Lee Kuan Yew will win my respect if he can follow what Lee foundation do

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Lee Foundation makes $150m gift to NTU
By Lee Jia Xin

THE Lee Foundation has given $150 million to Nanyang Technological University's (NTU) new medical school.

Two endowment funds will be established at the school.

Half of the gift - $75 million - is designated for an endowment fund offering student financial aid in the form of scholarships, bursaries and other forms of student financial support.

The remaining half will form another endowment fund for the advancement of medical education and clinical research at the medical school. In recognition of the gift, the school at NTU will be named the Lee Kong Chian School of Medicine, after the founder of the Lee Foundation - renowned business leader, pioneer and philanthropist Tan Sri Dato Lee Kong Chian.

Together with the enhanced Singapore government matching, NTU will receive a total of $400 million.

'Lee Foundation is honoured to be chosen by NTU and Imperial College to be partners in moving Singapore's medical education a step further. Together with the enhanced Singapore Government matching, this school will contain some of the best features of current medical education, and also provide assistance to bright and needy medical students who can pursue their life's mission,' said a Lee Foundation spokesman.

 

[UltimaOnline]

http://en.wikipedia.org/wiki/Lee_Foundation

http://www.channelnewsasia.com/stories/singaporelocalnews/view/1102614/1/.html

NTU's new medical school receives S$150m gift
By Mustafa Shafawi | Posted: 04 January 2011 1432 hrs

SINGAPORE: The new medical school at Nanyang Technological University (NTU) has received a S$150 million gift from the Lee Foundation.

NTU said half the sum will go directly to needy students. The remaining $75 million will form another endowment fund for the advancement of medical education and clinical research at the new medical school.

Together with the enhanced Singapore Government matching, NTU will receive a gift amounting to S$400 million.

The new medical school, a partnership by NTU and Imperial College London, was announced by Prime Minister Lee Hsien Loong at his National Day Rally speech last August.

In recognition of the gift, the new medical school at NTU will be named the Lee Kong Chian School of Medicine, after the founder of the Lee Foundation.

It will admit the first batch of students in 2013.

-CNA/ac