A leading UK university announced yesterday that it will receive a record-breaking £20m donation from a Hong Kong businessman. The donation was made to the Faculty of Law at King's College London. It is thought to be the largest ever for a law faculty in Europe.
The £20m gift was made by Hong Kong-based philanthropist Dickson Poon. Mr Poon is the executive Chairman of the Dickson Group, and is well known globally for his philanthropic support of education and healthcare.
The King's College London School of Law has a history dating back over 175 years. It is recognised in the QS rankings as one of the top 25 law schools in the world.
The donation will form part of a larger, £40m investment, which the university hopes will establish the newly renamed, Dickson Poon School of Law, as a world leader in transnational law.
The chairman of the King's College London fundraising body, World questions, King's answers, is former Prime Minister, John Major.
Speaking after the announcement of the award, he said: "I am enormously grateful to Dickson Poon for honouring King's and the School of Law with this exceptional gift. The new Dickson Poon School of Law will attract the best and brightest legal scholars and students from around the world, and the academic faculty will pioneer a new standard for others to follow."
Mr Poon also spoke at the announcement of the award.
"My donation reflects a shared enthusiasm with the distinguished Law Faculty at King's College London to set new standards in legal education and research," he said.
"The faculty will be expanded, student scholarships increased, leadership forums created and a new degree introduced. These ground-breaking innovations underscore our unique focus on transnational law that will groom future leaders needed to guide an increasingly connected world."
The university has stated that the money will be used in a variety of ways to promote excellence at the law school. The university is undertaking a recruitment campaign for Distinguished Chair positions, and is also looking for rising stars to establish the school as a leading centre for legal research. Seventy-five students each year will benefit from new scholarships, of which 15 will be reserved for applicants from Mr Poon's native Hong Kong and China.
Read more on the story (Times Higher Education)