Morehouse College in Atlanta has announced a $2.5 million gift from mathematician and hedge fund manager Jim Simons and his wife, Marilyn, in support of its science, technology, engineering, and mathematics programs.
The gift will be used to bolster the historically black college's longstanding efforts to diversify the fields of science, technology, engineering and mathematics. According to the most recent data available from the U.S. Department of Education's National Center for Education Statistics, between 2004 and 2013 Morehouse produced the most African-American male baccalaureates in the biological sciences, physics, and mathematics and statistics.
Together, Jim and Marilyn Simons head the Simons Foundation, which works to advance research in mathematics and the basic sciences. Jim Simons is a world-renowned mathematician, hedge fund manager, and philanthropist, while Marilyn Simons serves as co-chair of the Stony Brook University Women’s Leadership Council. In 2010, the couple became signatories to the Giving Pledge.
"At Morehouse College, we take seriously our role in the effort to not only make sure that we provide a top-quality STEM education, but also to make sure the STEM fields reflect the diversity of this great nation," said Morehouse president John Silvanus Wilson, Jr. "I thank Marilyn and James Simons for seeing Morehouse's role and for being a vital part in this important work."