$300 Million Scholarship for Study in China
April 22, 2013
$300 Million Scholarship for Study in China Signals a New Focus
Published: April 20, 2013
- HONG KONG — The private-equity tycoon Stephen A. Schwarzman, backed by an array of mostly Western blue-chip companies with interests in China, is creating a $300 million scholarship for study in China that he hopes will rival the Rhodes scholarship in prestige and influence.
Todd Heisler/The New York Times
The financier Stephen A. Schwarzman is creating a scholarship program at Tsinghua University in Beijing.
A rendering of the new college at Tsinghua University that will be named after Mr. Schwarzman.
The program, whose endowment represents one of the largest single gifts to education in the world and one of the largest philanthropic gifts ever in China, was announced by Mr. Schwarzman in Beijing on Sunday.
The Schwarzman Scholars program will pay all expenses for 200 students each year from around the world for a one-year master’s program atTsinghua University in Beijing.
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