Hong Kong billionaire donates $20m to a US University

This morning the Wall Street Journal reported that Hong Kong billionaire Ronnie Chan was to donate $20 million to the University of Southern California’s occupational science and therapy program.

If you’re feeling a some deja vu reading that headline, it might be because it comes less than two weeks after Chan’s brother Gerald Chan made the news by making a $350 million gift to Harvard University.

Ronnie Chan said in a statement, “”I am grateful for the opportunities that USC afforded me and my sons, and our gift to the division is one of several ways we intend to continue supporting USC in the future.”

It’s clear both brothers are dedicated to the schools whom they credit with helping them get where they are. As we hear more of international donations such as these, it’s becoming more and more apparent that universities need to ensure that they make a strong effort to maintain relationships with alumni in foreign countries to make certain that they don’t lose track of a fertile pool of prospects.

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