Landmark gift from alumnus Stephen A. Schwarzman to establish first-of-its-kind campus center at Yale

President Peter Salovey has announced a $150 million path-breaking gift by Blackstone founder and Yale alumnus, Stephen A. Schwarzman ’69 B.A. to create a world-class, state-of-the-art campus center by renovating the historic Commons and Memorial Hall. Schwarzman’s gift, the second-largest single donation in Yale’s history, will establish a university-wide center that serves as a campus educational, social, and cultural hub, and enables virtual engagement with global audiences.