Stephen Schwarzman is planning a major expansion of his foundation with a focus on AI preparedness and education, documents reviewed by the Wall Street Journal show. The Blackstone co‑founder intends to grow the Stephen A. Schwarzman Foundation substantially and may transfer a large share of his estimated $48 billion fortune to the charity over time. Higher education and research units can expect new funding flows targeted at AI workforce development and related programs, but the scale and strategic aims of the foundation could also concentrate influence over curriculum, research priorities and public‑private partnerships in the AI policy space.