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Former California Governor Arnold Schwarzenegger speaks after being honored by the Los Angeles Chamber of Commerce at the annual convention of the American Chamber of Commerce Executives (ACCE), Thursday, Aug. 4, 2011, in Los Angeles.  (AP Photo/Mark J. Terrill) Former California Governor Arnold Schwarzenegger speaks after being honored by the Los Angeles Chamber of Commerce at the annual convention of the American Chamber of Commerce Executives (ACCE), Thursday, Aug. 4, 2011, in Los Angeles. (AP Photo/Mark J. Terrill)  

USC and Arnold Schwarzenegger to launch policy think tank

The University of Southern California and former Gov. Arnold Schwarzenegger on Wednesday announced a partnership to establish a think tank that will seek bipartisan solutions to environmental problems, economic policy, political reform and other public policy issues.

The USC Schwarzenegger Institute for State and Global Policy will be funded with a commitment of $20 million from the former governor that will include a personal donation as well as money from his fundraising efforts. USC officials said the endowment is expected to be fully funded within two or three years. Schwarzenegger’s initial gift is confidential, officials said.

“When you think back of everything I’ve done — body building, training people, writing about diet and food supplements and promoting movies and entertainment — I’ve always been interested in making sure other people can benefit from my experience,” Schwarzenegger said in an interview. “And it’s the same with this. It would be a shame to think what I learned from my governorship over seven years … ways of solving problems — will now be left behind and no one will benefit.”

Full story: USC and Arnold Schwarzenegger to launch policy think tank