Li Ka Shing Foundation
Encyclopedia
The Li Ka Shing Foundation (李嘉誠基金會) is a Hong Kong
and Canada
-based charitable organization founded in 1980 by Hong Kong entrepreneur and philanthropist Li Ka Shing
, with a mission to nurture "a culture of giving" in society. The Li Ka Shing Foundation focuses on a two-pronged approach: capacity empowerment through education; and the building of a caring society through medical and healthcare related projects. To date, the Li Ka Shing has supported numerous charitable activities with grants, sponsorships and commitments of approximately HK$7.7 billion (approx. US$ 990 million).
considers education
and medical care to be two of the most important assets to the well being of a nation, and is determined to devote himself to charitable activities that will help improve education and healthcare services. However, he also understands that his contribution as an individual is limited. In order to foster a social culture of giving and encourage others to join him in his charitable cause, Mr. Li founded the Li Ka Shing Foundation in 1980 to coordinate and provide donations towards medical, educational, cultural and other community welfare projects in a systemic manner with focuses in Hong Kong and Mainland China.
To date, the Li Ka Shing Foundation together with other charitable Foundations established by Mr. Li have supported numerous charitable activities with grants, sponsorships and commitments of approximately HK $7.7 billion (approx. US $990 million). In addition, The Cheung Kong Group of Companies has also made many contributions under the procurement efforts of Mr. Li.
On Aug 24th 2006, Mr. Li Ka Shing announced that the Li Ka Shing Foundation would continue to make further donations to reach more than one-third of his personal wealth, valued at about HK $48 billion (approx. US $6.174 billion). He also made it clear that the Li Ka Shing Foundation is entirely devoted to the charity cause and that personal interests would not play a part in the Foundation’s operations.
On September 5, 2006, Mr. Li Ka Shing was awarded the Malcolm S. Forbes Lifetime Achievement Award to honor his brilliant achievement in entrepreneurial capitalism. It is the highest individual-based on recognition representing the successful achievement in global business by Forbes
Inc.
In May, 2005, the Li Ka Shing Foundation announced the donation of HK $1 billion (approx. US $129 million) to the University of Hong Kong, which was the largest education-related donation in Hong Kong, and was about one-third of the total annual expense of the university. To recognise the contribution from the foundation, the University of Hong Kong has named the Faculty of Medicine after Mr. Li, now the 'Li Ka Shing Faculty of Medicine'. The Li Ka Shing Foundation has donated altogether HK $2 billion (approx. US $258 million) to education-related causes in Hong Kong since 2000. The University of Hong Kong, the Chinese University of Hong Kong, the Hong Kong Polytechnic University and other colleges are all among the beneficiaries.
of the program was first brought about in March, 1998. In November of the same year, the first professional medical institution was set up in Shantou
-- the“Ning Yang Yuan” (寧養院) by Li Ka Shing. The program provides free services and medications as well as psychological assistance to cancer
patients. This program receives financial support of RMB 1,200,000 (approx. US$ 152 000) from the Li Ka Shing Foundation every year. Today, there are 20 Ning Yang Yuans covering 130 counties in Mainland China and the total number of patients served has reached 40,000 with 427,000 visits to their homes.
Art Performance
Dance Performance
Music Performance
Cultural Relics
local government will utilize the funding to build one hundred medical institutions in the region. These facilities will help improve the healthcare services in the area, benefiting a large number of population (most of which are farmers), and in turn contributing to the overall social and economic development in the region.
area in China’s Guangdong
Province suffered a strong typhoon, rendering 1.5 million residents homeless. $10 million was donated by the Li Ka Shing Foundation to help rebuild damaged homes and to aid relief efforts. The Foundation and the Hutchison Whampoa
Group, both under the leadership of Li Ka Shing, have also made separate contributions to assist flood
victims.
