Visionary Beginnings-Center for Innovation and Entrepreneurship - Carnegie Mellon University

Friday, November 15, 2013

Visionary Beginnings

The CIE Part of the New Tepper Quadrangle

Carnegie Mellon University has announced a $67 million gift from the charitable foundation of CMU alumnus and renowned investor David A. Tepper to create an academic hub located on the Pittsburgh campus.

According to President Subra Suresh, "Our vision for the new David A. Tepper Quadrangle builds on CMU's strengths, creating new interdisciplinary interactions for learning and research and connecting innovation to the business community."

The gift, the largest from a CMU graduate and for a CMU building project, also will be the new home for CMU's Tepper School of Business.

"I'm excited by President Suresh's and the university's vision to make CMU the foremost entrepreneurial academic institution in the nation," Tepper said. "CMU has a long history of providing the world with innovative thinkers, and the establishment of a true hub for entrepreneurship will help create the next generation of global leaders. I'm particularly pleased to announce this gift on the day that CMU inaugurates President Suresh."

The founder of Appaloosa Management and a 1982 MBA graduate, Tepper is extending his support of CMU at a time when bridging the gulf between technology, business and the sciences is critical to solving some of the world's most challenging issues.

"David Tepper is a visionary, both as a businessman and a philanthropist, and we are grateful for his generous support of the university and the business school that bears his name," Suresh said. "Carnegie Mellon's culture is historically holistic, integrating research and learning among individual schools and academic disciplines."

Over the past decade, Tepper has committed more than $125 million in gifts to CMU, including donating $55 million to Carnegie Mellon University to rename the Graduate School of Industrial Administration. He serves on the university's Board of Trustees and as a member of the Business Board of Advisors for the Tepper School of Business...Read more»

By: Carnegie Mellon University: Homepage Stories