George Roberts, the co-founder of the global investment company Kohlberg Kravis Roberts, known as KKR & Co, donated a historic $140 million to Claremont McKenna College.
George Rosenberg Roberts graduated from Claremont McKenna in 1966. KKR and Roberts became famous for their 1988 purchase of RJR Nabisco, as described in the book “Barbarians At The Gate.” Forbes estimates that he is worth $8.3 billion.
Claremont McKenna which is consistently listed among the nation’s most prominent liberal arts universities said on Friday that it plans to quadruple its campus size, by approximately 75 acres.
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The new site will include Eight new athletic and practice fields, as well as a new aquatics center, golf practice range, and recreational space; Three pedestrian malls designed to foster connection, involvement, and public art; Academic and administrative facilities will be constructed, as well as enlarged student housing and a Commencement Green.
Claremont McKenna said that Roberts’ gift pushed the total raised for the current capital campaign to $916 million.
The Board of Trustees has voted to rename the whole new site east of Mills Avenue “The Roberts Campus” in recognition of Roberts’ donation.
Roberts’ previous significant gift to Claremont McKenna was in 2012. He made an unrestricted contribution of $50 million to the college, which honored him by naming its new fitness, events, and athletic complex “Roberts Pavilion.”