Hedge fund donor: 'Dad, can you believe this ?'


Hedge fund manager David Tepper woke up on Friday morning in Pittsburgh facing a day filled with promise for his Pennsylvania hometown.

Bloomberg reports that he would be announcing a $67m donation to Carnegie Mellon University. Bringing his total gifts to more than $125m, it would make Tepper, 56, the largest donor in the school’s history. Within a few hours he would attend a ceremony to inaugurate the Pittsburgh university’s ninth president.

His thought of his father, an accountant who raised the family in East Liberty, a lower-middle-class Pittsburgh neighborhood.

'I really don’t talk to my dad, who died six years ago', Tepper said on the phone, speaking from Carnegie Mellon’s Tepper School of Business. 'This morning I looked out the window and I said, ‘Dad, can you believe this ?'

Tepper’s gift will help create the David A. Tepper Quadrangle, a redevelopment of an area on campus that will include a new building and other amenities. It’s a $200m project to be completed in 2018.

To access the complete Bloomberg article hit the link below:

David Tepper, With $67 Million Gift, Recalls Early Life

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