The Liu Deguang Foundation donated 8 million yuan to Nanyang Technological University to support college students from local low-income families, and set up scholarships to attract outstanding Indonesian students to apply for master's degrees.

Nanyang University issued a statement on Friday (March 14) saying that Nanyang University held a donation ceremony with a charitable foundation named after Indonesian coal tycoon Liu Deguang that day. The school has received 8 million yuan donated by the foundation, which will further promote fair education and the cultivation of global talents.

6 million of this will be used for the economic aid program of Nanjing University. This fund will set up a Liu Deguang Foundation scholarship to provide financial support to undergraduate students with a per capita income of no more than 750 yuan in local families to ensure that economic conditions will not become an obstacle to their pursuit of higher education.

It is estimated that about 60 students will benefit from it every year. The sponsored students will not only have tuition fees at all, but also receive a living allowance of RMB 3,000 per year.

The remaining 2 million yuan will be established to establish the Liu Deguang Foundation scholarship to support the Indonesia-Nanyang Technological University Talent Programme launched in June last year.

Further reading

Applications will be open for scholarships for the Chinese Assistant Association next week

Applications will be open for scholarships for the Chinese Assistant Association next week

Dr. Zheng Lihua donates another 2 million yuan to encourage students to expand their horizons when they exchange overseas

Dr. Zheng Lihua donates another 2 million yuan to encourage students to expand their horizons when they exchange overseas

The program aims to attract outstanding Indonesian students to pursue a master's degree at Nanyang University, cultivate talents with bicultural backgrounds, and create win-win opportunities for Singapore and Indonesia in a number of key areas.

The newly established Liu Deguang Foundation scholarship is expected to benefit a total of 25 Indonesian students from different disciplines and support them in completing their master's degree.

Liu Deguang Charity Foundation donated 120 million yuan a year

Professor Ho Dehua, President of NTU, said: “Undergraduate grants further ensure that all students can enjoy a world-class education, while graduate scholarships show how private philanthropy plays a transformative role in cultivating the next generation of regional leaders.”

Liu Deguang's son Liu Yiao is an alumnus of the Engineering Department of Nanjing University. He said that his study experience at Nanjing University, as well as the knowledge, skills and connections he gained, are crucial to his career development and have also improved his leadership and awareness of philanthropy.

“Our Foundation hopes to have a profound impact on the growth path of NAU students through this donation and provide students with more opportunities for growth and success. We look forward to enhancing students’ overall educational experience and helping them make outstanding contributions to society in the future.”

The Liu Deguang Charity Foundation, established in December 2022, donated a total of 127.6 million yuan in 2023 to support local and regional education and medical services, ranking first in my country's charity organizations.