Sequoia's Moritz Gives $50 Million to University of Chicago

  • Donation will help lower-income undergraduate students
  • U.S. colleges raised record $40.3 billion in 2015 fiscal year

Michael Moritz, chairman of venture capital firm Sequoia Capital, and his wife, Harriet Heyman, are giving $50 million to her alma mater, the University of Chicago, to help lower-income students.

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