College

$860 Million in 6 Weeks: MacKenzie Scott's Historic Higher Ed Donation Spree Hits Struggling Schools

MacKenzie Scott donated $50 million to Cal State East Bay—the largest gift in the struggling university's history—as part of an $860 million higher education giving spree since October. The school lost 25% of its enrollment and faces a $13.2 million deficit, making Scott's unrestricted donation transformational.