Museum of Science and Industry gets $125 million gift, adds donor's name

(Photo credit: J.B. Spector/Museum of Science and Industry, Chicago)

The Museum of Science and Industry in Chicago will add a donor to its name after getting a $125 million gift _ the largest in its history.

The museum said Thursday it will be known as the Kenneth C. Griffin Museum of Science and Industry.

The president of the museum, David Mosena, says the donation will ensure that the museum will be a “vital resource for science learning in the 21st century.” Griffin is the founder of Citadel, a Chicago-based hedge fund.

Griffin says the museum is one of the "most important institutions of science in the world.” The money will help the museum create a state-of-the-art digital gallery and performance space.

The gift from the Kenneth C. Griffin Charitable Fund moves the museum’s fundraising campaign above $300 million.