Hong Kong Billionaire Talks Philanthropy And Creating An Award Like The Nobel Prize

credit: pasadenanow

Hong Kong Billionaire and the 88th richest person on earth, Lui Che Woo, recently sat for an interview with Forbes at his office in North Point to discuss his philanthropy and business success.

Lui donated $1.2 billion of his wealth to endow his foundation and the LUI Che Woo Prize for World Civilization. The honor is granted to three winners each year and includes a cash award of HK$20 million ($2.56 million).

According to Lui Che Woo, the LUI Che Woo Prize focuses on three areas: Appreciation and recognition towards sustainability of world resources, determination in betterment of people and the society, and demonstration of positivity.

Lui created the award prize to care for mankind and sustainability of resources, so that people can all enjoy the world in a harmonious way.

Lui adds that the prize has a selection process structured for three rounds of evaluation, and the council members include Her Royal Highness Princess Maha Chakri Sirindhorn of Thailand and former World Bank President Sir James D. Wolfensohn.

Lui also shares his secret to business success, the most important thing to him, and his recommended books to read. Read the Entire Article

A customized collection of grant news from foundations and the federal government from around the Web.

How's Your Community Doing?
Check Out it's
Community Vital Signs

The Growth of Social Enterprises €” For-Profit Businesses That Tackle a Social Problem

"Having a purposeful job actually does transform someone's life," says Edwin Walsh, who runs a social enterprise in Australia called Assembled Threads. "You actually are moving someone from...more

Westlock Community Foundation Helping Students Pursue Educational Opportunities

A new scholarship fund in Canada will help high school students who want to further their education, the CBC reports. The Westlock Community Foundation in Alberta received a $26,800 donation from...more

Youth-Led Startups Showcase Sustainable Development Solutions at the Youth Social ...
Foundation: Citi Foundation

"To the youth, I urge you to be proactive, resilient, and persistent on your entrepreneurial journey," says the UN's resident representative in the Philippines. "Make your voices heard, take up...more

Canada and India Announce Funding for Innovations to Improve Child Health

Canada is putting its money where its mouth is, with a $2.5 million investment in five projects in India meant to help the country's poor, the Toronto Star reports. "Many of these novel projects...more

Grant Funding to Bolster Operations at 17 Southern Indiana Nonprofits
Foundation: Community Foundation of Southern Indiana

"When you see the kids interacting and them building communitythat's what it is," says Camp Quality Kentuckiana executive director Eddie Bobbitt. "It's bigger than fishing and pie fights." The...more

Nshsf Grant Applications Due April 30

The Nebraska State Historical Society Foundation is now accepting applications for its statewide grants program, which will award up to $75,000 to historical and educational organizations in the...more

Raffle, Auction, Tourney to Benefit Schools

The Whitfield Education Foundation is holding its annual golf tournament Monday in Dalton, Ga., and it's using the event to raise money for teacher grants. The foundation's executive director,...more

Philanthropic Youth Present Grants
Foundation: Community Giving Foundation

"There's one simple statement that we see a lotthat is 'be kind,'" said Kara Seesholtz, CEO of the Community Giving Foundation, after students from 15 school districts in central Pennsylvania handed...more

Maui Adult Day Care Centers: Caring and Trusted Resources for Maui'S Family Caregivers and Kupuna
Foundation: Hawaii Community Foundation

If you're in your 60s or older and looking for adult day care in Maui, you're in luck. The nonprofit Maui Adult Day Care Centers lost its West Maui Center in the Lahaina fire last August, but...more

New Ymca Staffers Get Down to Business

If you're looking for a place to get buff and healthy, the YMCA in Corry, Pa., might be just the place for you. That's because two new employees there have joined the staff, the Times of...more