Schwarzman’s Oxford gift widens UK university gulf LiamWardProud
The University of Oxford on June 19 announced a 150 million pound donation by Stephen Schwarzman, the chairman, chief executive and co-founder of private equity firm Blackstone Group.
The money will be used to build the Schwarzman Centre, which Oxford described as a “dynamic hub dedicated to the humanities”. It will house programmes in English, history, linguistics, medieval and modern languages, music, philosophy, theology and religion, with a new library “in a space designed to encourage experiential learning and bold experimentation through cross-disciplinary and collaborative study”.
The centre will also be home to Oxford’s new institute for the study of ethics in artificial intelligence, and will include a 500-seat concert hall. Schwarzman in 2018 announced a $350 million gift to establish the Schwarzman College of Computing at the Massachusetts Institute of Technology. In 2015 he donated $150 million to Yale University, and has also given $50 million to the Inner-City Scholarship Fund, which provides tuition assistance to underprivileged children attending Catholic schools in the Archdiocese of New York.
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