USD20 Million Donation from Jack Ma to Newcastle University
On February 4, Jack Ma, founder of Alibaba, donated AUD26 million (USD20m) to Newcastle University, and founded a Ma-Morley Scholarship Scheme. This is the largest donation Newcastle University has ever received, and it is the first overseas scholarship scheme founded by Jack Ma’s foundation. The donation is in commemoration of Mr. Morley, a Newcastle-native, who supported Ma from when he was a teenager until Morley’s death in 2004. Ma described Morley as a positive and influential figure in his life. The Ma-Morley Scholarship will support 90 students from disadvantaged backgrounds each year.