The University of Austin says Yass’ donation is the first in a fundraising campaign aimed at raising $300 million to cover students’ tuition.
Billionaire Jeff Yass donated $100 million to the University of Austin, the unaccredited “anti-woke” college founded in 2021 by CBS News chief Bari Weiss , marking what the school is calling its largest single donation to date.
Yass’ donation was the start of a campaign to raise $300 million, which will be used to fund the college instead of students’ tuition or government subsidies., which first reported the donation Wednesday morning, that he wanted to support separating education from government and reduce the stress for parents saving up for tuition for their children, noting he was “very impressed” by the university’s accomplishments.The Free Press to Paramount for a reported $150 million in October and has since been named editor-in-chief of CBS News.at $65.7 billion, a fortune primarily built through his trading firm Susquehanna International Group. Yass became a Trump donor during the president’s 2024 campaign, and is part of theprimed to take control of TikTok in the United States should President Donald Trump’s deal with China go through.by a group that included Weiss, a former New York Times opinion editor who resigned to found digital publication The Free Press, as well as billionaire Trump donor. The university was founded with an explicit anti-censorship and anti-mainstream academia mission, fighting what it refers to as the “rising tide of illiberalism and censoriousness prevalent in America’s universities.” The University of Austin says it does not plan to charge tuition, and does not plan to take “government money” for funding. Instead, the school claims it will rely on donations to fund its programs, betting that its programs will “produce extraordinary graduates” that will provide more donations in the future. TheSo far, the Texas Higher Education Coordinating Board has only approved the school to grant bachelor’s degrees in “liberal studies.” It welcomed its first full-time graduating class in 2024, which consisted of 92 students,reported, and enrolled a second this fall. Because it is unaccredited, it is unlikely University of Austin degree holders will qualify for most postgraduate programs or be able to transfer their credits—but the school says it is working on “agreements” with other institutions to accept its degrees before it is accredited. The school says its accreditation process is ongoing, and expects to finish between 2028 and 2031.
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