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The Eighth Meeting of the First Session of NYU Shanghai Education Development Foundation Board

On the afternoon of April 11, 2018, the eighth meeting of the first session of NYU Shanghai Education Development Foundation Board was held in Room 1429 at NYU Shanghai. The meeting was convened and presided over by the Executive Director of the Foundation Mr. Yilong Teng.

Secretary-General of the Foundation, Ms. Rime Sun, gave an account of the Foundation’s recent fundraising and work progress. Followed by the guidance of the Charity Law, the Foundation updated more information and content on its official social media platforms including its website and WeChat account. With a variety of information available to the public, the Foundation has further improved its transparency. The Foundation has made a huge progress on a higher ranking in the Foundation Transparency List (FTI) released by China Foundation Center. The Center has ranked the Foundation 4th among 362 foundations in Shanghai and 10th among 6464 foundations in China respectively. In addition, the Foundation has successfully completed and submitted its 2017 annual work report and annual audit report to Civil Affairs Bureau.

The Foundation also made a big step forward in steadily increasing both the total amount and the total number of gifts in the past few years. While the Foundation has not only increased the number of supported programs, but also its scale of support in scholarships and financial aid program.

NYU Shanghai Vice Chancellor Jeffrey Lehman, also a board member of the Foundation, shared the recent development of the university and its future plan. The construction of NYU Shanghai’s new campus is scheduled to start by the end of 2018. Meanwhile, NYU Shanghai is paying great efforts into faculty recruitment with a focus on hiring talents in the fields of business and data science. Lehman also talked about the operation ceremony of Yangjing High School which was held on the day before the board meeting. The reform and advancement of Yangjing High School is a joint-partnership between Pudong New District government and NYU Shanghai. Through the educational partnership, NYU Shanghai hopes to give back the continuous support and help from Shanghai municipal government and Pudong New Area government with world-class educational resources to the local education sector. Lehman said NYU Shanghai would support the Yangjing High School to become a symbol of secondary education in Shanghai which will bring great impacts on the local education system and society. Lehman then commented that the Foundation has grown to a more mature development program. He acknowledged the Foundation’s recent work progress and its efforts on expanding fundraising pipelines and cultivating prospect relationships.

At the meeting, all board members voted and approved four resolution items: Foundation’s FY2019 Budget, significant charitable spending, significant fundraising activities, and significant fund investment plan. All members present signed the resolutions. In addition, the board members discussed the Foundation’s recent successful fundraising case which is a valuable reference for future fundraising activities.