It is very inspiring for every one at HKUST that our Alumni Endowment Fund (AEF) initiative has received tremendous support since its launch in March 2012.
It has hit a record high in terms of donation amount and participation rate, with a total of over HK$6.2 million having been raised by our alumni. Taking into account the 2:1 matching successfully secured from the government matching grant, the fund has now reached HK$9.3 million! In other words, the interest income available for students in 2012-13 has reached HK$300,000, which is earmarked to cover sponsorships on student academic programs, reaching-out activities, awards for sporting achievements, other activities and the like. All these will help make a difference to the students’ lives.
None of this would have been possible without the keen enthusiasm of our alumni donors, in particular Dr Jack Lau, EMBA and PhD(ELEC), and Mr Kent Hau, BBA(MGTO). These two took the lead by donating HK$2 million each to match donations from their peers. This has significantly amplified the donations. They were both moved to do this because of their respect and admiration for their alma mater, and by their desire that all students should be able to make the most of their time at the University.
We are pleased to note that 13% of the donors give regularly, through either monthly or yearly donations. It shows that many alumni are committed to making contributions to their alma mater.
Looking forward, the University relies greatly on your continuous support to help AEF sustain and grow!
Our alumni donors: