A five-year, five million dollar fund-raising campaign for the Tunghai University Endowment Fund was initiated and announced during the recent Fiftieth Year Anniversary celebrations of the founding of Tunghai University in Taichung, Taiwan. We are very pleased to announce that a most generous pledge of one million dollars toward the new $5,000,000 goal has already been made by one of Tunghai’s alumni in North America.
The Tunghai University Endowment Fund provides reliable annual support for academic and scholarly activities of the University, including joint programs with other universities within and beyond Taiwan. This permanent Fund was originally established in 1998, thanks to the leadership of some Tunghai alumni from Southern California. The new $5,000,000 campaign promises to significantly enhance this Fund, whose value, as of June 30, 2005, was $109,392.
The endowment is held by the United Board for Christian Higher Education in Asia and is managed by its team of financial professionals, who have consistently shown outstanding returns on the United Board’s endowments. Every autumn, the United Board sends an annual grant to Tunghai University from the endowment. The amount of the annual grant is based on the United Board’s endowment spending policy, which is currently 5% of the 12-quarter average market value of the Fund. Any excess income from investment of the assets is returned to the Fund.
Tunghai University just celebrated its 50th birthday. During its first half-century, the University has educated and contributed many talented and skilled graduates in various areas of science, art, engineering, architecture, music, business, and humanities in Taiwan and throughout the world. To sustain future educational and scholarly activities and contributions, the financial stability of the University is essential. An endowment fund of five million dollars is very small when compared with that of major universities in the US. However, achieving this goal is a first step toward more financial contributions and support from Tunghai’s alumni and friends for the next fifty years. Your contribution will have a positive impact on Tunghai for generations to come; please, make your generous donation now.
All donations to the United Board for the Tunghai University Endowment Fund are tax deductible in the US to the full extent allowed by law, and all contributions are important and greatly appreciated. The United Board will continue to provide logistical support for the new campaign, including issuing tax receipts and sending annual pledge letters.
Please be sure to make your check payable to the United Board and indicate on the memo line of the check that it is for the Tunghai University Endowment Fund. You may also contribute by credit card through the United Board’s secure website ( www.unitedboard.org ). Send your contribution to:
United Board for Christian Higher Education in Asia
475 Riverside Drive, Suite 1221
New York, New York 10115
Please direct any questions about how to contribute to Nan Hawkins, Director of Alumni Giving at the United Board ( nhawkins@unitedboard.org or 212-870-2612 ).
