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: