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SOHO endows $10m to Yale

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Staff writer ▼ | October 31, 2014
The SOHO China Foundation signed an agreement with Yale University endowing $10 million in "SOHO China Scholarships" to the university.
Education   SOHO China Scholarships
The SOHO China Scholarships is a $100 million initiative launched by the SOHO China Foundation to create financial aid for Chinese students to obtain undergraduate education at the world's top universities.

"Every person's potential is like a hidden gem, and education is the tool that unlocks human potential. The SOHO China Scholarship's aim is to provide the best possible educational opportunities to the most outstanding students from Chinese mainland, enabling them to maximize their potential in their contribution to mankind," said SOHO China Chairman Pan Shiyi.

Yale University has longstanding ties with China. Yung Wing, China's first student to study in the United States, matriculated from Yale in 1854. Yale was also the first university in the United States to teach the Chinese language.

"This gift will help top Chinese national students access a Yale education today and for generations to come. The SOHO China Foundation's extraordinary generosity will encourage outstanding students from China to apply to Yale and assure them, should they be admitted, that we will meet their full demonstrated need for financial support," said Yale University President Peter Salovey.