago. Griffins Foundation has also made several other donations that include a $10 million gift to the Chicago Heights Early Childhood Center. The foundation also donated $16 million for the Children’s Memorial Hospital. Griffin contributions and donations to charity have surpassed the half a billion-dollar mark helping different organizations in making a positive impact in people’s lives.
Griffin started his trading career while still a student at Harvard University in 1987. He operated from his dorm room with basic tools such as a personal computer, fax machine and telephone. His ambitions to start an outfit that would change the investment industry caught the attention of Glenwood partner’s founder, Frank Meyer. Meyer offered Griffin funds to invest in his business. This rare opportunity helped Griffin establish Citadel LLC. With his exemplary leadership and management style, Griffin has grown the company to its current success. Currently, Citadel LLC is a diversified financial institution. Under its operations, the company has Citadel Technology, Citadel Securities, and Citadel that engage in different lines of operations.
Griffin supports a number of cultural institutions within Chicago. Griffin has been appointed to serve in board of trustees of the Art Institute of Chicago, the University of Chicago, the Museum of Contemporary Art and the Whitney Museum. Griffin is also a member of different business organizations that include the Civic Committee of the Commercial Club of Chicago, the Economic Club of Chicago, and G100.

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