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American Financier Stephen A. Schwarzman Endows International Scholarship Program in China

Apr 21, 2013 - Business Wire
Board and Executive Moves

Blackstone founder Stephen A. Schwarzman today announced a $100 million (¥600 million) personal gift to build and endow an elite scholarship program in China inspired by the prestigious Rhodes Scholarship program created in 1902 by British statesman Cecil J. Rhodes. A simultaneous fundraising campaign with a goal of raising $200 million (¥1.2 billion) will make the program the largest charitable effort in China's history with funds coming largely from outside the country. The "Schwarzman Schol...