Grove City College Receives $4M Bitcoin Gift
GROVE CITY, Pa. – A $4 million gift from alumnus Howard E. Winklevoss will support Grove City College’s overall mission and the School of Business, which will be named in his honor this fall.
Winkelvoss’ donation is the first Bitcoin gift the college has received.
“We are deeply grateful to Howard Winklevoss for this extraordinary gift, which will support our School of Business and other programming vital for preparing our students to be leaders of the highest purpose, principle and proficiency,” Grove City College President Paul J. McNulty said. “It is fitting that we honor and recognize this distinguished alumnus’ achievements in academia, legacy of entrepreneurship, commitment to excellence and generous support of Grove City College by naming the School of Business in his honor.”
Winklevoss is a renowned academic and business technology entrepreneur. A native of Mercer, Pa., he earned a degree in accounting and met his wife, Carol, at the college. Winklevoss is a former professor of actuarial science at the Wharton School of the University of Pennsylvania, the author of several books, including “Pension Mathematics with Numerical Illustrations,” a writer of numerous academic articles and a winner of the American Risk and Insurance Association’s Elizur Wright Award for his contribution to the literature of insurance.
After teaching for more than a decade, he entered the private sector, founding multiple ventures, including Winklevoss Consultants, a financial consultant to over 125 major corporations, and Winklevoss Technologies, a company that builds software for the actuarial consulting community to model and administer defined benefit pension plans. Winklevoss Technologies was acquired by Constellation Software for $125 million in 2023.
“Grove City College played a pivotal role in shaping my career and success and has always been a champion of free enterprise and independence,” Winklevoss said. “This gift is a way to give back to an institution that has given me so much. I hope it will inspire future generations of students to pursue excellence and make a positive impact in the world.”
The School of Business will be officially named the Winklevoss School of Business during a ceremony in November in the Staley Hall of Arts and Letters. The college established its School of Business in 2022 to create an academic home for the disciplines of accounting and finance; marketing and management; entrepreneurship; and economics and better prepare students for the marketplace.
Published by The Business Journal, Youngstown, Ohio.
