Billionaire Ken Griffin donates $130 million to Chicago organizations as he leaves for Florida

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Billionaire Ken Griffin donates $130 million to Chicago organizations as he leaves for Florida
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Ken Griffin is leaving Chicago with a philanthropic flourish.

The Boeing 727 and Stuka dive bomber airplane exhibit at the Museum of Science and Industry in Chicago on May 13, 2021.Griffin, who is moving with his investment firm Citadel to Miami, bestowed more than $130 million in parting gifts to 40 Chicago organizations in June, hoping to provide a funding bridge as they seek to replace his charitable contributions.Ken Griffin walks to an event to announce a national campaign for the construction of soccer fields at Gage Park Dec. 6, 2017 in Chicago.

Launched in Chicago in 1990, Griffin built Citadel into one of the largest hedge funds in the world, with $51 billion in assets under management. But Griffin, 53, has also been an increasingly harsh critic of the city in recent years. In an appearance before the “If somebody is leaving, out of dissatisfaction, to use a mild word, you would not expect them on departure to have one last surge of philanthropy for Chicago,” Crown said. “The normal thing most people would do is show up with philanthropy at the place you’re arriving, to establish yourself there.”

“It will be called the Kenneth C. Griffin Museum of Science and Industry,” said Chevy Humphrey, who became the first Black woman president and CEO of the Museum of Science and Industry last year.The Boeing 727 and Stuka dive bomber airplane exhibit at the Museum of Science and Industry in Chicago.

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