Yale University announces a $150 million gift from alumnus Stephen A. Schwartzman. The second largest gift in Yale’s history will create the Schwartzman Center, a first-of-its-kind cultural and social hub for Yale undergraduates, graduates and professional school students.
“This will be quite a unique facility for any university, let alone the change for Yale,” remarked Schwarzman, who is the co-founder and chairman of Blackstone. “So hopefully this will provide a different way of Yale students being able to interrelate, meet people, learn things and get connected by technology all over the world — with things that either emanate from here or can be brought in from other places.”
Yale alumnus Charles Johnson is credited with the largest gift in Yale’s history, a $250 million commitment in 2013 to build two new residential colleges.