Billionaire Michael Moritz, chairman of venture firm Sequoia Capital, has donated $30m to form an endowment for basic science PhD students at the University of California, San Francisco (UCSF).

The university is matching the $30m with a further $25m, making it the largest PhD endowment programme ever for the University of California. UCSD also made a commitment to raise an additional $5m from other donors.

It’s not the first time the Welshman has engaged in higher education philanthropy. Last year,…

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