For the previous Just in Time Funding (JIT Fund), please visit here
which broke several records: the largest amount of educational donation in Asia, the largest amount of donation in Hong Kong, the largest amount of donation received by universities in Hong Kong and the largest amount of contribution subsidized by the Li Ka Shing Foundation. Controversial debates on re-naming of Faculty of Medicine, which started in May 2005, had lasted for more than one year. Students and alumni protested on the renaming of the Faculty. Vice-chancellor
of The University of Hong Kong, Tsui Lap Chee, made several speeches to explain on this issue. The Legislative Council member Kwok Ka Kee wrote an opposing letter addressing to the public, which led to condemnation by the University of Hong Kong. Finally, the name of the building is changed to Li Ka Shing Faculty of Medicine
January 2006.
share transaction, and his reputation would affect the reputation of the HKU Faculty of Medicine. Their ultimate goal is to restore the former name of the faculty, and can celebrate the 120th anniversary of the faculty by the former name.
Please find the details in HKU Medic Alumni Actions Against Alias(香港大學醫學院正名行動組) or Donation from Li Ka Shing Foundation, HKU webpage
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
and Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
-based charitable organization founded in 1980 by Hong Kong entrepreneur and philanthropist Li Ka Shing
Li Ka Shing
Sir Ka-shing Li, GBM, KBE, JP is a Chinese business magnate based in Hong Kong. He is the richest person of East Asian descent in the world and the eleventh richest person in the world with an estimated wealth of US$26.0 billion on 10 March 2011...
, with a mission to nurture "a culture of giving" in society. The Li Ka Shing Foundation focuses on a two-pronged approach: capacity empowerment through education; and the building of a caring society through medical and healthcare related projects. To date, the Li Ka Shing has supported numerous charitable activities with grants, sponsorships and commitments of approximately HK$7.7 billion (approx. US$ 990 million).
Background
Mr. Li Ka ShingLi Ka Shing
Sir Ka-shing Li, GBM, KBE, JP is a Chinese business magnate based in Hong Kong. He is the richest person of East Asian descent in the world and the eleventh richest person in the world with an estimated wealth of US$26.0 billion on 10 March 2011...
considers education
Education
Education in its broadest, general sense is the means through which the aims and habits of a group of people lives on from one generation to the next. Generally, it occurs through any experience that has a formative effect on the way one thinks, feels, or acts...
and medical care to be two of the most important assets to the well being of a nation, and is determined to devote himself to charitable activities that will help improve education and healthcare services. However, he also understands that his contribution as an individual is limited. In order to foster a social culture of giving and encourage others to join him in his charitable cause, Mr. Li founded the Li Ka Shing Foundation in 1980 to coordinate and provide donations towards medical, educational, cultural and other community welfare projects in a systemic manner with focuses in Hong Kong and Mainland China.
To date, the Li Ka Shing Foundation together with other charitable Foundations established by Mr. Li have supported numerous charitable activities with grants, sponsorships and commitments of approximately HK $7.7 billion (approx. US $990 million). In addition, The Cheung Kong Group of Companies has also made many contributions under the procurement efforts of Mr. Li.
On Aug 24th 2006, Mr. Li Ka Shing announced that the Li Ka Shing Foundation would continue to make further donations to reach more than one-third of his personal wealth, valued at about HK $48 billion (approx. US $6.174 billion). He also made it clear that the Li Ka Shing Foundation is entirely devoted to the charity cause and that personal interests would not play a part in the Foundation’s operations.
On September 5, 2006, Mr. Li Ka Shing was awarded the Malcolm S. Forbes Lifetime Achievement Award to honor his brilliant achievement in entrepreneurial capitalism. It is the highest individual-based on recognition representing the successful achievement in global business by Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
Inc.
Education
Mr. Li Ka Shing understands that education is pivotal to a nation’s development, as it not only establishes the basis for human civilization and technological advancement, but also bears a profound impact in social welfare and prosperity. As a firm believer in the importance of quality education, Mr. Li has devoted himself to the improvement of education in Hong Kong and Mainland China through the years. To date, over two-fifths of the Li Ka Shing Foundation’s donations have been put to education-related initiatives. Major programs and projects include:- Shantou University
- Cheung Kong Scholars Programme
- Future Internet Technology Research Center at Tsinghua UniversityTsinghua UniversityTsinghua University , colloquially known in Chinese as Qinghua, is a university in Beijing, China. The school is one of the nine universities of the C9 League. It was established in 1911 under the name "Tsinghua Xuetang" or "Tsinghua College" and was renamed the "Tsinghua School" one year later...
