The largest-ever donation to the University of Virginia will be used to establish a School of Data Science.
Danny Crichton filed this report in TechCrunch:
The donation was offered by the Quantitative Foundation, which is based in UVA’s hometown of Charlottesville. Jaffray Woodriff, the founder and CEO of Quantitative Investment Management, is the trustee of the foundation, where his wife Merrill is a director. QIM is one of the hedge fund leaders in quantitative trading, and Bloomberg noted that the fund saw investment returns of 55 percent in the first few months of 2017.
UVA’s administration said that the School of Data Science intends to offer a range of degree programs, from the bachelor’s to the doctoral level, as well as to be a center for research on data science. It massively expands UVA’s current Data Science Institute, which was opened in 2013 and also was funded by a $10 million grant from the Quantitative Foundation. The school is pending approval from internal UVA governance committees as well as the state of Virginia before launching.
In its release, UVA explained the unique design of the school. The school will have satellites and centers instead of departments. The satellites will be embedded in other schools to facilitate collaborative data science work in those disciplines, and the centers will be theme-based with focus areas to include data acquisition; engineering; analytics; visualization and dissemination; and ethics, policy and law.
