Cal has announced that the Men's Gymnastics team will be preserved as an intercollegiate sport, with some restrictions. Over $2.5M has been raised so far, in support of the program. This is however short of the $4M the University says is necessary to support the program at full funding for at least 7 to 10 years. As a result, the program will be unable to award new scholarships until the funding is in place. This coming season will be the 100th at Cal! The other four programs that were proposed to be cut, including Women's Gymnastics, have all been previously restored.
For information on how to make a pledge, please see Cal Gymnastics Forever.
Link: Cal Statement