Here is what the Washington Post reports:
The former California governor, actor, and body builder has co-founded a think tank and become a professor at the University of Southern California with the establishment of the USC Schwarzenegger Institute for State and Global Policy, where he will be the Governor Downey Professor of State and Global Policy. He will also serve as the chairman of its board of advisers.
With an eye toward leadership responsibility and transcending partisanship, the institute will focus on five core research areas: education, energy and environment, fiscal and economic policy, health and human wellness and political reform.
Schwarzenegger has committed $20 million from his personal funds as well as future fundraising to support the institute.
The first public event will be a one-day symposium on Sept. 24 that will focus on the importance of post-partisanship in the modern policymaking world.Here is the annoucement from USC.