UC Merced received a $500,000 gift to provide scholarships for transfer students.
The gift came from The Bernard Osher Foundation, based in San Francisco, according to the university. The foundation's mission is to help improve quality of life by supporting higher education and the arts.
The money will be used to establish an endowed scholarship fund. The scholarships will range from $1,000 to $5,000 per student and will be awarded to five to 10 transfer students.