The former governor/actor announced on Thursday that he has co-founded the Schwarzenegger Institute for State and Global Policy at the University of Southern California.

This institute is dedicated to promoting a new era of post-partisanship, where solutions are the result of intelligent and civil discussion between people with deeply held principles who understand the need to work through their disagreements to achieve real solutions,” he said.

Schwarzenegger is giving $20 million of his own money to the institute and will serve as a professor, fundraiser and chairman of the board of advisers, reports say.