Quantitative Foundation gives another $20M to UVa for second building for School of Data Science

The School of Data Science at the University of Virginia recently moved into a new building at the intersection of Ivy Road and Emmet Street, but are already looking for more space for entrepreneurial work to take place.

Today UVA President Jim Ryan announced they’ll get the resources to do so.

“I’m delighted to announce a new $20 million grant from the Quantitative Foundation which will help us build a new building next to the current data science building the Emmet-Ivy Corridor,” Ryan said.

In 2018, the Quantitative Foundation made a $120 million gift to UVA for the establishment of the School of Data Science.

“The Foundation’s investments as you probably noticed have positioned UVA at the forefront of an exploding field,” Ryan said. “Since its launch, the School of Data Science has generated enormous interest from prospective students, a surge in faculty research, and new partnerships with business and government.”

The announcement came today at the meeting of the Board of Visitors’ Advance committee. More from the BOV meetings today in the next edition of the newsletter.

Will Foshay, executive director of the Quantitative Foundation, spoke on behalf of Jaffrey Woodriff, the major force behind Quantitative Investment Management.

“We do hope that the multiplying effects of starting innovative businesses has a philanthropic component,” Foshay said. “This building that provides space for both is extremely exciting and we very much expect the whole to be greater than the sum of the parts.”

Woodriff also is the force behind the development of the CODE Building on the eastern end of the Charlottesville Downtown Mall.

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