- Education and Medical Care Development Program for Western China
- Caritas Chong Yuet-ming Secondary School
- Li Ka Shing Faculty of Medicine, The University of Hong Kong
- The Hong Kong Polytechnic University Li Ka Shing Tower
- The Millennium Study Tour
- technology building Polytechnic University
- Cheung Kong Graduate School of Business
In May, 2005, the Li Ka Shing Foundation announced the donation of HK $1 billion (approx. US $129 million) to the University of Hong Kong, which was the largest education-related donation in Hong Kong, and was about one-third of the total annual expense of the university. To recognise the contribution from the foundation, the University of Hong Kong has named the Faculty of Medicine after Mr. Li, now the 'Li Ka Shing Faculty of Medicine'. The Li Ka Shing Foundation has donated altogether HK $2 billion (approx. US $258 million) to education-related causes in Hong Kong since 2000. The University of Hong Kong, the Chinese University of Hong Kong, the Hong Kong Polytechnic University and other colleges are all among the beneficiaries.
Medical
Medical care is a basic necessity for human lives. In addition, it measures progress and advancement of a nation. To help provide quality healthcare to patients in Hong Kong and Mainland China, especially those who lack financial means to obtain medical treatment, the Li Ka Shing Foundation has initiated numerous programs aimed at providing professional medical staff and advanced facilities. To date, healthcare-related donations represent the largest donation category provided by the Li Ka Shing Foundation, accounting for nearly half of all donations made by the LKSF. Some major health care projects includes:- China Disabled Persons' Federation
- Cheung Kong New Milestone Plan and Implementation Program
- Zhongren Nursing Home, Jinshan ShanghaiShanghaiShanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
- Li Ka Shing Specialist Clinics at the Prince of Wales Hospital
- Chaozhou Hospital and Chaozhou Central Hospital
- Li Ka Shing Physiotherapy Building at the Duchess of Kent Children's Hospital
- The Hong Kong Academy of Medicine
- Hospital Authority's Better Health for a Better Hong Kong
- Lifeline Express
- Operation Smile
- Medical Relief for the Poor
- "Caring Is Hip" Program
- The Chinese University of Hong Kong Li Ka Shing Institute of Health Sciences
- cooperation program between the Pasteur Institute and the Shantou University on avian flu http://asso.objectif-sciences.com/La-fondation-LI-Ka-Shing-subventionne-un-programme-de.html
- The Li Ka Shing Knowledge Institute St Michael's Hospital in Toronto http://www.stmichaelshospital.com/content/media/release.asp?newsid=142&fn=details&cat
- Asian Foundation for the Prevention of Blindness
The Ning Yang Service Plan (寧養服務計劃)
The Li Ka Shing Foundation has accumulatively donated RMB 110,000,000 ( approx. US$ 14 million) to Mainland China to extend a service program, which is provided to people who are suffering from cancer and in need of financial aids to obtain necessary medical care. The blueprintBlueprint
A blueprint is a type of paper-based reproduction usually of a technical drawing, documenting an architecture or an engineering design. More generally, the term "blueprint" has come to be used to refer to any detailed plan....
of the program was first brought about in March, 1998. In November of the same year, the first professional medical institution was set up in Shantou
Shantou
Shantou , historically known as Swatow or Suátao, is a prefecture-level city on the eastern coast of Guangdong province, People's Republic of China, with a total population of 5,391,028 as of 2010 and an administrative area of...
-- the“Ning Yang Yuan” (寧養院) by Li Ka Shing. The program provides free services and medications as well as psychological assistance to cancer
Cancer
Cancer , known medically as a malignant neoplasm, is a large group of different diseases, all involving unregulated cell growth. In cancer, cells divide and grow uncontrollably, forming malignant tumors, and invade nearby parts of the body. The cancer may also spread to more distant parts of the...
patients. This program receives financial support of RMB 1,200,000 (approx. US$ 152 000) from the Li Ka Shing Foundation every year. Today, there are 20 Ning Yang Yuans covering 130 counties in Mainland China and the total number of patients served has reached 40,000 with 427,000 visits to their homes.
