The University of Pennsylvania announced that they received an anonymous gift of $5M in Bitcoin. It is the largest cryptocurrency gift/donation the University has ever received. NYDIG, an industry leader providing Bitcoin technology and financial services, will help to process the fund. University will support growth programs related to Innovation in Finance at Wharton School.
“As the nature of philanthropy continues to evolve, Penn stands at the forefront of innovative ways to make a difference in the world,” said Penn President Amy Gutmann.
The Stevens Center is reinventing the intersection of finance and technology using research, exploratory projects, and commitment with industry leaders. In 1991, Penn and Wharton partnered to establish the Stevens Center for Innovation in Finance. It holds the prestige of being the top most institute for education and research purposes in the field of FinTech. The students here are learning about “the digital currency ecosystem”, engaging with Wharton faculty and financial institution leaders.
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Wharton Dean Erika Wharton James said, “With finance at the heart, history, and future of the Wharton school we are honored to receive this incredible gift. The 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.”
A blend of innovative philanthropy outcomes promises for students makes an exciting moment for the Wharton community
