Princeton Receives $10 Million From Alumnus

Princeton University has announced a $10 million gift from alumnus and trustee William Fung in support of its globalization efforts.

The gift includes support for the creation of the Fung Global Fellows Program, which will enable Princeton to host six early career international faculty members from the social sciences and humanities for a year of research and writing on a common theme. Fellows will be selected annually and must have received a Ph.D. or equivalent within the past ten years. Set to begin in the fall of 2013, the program will be administered by the Princeton Institute for International and Regional Studies.

The gift from Fung also will support the launch of an annual academic conference held abroad, enabling members of the Princeton community to collaborate with international scholars on topics of multidisciplinary interest. Scheduled for later this year in Shanghai, the first conference, the topic of which is the Future of the City, is being organized by the Council for International Teaching and Research.

Chairman of Li & Fung, a privately held Hong Kong-based group engaged in trading, logistics, distribution and retailing, Fung earned a bachelor's degree in electrical engineering from Princeton in 1970. He joined Princeton's board of trustees in 2009 and over the years has been a generous supporter of the university's financial aid program.

"In this new age of globalization, Princeton should be even more involved in fostering scholarship everywhere it takes place," said Fung. "Through this gift, I hope to enable Princeton to become a stronger catalyst for developing new and exciting research and for creating international scholarly communities."

"$10 Million Gift to Enhance Princeton's Globalization Efforts." Princeton University Press Release 06/19/2012.