RenTech’s Jim Simons Donates a Record $500 Million to Stony Brook
- It’s the largest unrestricted gift of its kind in US history
- Jim and Marilyn Simons met each other at the New York school
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Renaissance Technologies founder Jim Simons and his wife Marilyn are giving $500 million to Stony Brook University, the public college on Long Island where he taught before leaving to start his wildly profitable hedge fund.
The gift, made by their Simons Foundation, will be the largest unrestricted donation to an institution of higher education in US history, according to a statement Thursday. The funds will go toward Stony Brook’s endowment.