UCSF Gets $30M Endowment for Basic Sciences Education
On Tuesday, UC-San Francisco announced a uniquely structured $30 million endowment from Sequoia Capital Chair Sir Michael Moritz and his wife Harriet Heyman that will trigger another $30 million in funding for basic sciences education. UCSF -- a graduate-level, health care-focused institution -- historically has relied on taxpayers to cover the cost of tuition and living expenses for Ph.D students studying to become doctors or medical researchers, but funding cuts have forced more costs on students themselves.
- "$30 Million Gift to UCSF, $30 Million Match Target Basic Science Programs for Ph.D. Students" (Leuty, "BiotechSF," San Francisco Business Times, 9/24).