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Carnegie Mellon trustee and founder of Appaloosa Management David Tepper (GSIA ’82) donated a gift of $67 million to Carnegie Mellon’s Tepper School of Business. Tepper’s generous donation, in combination with his original gift, which he pledged nine years ago, totals to over $125 million.

Tepper’s gift will go directly toward the creation of the David A. Tepper Quadrangle, which will be located north of Forbes Avenue and stretching into Oakland. The Tepper Quadrangle will include a new, 300,000-square-foot building for the Tepper School of Business as well as a new welcome center.

According to President Suresh in an email to the Carnegie Mellon community, the Quad will be a new university gateway and interactive hub that will further enhance and strengthen collaboration among all of Carnegie Mellon’s schools and colleges. The university hopes to encourage more interdisciplinary collaboration through the construction of this new Tepper building, which they hope will “integrate the rich heritage of innovation, collaboration, and entrepreneurship from all parts of CMU” through the creation of new integrated degree programs.

“The 15th of November marks the 113th Anniversary of the proposal made by Andrew Carnegie in 1900 to the Mayor of Pittsburgh to create a new school that is now known all over the world as Carnegie Mellon University,” Suresh wrote. “As you may know, this week’s presidential inauguration will take place at the Carnegie Music Hall, which is just across the street from where Andrew Carnegie announced his gift to create our university. One hundred and thirteen years later exactly, on Nov. 15, another extraordinary philanthropist of our era, David Tepper, is having a profound impact on Carnegie Mellon by demonstrating his loyalty to his home institution through this new gift.”

“On behalf of the CMU community, I wish to express my profound gratitude to David for his remarkable demonstration of generosity and for his belief in the growing potential of CMU,” he continued.
“Carnegie Mellon tied everything together for me and gave me a great foundation,” Tepper said in an interview with The New York Times. “My earlier gifts were a payback to the university, and this is a continuation of that.”