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The Lee Foundation was established in March 1952 with a funding of $3.5 million from business magnate Lee Kong Chian. Lee had been donating to schools like Kuo Chuan Girls' School, Nan Chiau Girls' High School, Chinese High School, Methodist Girls' School, St Margaret's School, Singapore Chinese Girls' School, Anglo Chinese School (ACS), the University of Malaya and Nanyang University.
Tan Sri Dato' Lee Kong Chian PMN SPMJ SJMK (Chinese: 李光前; pinyin: Lǐ Guāngqián; Pe̍h-ōe-jī: Lí Kong-chiân; 18 October 1893 – 2 June 1967), also known by his alias Lee Geok Kun (Chinese: 李玉昆; pinyin: Lǐ Yùkūn; Pe̍h-ōe-jī: Lí Gio̍k-kun), was a prominent Chinese Singaporean businessman and philanthropist based in Malaya and Singapore between the 1930s and the 1960s.
Committing grants and contributions of over HK$12 billion to Shantou University and the Shantou University Medical College since its founding in 1981. Recent commitments include RMB 100 million annually to offer full-tuition academic scholarships for all undergraduate students starting with the incoming class of 2019—June 2019.
He poured his wealth into education and other philanthropic work, and eventually set up Lee Foundation for charitable purpose. Tan Lark Sye (陳六使; 1897–1972; ancestry: Jimei, Xiamen), prominent businessman and philanthropist, became one of the leading rubber industrialists of the region in the 1950s.
He was known for his philanthropy, and established the Lee Loy Seng Foundation to provide scholarships for Malaysian students to pursue tertiary education. He was also the benefactor of the Lucky Village Old Folks Home in Ipoh. [2] Lee was awarded the titles of Dato' (promoted to a Dato' Seri in 1989) in 1974 and Tan Sri in 1987. [2]
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In addition to his role in OCBC, Lee was also a director of several companies, including Lee Rubber Group Companies and Lee Foundation. [5] He served as a board member of the GIC, Singapore's sovereign wealth fund and the Council of Presidential Advisors, Singapore. Lee was conferred the Distinguished Service Order in 2001.