Lee Foundation
Encyclopedia
Lee Foundation is a charitable foundation
in Singapore
created to aid "the advancement of education, medicine and cultural activities; helping the poor; and assisting victims of fire, flood and famine", It also funded other philanthropic work. It was founded in 1952 by philanthropist
and businessman, Lee Kong Chian
.
In 1957, Lee Seng Gee took over as chairman of the foundation, from his father.
Since its creation till 2009, the Foundation donated S$400 million to various causes, regardless of race, language, religion, nationality, and geographical location. Seventy-five percent of that amount went to education. Notable contributions included a $60 million donation towards the building of the new National Library in 2003, a $50 million donation to the Singapore Management University
in 2004, and a $30 million gift to the National University of Singapore
in 2005.
In 2002, the Foundation and the Old Rafflesians' Association launched and funded the Lee Zhu Pheng Poetry Award. The bi-annual award is awarded to aspiring young poets in secondary schools and junior colleges.
On 5 January 2011 the foundation donated S$150 million to the Nanyang Technological University medical school, which will be named the Lee Kong Chian School of Medicine in honor of the founder of the Lee Foundation. This is the largest donation to an education institution in Singapore to date.
The generosity of the foundation has earned them many accolades such as the Distinguished Patron of the Arts Award by the National Arts Council for several years, and the National Volunteerism and Philanthropy Award Special Recognition Award in 2004.
Foundation (charity)
A foundation is a legal categorization of nonprofit organizations that will typically either donate funds and support to other organizations, or provide the source of funding for its own charitable purposes....
in Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
created to aid "the advancement of education, medicine and cultural activities; helping the poor; and assisting victims of fire, flood and famine", It also funded other philanthropic work. It was founded in 1952 by philanthropist
Philanthropist
A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, and/or reputation to charitable causes...
and businessman, Lee Kong Chian
Lee Kong Chian
Lee Kong Chian , was a prominent businessman and philanthropist and the founder of The Lee Foundation in Singapore. He was one of Southeast Asia's richest men in the 1950s and 1960s. He was the son-in-law of philanthropist Tan Kah Kee.-Early life:...
.
In 1957, Lee Seng Gee took over as chairman of the foundation, from his father.
Since its creation till 2009, the Foundation donated S$400 million to various causes, regardless of race, language, religion, nationality, and geographical location. Seventy-five percent of that amount went to education. Notable contributions included a $60 million donation towards the building of the new National Library in 2003, a $50 million donation to the Singapore Management University
Singapore Management University
The Singapore Management University was officially incorporated on January 12, 2000, and was Singapore's first private university funded by the government...
in 2004, and a $30 million gift to the National University of Singapore
National University of Singapore
The National University of Singapore is Singapore's oldest university. It is the largest university in the country in terms of student enrollment and curriculum offered....
in 2005.
In 2002, the Foundation and the Old Rafflesians' Association launched and funded the Lee Zhu Pheng Poetry Award. The bi-annual award is awarded to aspiring young poets in secondary schools and junior colleges.
On 5 January 2011 the foundation donated S$150 million to the Nanyang Technological University medical school, which will be named the Lee Kong Chian School of Medicine in honor of the founder of the Lee Foundation. This is the largest donation to an education institution in Singapore to date.
The generosity of the foundation has earned them many accolades such as the Distinguished Patron of the Arts Award by the National Arts Council for several years, and the National Volunteerism and Philanthropy Award Special Recognition Award in 2004.