The eight aided universities have successively published their annual reports. The donations received by the eight universities in 2020/21 all dropped. The Education University, City University and Lingnan University received donations of less than 100 million yuan.
Fortunately, all eight universities recorded a surplus this year, and six of them had an overall increase in surplus compared with the previous year. Many universities explained that the decline in donations was due to the completion of the eighth round of the UGC Matching Grant Scheme, and the surplus was a beneficiary Global economy and strong investment returns.
The surplus of the University of Hong Kong increased by 1.4 times year-on-year to more than 3.4 billion yuan.
EdUHK explained that coping with online classes, strengthening security and cleaning, and gradually resuming the affected activities in the 2019/20 school year have increased expenses.
In addition, HKUST and HKBU disclosed in their annual reports that the drop in the number of students has led to a decrease in tuition income.
Annual donations of Lingnan University, City University and Educating University are less than 100 million yuan
The eight aided universities in Hong Kong produced the latest annual reports. Comparing the overall data of the universities, in the 2020/21 year ended June 30, 2021, the eight universities received both external donations and donations. Among them, the University of Science and Technology dropped the most in donations. The annual amount of 740 million yuan fell to 140 million yuan in 2020/21; and the lowest overall donations were Lingnan University (48.62 million yuan), City University (73.18 million yuan) and Education University (91.93 million yuan).
The overall donations of the eight aided universities in Hong Kong in 2020/21.
(Hong Kong 01 cartography)
CUHK receives more than 1.26 billion donations
Among the top eight, the Chinese University of Hong Kong has the best fundraising performance, with a donation of 1.26 billion yuan, a drop of only 20% year-on-year.
The CUHK Annual Report explained that the overall donation income decreased because the UGC’s eighth round of matching grant scheme had reached the upper limit of 600 million yuan earlier.
The overall surplus of CUHK reached 2.94 billion yuan, which was more than 2.05 billion yuan last year, ranking second among the eight major middle schools.
The annual report explained that the number of students enrolled in courses during the epidemic dropped, and the student dormitory had to maintain a low occupancy rate due to epidemic prevention, resulting in a decrease in total courses and student dormitory income this year.
However, due to the implementation of travel bans in many countries, the expenditure on the exchange program for CUHK students has decreased; coupled with the continuous recovery of the global economy, the improvement of investment sentiment and the certification of the efficacy of the new crown vaccine, the main investment market rebounded strongly.
HKU Benefited From Strong Investment Returns, Surplus Growth
As for the annual donation of the University of Hong Kong, it is the second largest in Hong Kong, with external donations of about 580 million yuan, which is only about half of the previous year.
However, the overall annual surplus of HKU was as high as 3.4 billion yuan, an increase of 1.4 times compared with the previous year.
The annual report of the University of Hong Kong explained that in 2020/21, due to the strong performance of global stock markets, the investment returns exceeded the previous years, and the surplus reflected the results of market recovery and internal cost savings.
The eight aided universities in Hong Kong have an overall surplus in 2020/21.
(Hong Kong 01 cartography)
HKUST's surplus rises 40% to 2 billion, the epidemic postpones activities and reduces expenses
As for the University of Science and Technology, this year's surplus rose by more than 40% year-on-year to 2 billion yuan, the third highest among the eight universities.
The school explained that many on-campus activities and recruitment activities have been postponed due to the impact of the epidemic, and annual operating costs have declined. In addition, countries have continued to adopt quantitative easing policies to stimulate the economy, resulting in high market valuations of assets and particularly impressive investment returns.
As for self-financing continuing education activities, the surplus dropped to only nearly 200 million yuan due to the decrease in the number of enrolled students and tuition income.
HKUST has accumulated reserves of more than 12 billion yuan, and the annual report describes the finances as very healthy. Regarding the drop in donations this year, the school said that it has received a new donation commitment of 420 million yuan.
HKBU: Activities gradually resumed, enhanced security increases costs
Baptist University's performance can be described as "no loss". Although donations fell by more than 60 million yuan to 250 million yuan, the surplus was still as high as 1.02 billion yuan.
The annual report disclosed that due to the relaxation of epidemic prevention measures, teaching and research activities have gradually returned to normal, and the university has also strengthened its information technology infrastructure to ensure data security, resulting in an increase in costs. During the same period, the number of self-funded part-time or short-term courses has dropped, and tuition income has dropped slightly by about 4.2 million yuan. , and the eighth round of matching grant scheme has received more than 300 million yuan, resulting in a decrease in government funding this year. Fortunately, due to the recovery of the global financial market, interest and net investment income surged by more than 820 million yuan.
The Education University of Hong Kong Group recorded a surplus of only HK$81.92 million, and donations fell by 180% year-on-year to HK$91.93 million. The Institute of Continuing Professional Education recorded a slight deficit of HK$60,000.
However, EdU University is financially stable, with accumulated reserves reaching a record high of 1.59 billion yuan.
EdUHK replied that it is necessary to allocate a lot of resources to upgrade information technology facilities and infrastructure to meet the needs of online classes, to strengthen security and cleaning services during the epidemic, and to gradually resume projects and activities affected by the epidemic. increase.
As for the decrease in donations, it is related to the uncertain global economic environment and the completion of the eighth round of the UGC Matching Grant Scheme.
Lingnan University received only 48.62 million yuan in donations in 2020/21, with a surplus of about 130 million yuan.
(file picture)
Lingnan's donation is the lowest among the eight universities, with only $48.62 million, which is only one-quarter of the previous year's, and this year's surplus is also less than half, only $130 million.
The school explained that the end of the UGC's eighth phase of the matching grant scheme and the first phase of the research matching grant scheme has slowed down the amount of donations received and the surplus has therefore decreased.
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