Education grant scheme a successLocal | Sophie Hui 19 Sep 2019
Twelve local self-financing degree-awarding institutions have obtained about HK$1 billion in private donations and around HK$492 million in government matching grants, the Education Bureau announced yesterday.
The institutions - the Open University of Hong Kong, Technological and Higher Education Institute of Hong Kong under the Vocational Training Council, Caritas Institute of Higher Education, Centennial College, Chu Hai College of Higher Education, Gratia Christian College, Hang Seng University of Hong Kong, HKCT Institute of Higher Education, Shue Yan University, Hong Kong Nang Yan College of Higher Education, Tung Wah College and Yew Chung College of Early Childhood Education - participated in the seventh round of the matching grant scheme.
"The scheme has been successful in cultivating a stronger philanthropic culture in the community toward investment in education, diversifying funding sources and securing additional resources for enhancing the quality of self-financing post-secondary education.
"We are happy to see smaller and younger self-financing institutions gearing up their fund-raising capabilities to secure a reasonable share of the matching grants, while diversifying their funding sources to foster a philanthropic culture among their donors," said Secretary for Education Kevin Yeung Yun-hung.
"We believe this will benefit the long-term development of the higher education sector in Hong Kong and foster a more diverse education landscape."
The eighth round of the scheme, for 10 publicly funded post-secondary institutions has been receiving applications since July.