Chicago's Museum of Science and Industry gets new name after billionaire Ken Griffin's donation

CHICAGO - The Museum of Science and Industry will rename itself after Chicago philanthropist Ken Griffin, who is making the largest donation in the institution's history, the museum announced Thursday.

The sprawling science, tech and business museum on the city's South Side will become the Kenneth C. Griffin Museum of Science and Industry after the museum's board voted to accept Griffin's $125 million donation and the name change Thursday morning.

It's a major change in the Chicago cultural landscape, prompted by one of the largest cash donations ever to a local cultural institution. Griffin, founder of the hedge fund Citadel, has been one of the most prominent and active donors to cultural and educational organizations through his Kenneth C. Griffin Charitable Fund, with giving including the Museum of Science and Industry donation totaling more than $1 billion.

"The most important thing is that we are absolutely thrilled and proud to become the Kenneth C. Griffin Museum of Science