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September 08, 2014

Hong Kong Family Gives $350-Million to Harvard Health School

A foundation associated with one of Hong Kong's richest families has donated $350-million to Harvard University's School of Public Health, The New York Times and Reuters report. The unrestricted gift from the Morningside Foundation will boost student financial aid and research and training in four broad areas: pandemics, environmental health risks, poverty and humanitarian crises, and failing health systems.

The foundation, which supports higher education in North America and Asia, was established in 1996 by brothers Ronnie and Gerald Chan, heads of Hong Kong property developer the Hang Lung Group and the Morningside Group, a private-equity and venture-capital firm. Gerald Chan earned a master's degree and a doctorate at the public-health school, which will be renamed for the brothers' late father, Hang Lung Group founder T.H. Chan.