Jensen Huang’s donation saves California College of the Arts

California College of the Arts has received a package of donations worth $45 million, half of which came from the world’s 11th-richest man, Nvidia co-founder and CEO Jensen Huang. 

Battered by budget shortfalls and declining enrollment, the San Francisco college announced Friday that it had raised $22.5 million in donations from the board, former trustees, alumni, and Bay Area arts, culture, and tech donors. The Jen-Hsun & Lori Huang Foundation, a philanthropic nonprofit created in 2007, matched that number. 

Huang’s contribution, his first for CCA, is the largest donation in the school’s history by $5 million.