The "Yangtse River New Miletone" Initiative (長江新里程計劃)
This program was carried out in Mainland China and has received donations of HK$100 million (approx. US$ 13 million) by the Li Ka Shing Foundation. It lasted from 2000 to 2005 covering 5 categories, which included the provision of artificial limbs, teacher training for deaf children, helping provide education to blind children in the central and western regions, general service for disabled in poor areas, and training for deaf massage therapists.Culture
A rich arts and cultural program is one of the indicators signifying an advanced civilization. As a traditional humanist, Mr. Li is passionate about Chinese heritage and about preserving the nation's cultural wealth. As such, he is an enthusiastic advocate and contributor to the promotion of sports, arts and cultural exchanges. However, cultural programs bear lower priorities in the LKSF’s initiatives (account for less than 10 percent of the Foundation’s overall donations to date). Major programs include:Art Performance
- The John F. Kennedy Center for the Performing Arts
- Guimet Museum Paris:Li Ka Shing Foundation supported some exhibits of this national Asian arts museum.
Dance Performance
- Dance Theatre of Harlem
- The National Ballet of China (News about The National Ballet of China and Li Ka Shing Foundation)
Music Performance
- Hong Kong Philharmonic Orchestra (partnership mode)
Cultural Relics
- Cultural Relics and Historical Monuments e.g. (The Lantau Island Guanyin Temple (Bodhisattva))
- China Cultural City Limited (中華文化城有限公司)
- Hong Kong Culture Association (Official Website)
- University of Hong Kong Li Chong Yuet-ming Buddhist Studies Research Fund
Community Welfare
In addition to healthcare, education, and cultural programs, the LKSF also devotes its efforts to community welfare. Over the years Mainland China has been experiencing numerous natural disasters such as floods and earthquakes. Through its initiatives in this category, the Foundation has made generous donations to help disaster relief efforts and to encourage others to make contributions. Some of the major contributions to community welfare are as follows:- JIT Fund
- Hong Kong Community Chest
- Hong Kong Chiu Chow Chamber of Commerce
- Christian Action
- Changing Young Lives Foundation
- Hong Kong Golf Club Cup of Kindness Charity Day
Medical facilities support in rural villages in Shaanxi
Through the China Health and Medical Development Foundation, the Li Ka Shing Foundation has donated RMB 8 million to support the betterment of medical service provisions in rural areas in China. As an example, the ShaanxiShaanxi
' is a province in the central part of Mainland China, and it includes portions of the Loess Plateau on the middle reaches of the Yellow River in addition to the Qinling Mountains across the southern part of this province...
local government will utilize the funding to build one hundred medical institutions in the region. These facilities will help improve the healthcare services in the area, benefiting a large number of population (most of which are farmers), and in turn contributing to the overall social and economic development in the region.
Chaozhou Flood Relief
In July 2006, the ChaozhouChaozhou
Chaozhou is a city in eastern Guangdong province of the People's Republic of China. It borders Shantou to the south, Jieyang to the southwest, Meizhou to the northwest, the province of Fujian to the east, and the South China Sea to the southeast...
area in China’s Guangdong
Guangdong
Guangdong is a province on the South China Sea coast of the People's Republic of China. The province was previously often written with the alternative English name Kwangtung Province...
Province suffered a strong typhoon, rendering 1.5 million residents homeless. $10 million was donated by the Li Ka Shing Foundation to help rebuild damaged homes and to aid relief efforts. The Foundation and the Hutchison Whampoa
Hutchison Whampoa
Hutchison Whampoa Limited or HWL of Hong Kong is a Fortune 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. HWL is an international corporation with a diverse array of holdings which includes the world's biggest port and telecommunication operations in 14...
Group, both under the leadership of Li Ka Shing, have also made separate contributions to assist flood
Flood
A flood is an overflow of an expanse of water that submerges land. The EU Floods directive defines a flood as a temporary covering by water of land not normally covered by water...
victims.
