Why a Chinese Donates $350 million to Harvard?
The latest news says:
Hong Kong tycoon Ronnie Chan and his brother Gerald Chan, have donated $350 million to Harvard School of Public Health (HSPH).
It is the largest single donation the American university has ever received since founded in 1636
Harvard University renamed the school the Harvard T. H. Chan School of Public Health.
T. H. Chan, Ronnie Chan’s father, the late founder of Hang Lung Group, who established The Morningside Foundation.
So far, there are only two Harvard schools named after an individual, one is the Harvard T. H. Chan School of Public Health, the other Harvard Kennedy School of Government.
In July, 2014, the billionaire couple Pan Shiyi and Zhang Xin donated $15 million to Harvard to establish a Soho China Scholarship.
At these news, as a Chinese, my first response is:
Why not invest in China's education?
Chinese colleges, universities and government should think about it profoundly.
As a matter of fact, this phenomenon is worth a careful study and weighing.
To creat a good fame, reputation and promote its brand and image abroad.
To develop a new way out for the future business.
To pave a path to the world elite school for his posterity.
These are all probably understandable.
Most Chinese commentators would have little problem with that, as caring for one's family and friends is traditional in Chinese society. In fact, most critics would do the same if they had the financial means.
Is there other deeper reasons behind their decisions?
Or because these billionaires lose confidence in Chinese Charitable donations system.
Or because they lose confidence when do business with Chinese government, in which they have faced too many Chinese government officials being guilty of malpractice and corruption.
And they know too much as an insider. They can not speak it out, or reluctant to, or dare not.
For there are too many unspoken rules when doing business in China.
America's top colleges are mainly private universities, which are founded and developed mostly on individual donation,
Regarding to the management aspects, the education donation is operated by a special Foundation, respecting the wishes of the donators with an open accounting.
For there is a transparent mechanism, the American colleges gain the public’s trust and attract large mounts of donation from individuals.
In contrast, Chinese philanthropy is less open and transparent, void of a reliable public supervision mechanism.
There is little transparency and accountability in the operation and use of the donation. And this leads to the lack of the public’s trust on the management of the donation runned by Chinese universities and government.
As an old saying goes:
Better return home and make a net than long for fish by the waterside.
So it is better to reflect on where it all goes wrong rather than to envy that the international famous colleges frequently win the favor of Chinese tycoons.
The donation was to a department which tries to solve some of the worlds major issues if I remember correctly, maybe he thought by donating to the top department in the world, he can make a difference to many people in the world, maybe he sees himself as less Chinese and more of a "world citizen"
Why MUST he invest in China, just because he is Chinese? Maybe he also doesn't see patriotism in the same way as many Chinese, maybe...being Hong Kong, he doesn't even associate with being Chinese.
Maybe he is utilitarian and was thinking of the good of the many, maybe he has a close friend in that department?
I think your first question is the interesting one "Why not invest in China's education"
There is an inherent assumption that he should...why should he?
Very interesting article though and you are right, Chinese universities should reflect on why he is donating abroad and not in China. Such reflection can only serve to improve Chinese universities
Do you think those universities need donations? Wouldn't the money be better suited in areas where education is behind?
Money is not everything, but without money, we can do nothing.
Who will say money is enough?
No one will be content with money no matter how much they get.
Probably the fame of the university attracted the donation. Pertinent research will be attached to the Chan family name for the rest of eternity. I agree there's always some exchange going on when donations like this are made. What that exchange is will remain a mystery to most of us. Conspicuous indeed.
What Chinese schools do you think should have garnered the donation?
Why would Harvard need the money, anyway? It is one of the richest schools in America.
though we never stop to criticize. somehow somebody donated to the purest educational center, thats good in one point. donation should be donated in suitable situation, that might makes one sinless.. we don't know the hidden intention to grant such a huge amount as donation however there are lots of poorest education institutes and social sectors in China. was Harvard wobble in financial crisis? or they just want to delight with long term fame attaching with reputed western famed one institute or they want to make a Guinness record by donation?
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