Gift From Alumnus Griswold and Family Endows Center for Economic Policy Studies at Princeton

Investment banking executive Benjamin H. Griswold IV, a member of Princeton's Class of 1962, and his family have made a substantial gift to endow the Center for Economic Policy Studies at Princeton University.

The center, which supports economic policy-related research in the Department of Economics and fosters communication among experts in the academic, business and government communities, has been renamed the Benjamin H. Griswold III, Class of 1933, Center for Economic Policy Studies, in honor of Griswold's father, a member of Princeton's Class of 1933.

The late Benjamin Griswold III was a highly decorated naval officer and combat veteran of World War II who went on to a notable career in finance that included serving as senior partner of the investment firm Alex. Brown & Sons and as a director of the New York Stock Exchange. Griswold was also a leading member of many civic, medical and educational boards and foundations.

The gift made in his honor provides support for the work of the center, founded in 1989, which recently has included research in job loss and the decline in job security for U. S. workers; the organization of monetary policy committees; the impact of occupational licensing; China's financial markets; and the returns and risk of hedge fund investments.

The center also brings leaders from the economic and public policy communities to campus to share their insights. Recent speakers have included New Jersey Gov. Chris Christie and Federal Reserve Board Chairman Ben Bernanke, who was a former professor of economics at the University.

The gift to endow the Griswold Center for Economic Policy Studies is part of the University's $1.75 billion Aspire campaign.