Carnegie Mellon Graduate Gives University $67-Million for New Quad

Financier David Tepper has donated $67-million to Carnegie Mellon University to support construction of a new cluster of academic buildings, reports the Pittsburgh Post-Gazette.

The David A. Tepper Quadrangle will be home to the Pittsburgh campus’s business school, which was named for Mr. Tepper after he and his wife, Marlene, donated $55-million in 2004. The new contribution, which the school called an “establishing gift” for the $201-million quad project, is from his charitable foundation.

Mr. Tepper, who earned a master’s degree in industrial administration from Carnegie Mellon in 1982, is the founder and president of New Jersey-based hedge-fund firm Appaloosa Management.