The recently founded University of Austin, styled as an “anti-woke” university, has recently been gifted $100 million by Jeff Yass, who is a board member of the Cato Institute. The Wall Street Journal reports:

The billionaire trader Jeff Yass is donating $100 million to the University of Austin, the fledgling program whose founders include venture capitalist Joe Lonsdale and journalist Bari Weiss, who recently became editor in chief of CBS News.

The university, which was formed in 2021, has about 150 students across its inaugural freshman and sophomore classes. It doesn’t charge tuition, though students cover costs for housing, meals and books.

The school, known as UATX, has financial backing from wealthy individuals frustrated by the political polarization and silencing of unpopular ideas they were seeing at elite universities. The Wall Street Journal reported last fall that it had raised $200 million, including $35 million from Yass. Real-estate developer Harlan Crow and investor Len Blavatnik are also among the school’s early supporters.

UATX has a physical space in downtown Austin, Texas, and dedicated student housing. It says it is nonpartisan and describes its mission as “the fearless pursuit of truth.” Its curriculum prioritizes classical texts, such as Homer’s “The Odyssey,” and entrepreneurship.

“I was really impressed by what they have done,” said Yass.

He said he supports a separation between education and government, and wants to eliminate stress for parents who spend years saving up for their children’s college.

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