As a public funded university, almost 60% of the recurrent income of the University is borne by the Hong Kong SAR Government while the balance is either covered by tuition fees, various kinds of grants or interest and investment income. HKU values the importance of producing leaders for society and producing quality research for the community we serve. In the academic year of 2004-05, nearly 80% of the total income was devoted to supporting teaching and research-related activities.
The University has always augmented its resources in parallel
to government funding. An important initiative in this respect
was the establishment of the HKU
Foundation for Educational Development and Research
in 1995. The Foundation has been using the investment income from its endowment to support various initiatives of the University through the annual Seed Grants Allocation exercise. These contributions, of benefit to the local and global communities, include medical research, environmental protection, student scholarships, development of information technology education, culture and the arts, as well as promoting scientific, humanity and legal studies and research. Since its inception, the total allocation has reached nearly HK$900 million. |