By Anne Levin

David M. Rubenstein, a trustee of the Institute for Advanced Study, has donated $20 million to support the creation of a new building on the campus to be known as the Rubenstein Commons, it was announced Monday.

Mr. Rubenstein is the Co-Founder and Co-CEO of The Carlyle Group, an American multinational private equity, alternative asset management and financial services corporation based in Washington, D.C.

The Rubenstein Commons is conceived as a welcoming and flexible environment for interaction among the permanent Faculty and visiting scholars at the Institute. It will “greatly enhance the Institute’s role as a convener of academic thought and activities across the sciences, humanities and social sciences,” according to a press release. “The gift also helped to ensure the successful completion of the Campaign for the Institute, which concluded on June 30.”