While some universities are turning to crypto staking to fund research, others are receiving crypto directly from anonymous philanthropists.
Donation Will Fund Innovation In Finance
The University of Pennsylvania has announced that they have recently received an anonymous donation of $5 million worth of BTC. The donation was facilitated by NYDIG, an institutional finance company that facilitates the transfer of cryptocurrencies even to traditional banks that may not accept crypto directly.
The donation was acknowledged by Penn State President Amy Gutmann, who thanked the anonymous benefactor and commented on the changing nature of charity.
“As the nature of philanthropy continues to evolve, Penn stands at the forefront of innovative ways to make a difference in the world. I am deeply grateful for this creative and groundbreaking gift to support the important work of the Stevens Center. At the Center, the intersection of finance and technology is being reinvented through research, exploratory projects, and engagement with industry leaders, to make the greatest global contributions.”
All funds will go to the Stevens Center for Innovation in Finance at the Wharton School. The Stevens Center for Innovation in Finance was established with the support and partnership of undergraduate alumnus Ross Stevens. The faculty is currently a hotspot for students eager to get into fintech, and other non-traditional areas of finance.
Erika James – the dean of the Wharton School – also expressed her gratitude for the unexpected funding, and promised that it will be put to good use.
“With finance at the heart, history, and future of the Wharton School, we are honored to receive this incredible gift. This investment marks a new era and mode of giving to the University and lifts up opportunities for students to become tomorrow’s leaders in finance—through exceptional coursework and transformative interactions with policymakers and industry experts.”
In a time when many donations are simply PR moves, this anonymous donation – possibly from former alumni who may have gotten into crypto early thanks to what was taught at the Wharton School – is a heartwarming reminder that random acts of kindness can go a long way.
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