by Jacqui Lazo
More than 115 alumni and
friends of the University of Virginia Darden School of Business have contributed to
the Darden China Scholarship Fund, which reached the $1 million
mark at the beginning of the year. This collective support enables
Darden to attract the most exceptional students from the Greater
China region at a time when competition for top international
talent among leading business schools is more intense than ever,
due to increased tuition costs, scarcity of international loans and
limited scholarship funds.
"The Darden China Scholarship, which
is a terrific example of strong support from our international
community, is now a key element of our recruitment of top students
from China," said Carter Hoerr, Darden's executive director for
advancement. "Fundraising for the scholarship began several years
ago at the grassroots level, and as the fund grew over time, it
attracted several leadership gifts that have helped us achieve our
The endowment will produce
sufficient annual earnings to award merit-based scholarships to
students from Singapore and Greater China, including China, Hong
Kong, Macau and Taiwan. The Darden School determines the number of
scholarships awarded each year — first preference is given to
students who have graduated from a university or technical school
in the Greater China geographic area or individuals who have lived
10 years or more in Greater China or Singapore. Second preference
is given to students from the broader Asia-Pacific geographic
The Darden China Scholarship Fund
was collaboratively established in October 2005 by the Chinese
students of the Class of 2005; Laurence Franklin, a visiting Darden
professor at the time; and his brother, Sterling Franklin. The
early stage of the initiative was well-received. The Franklins made
a leadership donation, and the Class of 2005 raised initial gifts
and pledges totaling more than $150,000.
Darden alumnus Shawn Liu (MBA `05),
founder and CIO of AZ Investment Management, played an instrumental
role in launching the Darden China Scholarship Fund as a student,
and he continues to lead the fundraising for this initiative in
China. His dedication and enthusiasm encouraged many of his fellow
Chinese alumni to rally around the cause and give generously to the
Liu is well-known to current Darden
Second Year Student and China Scholar Run Yang, who met with him
several times in Beijing, where Yang worked before enrolling in
Darden. "Earning the Darden China Scholarship was a great honor for
me," said Yang, who will join Citigroup after graduation. The other
Darden China scholar, First Year Student Mingbing "Larry" Han,
worked for a Beijing travel company prior to business school and is
interested in interning over the summer for a technology company
either on the West Coast or in China.
Exceptional students from Greater
China like Yang and Han are in high demand at business schools
across the globe, and financial aid opportunities such as the
Darden China Scholarship help entice these students to Darden.
About the Darden School of
The University of Virginia Darden School of Business is
one of the world's leading business schools, offering MBA, Ph.D.
and Executive Education programs. The unique Darden experience
combines the case study method, top-ranked faculty whose research
advances global managerial practice and business education, and a
tight-knit learning environment to develop responsible and complete
leaders who are ready to make an impact.
For questions or information,
contact Jacqui Lazo or a member of the Communication team.
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