Victor and William Fung Foundation Donates $1 Million for Global Education Programs

Published in MIT News on May 4, 2016, by the Global Education and Career Development Office

Five-year funding will expand opportunities for MIT undergraduates.

Fung Foundation donates $1 million to GECDThe Victor and William Fung Foundation has renewed its funding to support global education opportunities for MIT undergraduates. In 2011, the foundation made a $1 million donation for scholarships in support of global opportunities for MIT undergraduates. This year they donated another $1 million for this purpose, to be expended during the next five years.

Victor Fung SM ’66 co-founded the Victor and William Fung Foundation in 2006 to commemorate the centenary of the Fung Group, a Hong Kong-based business conglomerate started by his grandfather. The foundation promotes leadership development, principally through scholarship programs with universities, and thought leadership, principally through think tanks and educational institutes.

Fung Scholarships enable awarded MIT undergraduates (“Fung Scholars”) to participate in university-based global education programs, including study abroad, internships, and faculty-mentored research. The scholarships will also continue to expand opportunities for undergraduates to go abroad during Independent Activities Period (IAP) in January and in the summer. The scholarship application opened in March, with the next scholarship recipients going abroad this summer...

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