HKU announced the launch of a remarkable
challenge scheme set by an alumnus in November 2005.
Dr Stanley Ho (1939-1941, HonDSocSc 1987) has established
the "Stanley Ho Alumni Challenge" of HK$500 million for the
University of Hong Kong.
Dr Ho was a Science student at HKU from 1939 to 1941. His
studies were interrupted by the Japanese Occupation of Hong
Kong. He stayed in the student hostel at Ricci Hall, which
still stands on Pokfulam Road.
This Scheme started on November 1, 2005. Gifts will
be matched dollar for dollar, up to $100 million each year
for the five consecutive years. Donations may be designated
according to donors' wishes.
This exceptional gift is the toughest challenge ever to be
put to our alumni. To meet the cumulative goal of $500 million
and receive the maximum match, we need 50,000 alumni to each
donate HK$10,000. Alternatively, it means 50,000 alumni each
giving $2,000 a year for five years. But every dollar counts
(see "How it works").
The funding initiative would enable HKU, one of Asia's leading
institutions of higher education, to strengthen its research
excellence, advance its efforts to internationalise, and assist
ambitious campus development plans.
The Government's recurrent grant for HKU is over $2 billion
per year. The University cannot rely solely on government
funding if it wants to excel. We need support from our alumni,
staff, students and the community. Let us join hands to attain
our shared goals!