University of Virginia announces $120m gift to fund new data science school

TechCrunch | 1/18/2019 | Staff
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One of America’s oldest universities is launching a school for one of the world’s youngest disciplines.

The University of Virginia announced today that it has received a $120 million private donation to endow a new School of Data Science. The donation is the largest in the university’s history, and will create the twelfth school at the university.

Donation - Quantitative - Foundation - UVA - Hometown

The donation was offered by the Quantitative Foundation, which is based in UVA’s hometown of Charlottesville. Jaffray Woodriff, the founder and CEO of Quantitative Investment Management, is the trustee of the foundation, where his wife Merrill is a director. QIM is one of the hedge fund leaders in quantitative trading, and Bloomberg noted that the fund saw investment returns of 55% in the first few months of 2017.

UVA’s administration said that the School of Data Science intends to offer a range of degree programs from the bachelor’s to the doctoral level as well as to be a center for research on data science. It massively expands UVA’s current Data Science Institute, which was opened in 2013 and also funded by a $10 million grant from the Quantitative Foundation. The school is pending approval from...
(Excerpt) Read more at: TechCrunch
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