Universities ponder over few donations

LU ZHIQIANG, a Fudan University alumnus and the founder of China Oceanwide Holdings Group, donated 700 million yuan ($100.8 million) to the university through the Oceanwide Foundation on Monday. He said the donation is to encourage innovation and entrepreneurship on campus, support overseas exchange programs, help students from poor backgrounds, introduce high-end talent into the faculty and develop the teaching facility. The Beijing News said universities should offer more support to students so they feel willing to give something back when they are successful in life:

Such a huge donation will not only improve the university's teaching and research, but also support the better development of students.

The donation is not the largest ever. Huang Nubo, a real estate businessman and Peking University alumnus, made two separate donations of 900 million yuan and 1.02 billion yuan to Peking University. But in general, donations to universities by alumni tend to be low.