$10 Million Gift for Chinese Student Scholarships at Yale

A $10 million gift to Yale University will go toward scholarships for low-income Chinese students. The gift is part of a $100 million endowment fund created by the co-founders of the Chinese real estate company, SOHO China, to fund scholarships for Chinese students who are admitted to elite universities. The co-founders, Zhang Xin and Pan Shiyi, recently gave $15 million to Harvard University.