Carnegie Mellon University in Pittsburgh has announced a $10 million gift from alumnus and venture capitalist James R. Swartz ('66) and his wife, Susan.
The gift, which will support business education, cutting-edge research, and interdisciplinary collaboration at the university's Tepper School of Business, follows a $67 million gift made last year by alumnus and hedge fund billionaire David A. Tepper ('82) to create a new academic hub, the David A. Tepper Quadrangle, along the Forbes Innovation Corridor. Together, the gifts will also support construction of a 295,000-square-foot facility in the Tepper Quad that houses a number of interconnected entities, including the school of business, the Center for Innovation and Entrepreneurship, the Simon Initiative, and quality-of-life enhancements for the general CMU community.
James Swartz, a founding partner of venture capital firm Accel Partners in Palo Alto, California, received the 2013 Tepper School Alumni Achievement Award in recognition of his professional accomplishments and commitment to education.
"At Carnegie Mellon, I learned to master management science, constructing business models to solve challenges that were completely new to the marketplace and unleashing the power of data for smarter business decisions," said Swartz. "Those lessons, and the skills that I developed as a result of them, have greatly benefited me throughout my entrepreneurial career."