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Million Dollars in Scholarships Awarded

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Scholarship Recipients

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Years of HKSAFSF

HKSAFSF Incorporated

HKSAFSF was incorporated in October 1996 and the HKSAF Scholarship to assist Hong Kong students was established.

HKSAF Scholarship for Hong Kong Students

$80,000 in donations was raised for the scholarship fund and awards under the HKSAFSF Scholarship were presented for the first time.

Domestic Scholarship Established

The Domestic Scholarship was established to benefit high school students in California.

First Major Milestone ($1 Million Raised) Reached

The first major milestone in completing $1 million in endowment was reached.

DBS Reverend George She Scholarship Established

The DBS Reverend George She Scholarship (renamed as DBS George She & SJ Lowcock Scholarship)–set up by Diocesan Boys’ School alumni and managed by HKSAFSF–was launched.

$2 Million Endowment Reached

Another milestone was reached after raising $2 million in endowment.

Partnership Established with Universities

HKSAFSF became partners in education with University of Rochester and University of Southern California.

Full Scholarship Awarded

With the support of our partners in education, full scholarships were awarded for the first time under the HKSAF Scholarship.

$3 Million Endowment Reached

Donation raised for the scholarship endowment fund reached $3 million.

Domestic Scholarship Expanded

The Domestic Scholarship expanded to encourage our Domestic Scholars to explore, learn and experience a different culture and living in Hong Kong.

$4 Million Endowment Reached

Donation raised for the scholarship endowment fund reached $4 million.

Second Major Milestone ($5+ Million Raised) Reached

Endowment exceeded $5 million, enabling HKSAFSF to fund at least one full scholarship every year to a Hong Kong Scholar on its own.

About HKSASF

History

In early 1996, while representatives from various alumni associations of Hong Kong schools were planning activities for HKSAF, there was a sense among all that HKSAF could contribute something of significance to Hong Kong and Los Angeles. A scholarship for needy Hong Kong students was suggested and unanimously embraced. That set the stage for the formation of HKSAFSF.

At that time, HKSAFSF had no funds, no office and no program, except a vision to offer life-changing opportunities to talented young people through education, one scholar at a time. Solicit for support began immediately, raising funds dollar by dollar. $80,000 in donations were received in the first year from many contributors, enabling the award of the first scholarships in 1997. In 2003, HKSAFSF began offering scholarships to benefit high school students in California.

By the end of year 2005, HKSAFSF reached its first major milestone in completing $1 million in endowment. It was quite an audacious goal that a lot of people did not think possible when the founders set it in 1996. This goal is important because at a conservative 5% return on investment, $1 million will generate an income of $50,000, which will allow HKSAFSF to fund at least one Hong Kong scholar every year in perpetuity. HKSAFSF only uses the income generated from the endowment, which leaves the endowment intact to generate more income for the future. Therefore, donating to HKSAFSF is like investing as a shareholder in our endowment. Even a mere $1 will make a donor a stakeholder, and the $1 will generate an income for as long as we can imagine. The significance of reaching this $1 million milestone means that even without any further donations, our scholarship program can continue forever – a benefit most other charitable organizations cannot enjoy.

Year 2005 also marked the establishment of the DBS Reverend George She Scholarship (renamed as DBS George She & SJ Lowcock Scholarship) by the alumni of Diocesan Boys’ School. The scholarship is managed by HKSAFSF, allowing DBS alumni to leverage on the administrative resources of HKSAFSF and freeing DBS alumni to concentrate on fundraising. HKSAFSF encourages other alumni associations to form their own scholarships, and continue to leverage the administrative expertise of HKSAFSF and our tax exemption status.

HKSAFSF is privileged and honored to become partner in education with University of Rochester and University of Southern California since 2013. Their sustained commitment of annual sponsorships and matching funds afford full funding to financially challenged Hong Kong students with exceptional academic achievements and talents to receive a 4-year education at these prestigious institutions.

In 2015, our Domestic Scholarship was expanded to include the Hong Kong Study Scholarship and Hong Kong Internship Scholarship to encourage our Domestic Scholars to explore, learn and experience a different culture and living in Hong Kong.

To date, over 110 students have benefited under HKSAFSF’s scholarship programs to attend the best universities across the country, and over $1.5 million have been awarded. With the continuous support of our donors, including donations by our own scholars, our endowment has exceeded $5 million.

About HKSAFSF

Mission

To encourage and to support qualified top students from Hong Kong and California to attend universities in the USA, promote international educational exchanges, and foster academic excellence and community services in youth.

About HKSAFSF

Officers & Directors

The Board of Directors consists of prominent members of the community from different fields of expertise. All directors serve on a voluntary basis and meet once a month to plan and discuss matters pertaining to the organization. The Foundation is grateful for the service of many past directors who have helped to attain the success of the scholarship programs. These members continue to support and provide valuable advice.