Overview
- The $50 million contribution is the largest single gift in the 68-year history of the Hayward campus, President Cathy Sandeen said.
- Cal State East Bay plans to place most of the money into a permanent endowment, using investment earnings for scholarships, new programs and on-campus jobs for students.
- The university has lost about 3,090 students since 2019, part of a 27,881-student decline across the 23-campus California State University system.
- The call from the MacKenzie Scott Foundation notifying the campus of the grant came unexpectedly, according to Sandeen.
- Scott has recently given major gifts to other California institutions, and Cal State East Bay is reported as the first Bay Area university to receive one of her grants.