Just in Time Funding
The project is set up to deal with emergencies and natural disasters. By means of support, the project hopes to secure further engagement and support from private and public sectors.For the previous Just in Time Funding (JIT Fund), please visit here
Funding Principles
Interested parties can submit proposals to the Li Ka Shing Foundation. The Foundation will consider proposals that match its philanthropic initiatives and the purpose of its establishment. For further details, please refer to Li Ka Shing Foundation Official website.Background
A HK$1 billion from Li Ka Shing Foundation was given to The University of Hong KongThe University of Hong Kong
The University of Hong Kong is the oldest tertiary institution in Hong Kong. Its motto is "Sapientia et Virtus" in Latin, meaning "wisdom and virtue", and "" in Chinese...
which broke several records: the largest amount of educational donation in Asia, the largest amount of donation in Hong Kong, the largest amount of donation received by universities in Hong Kong and the largest amount of contribution subsidized by the Li Ka Shing Foundation. Controversial debates on re-naming of Faculty of Medicine, which started in May 2005, had lasted for more than one year. Students and alumni protested on the renaming of the Faculty. Vice-chancellor
Chancellor (education)
A chancellor or vice-chancellor is the chief executive of a university. Other titles are sometimes used, such as president or rector....
of The University of Hong Kong, Tsui Lap Chee, made several speeches to explain on this issue. The Legislative Council member Kwok Ka Kee wrote an opposing letter addressing to the public, which led to condemnation by the University of Hong Kong. Finally, the name of the building is changed to Li Ka Shing Faculty of Medicine
Li Ka Shing Faculty of Medicine
The Li Ka Shing Faculty of Medicine of the University of Hong Kong is the older of the two medical schools in Hong Kong , and is among the oldest in the Far East.-History:...
January 2006.
Process and Results
However, the HKU Medic Alumni Actions Against Alias has organized many open forums to discuss the Alias. Since Mr. Li Ka Shing was rumored to be involved in the PCCWPCCW
PCCW Limited is the holding company of HKT Group Holdings Limited, Hong Kong's premier telecommunications provider in the Information and Communications Technologies industry. PCCW also holds a majority interest in Pacific Century Premium Developments Limited...
share transaction, and his reputation would affect the reputation of the HKU Faculty of Medicine. Their ultimate goal is to restore the former name of the faculty, and can celebrate the 120th anniversary of the faculty by the former name.
Please find the details in HKU Medic Alumni Actions Against Alias(香港大學醫學院正名行動組) or Donation from Li Ka Shing Foundation, HKU webpage
In English
- Billionaire Li Ka-shing Gives To Earthquake Relief - Forbes.com 10/10/2005
- Li Ka-shing Can't Take It With Him - Forbes.com 25/08/2006
- Learning the Art of Giving - TIME Magazine 04/09/2006
- Autumn of the Tigers - Forbes.com 02/10/2006
In Chinese
- 華人最大慈善基金會運作幕後 - GE 環球企業家 03/2005(Simplified Chinese)
- 李嘉誠基金會愛酒庫區 數百殘肢走向新生活- 三峽都市報 07/11/2005(Simplified Chinese)
- 李嘉誠捐粵警2500萬元 - 東方日報 31/03/2006
- 李嘉誠將捐1/3身家做慈善 坦言頭腦筋清醒未想言休中新網 25/08/2006(Simplified Chinese)
- 李嘉誠24億資產捐給基金會 諸捐贈在籌備中 - 上海証劵報 01/09/2006(Simplified Chinese)
- 李嘉誠基金會不許家族成員取一毫 - 國際先驅導報 04/09/2006 (Simplified Chinese)
Press Release
- $40 million gift from Li Ka Shing Foundation boosts health science research - University of California, Berkely 23/06/2005
- Li Ka Shing Foundation kicks off new Chair Professorship initiative with CUHK HK$100 million research fund for CUHK - The Chinese University of Hong Kong 31/08/2005
- Li Ka-Shing is first recipient of Malcolm S. Forbes Lifetime Achievement Award - Forbes 26/06/2006
- The Li Ka-Shing Foundation establishes Cheung Kong GSB in 2002
Speech
- The Hong Kong Polytechnic University, A Speech from Li Ka Shing addressing at the Naming Ceremony of Li Ka Shing Tower
- My Third Son
- Better Health for a Better Hong Kong
- K.O. Mr. Almost Good Enough, A Speech from Li Ka Shing in the Shantou University Commencement Ceremony on June 29, 2006
Publications
- Sphere is the newsletter of the Li Ka Shing Foundation.
- Li Ka Shing firmly believes in "Knowledge Reshapes Destiny", and thus, the Li Ka Shing Foundation sponsors reading programs regularly. It also recommends quality books to the public. Please refer to this link for the recommended book list.
- A video for "Knowledge Changes Fate"