Schwarzenegger Starting a Think Tank

Ex-governator commits $20 million to work with USC.

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.