November 24, 2023 -- IOI Foundation (formerly known as Yayasan Tan Sri Lee Shin Cheng) has awarded RM375,000 in scholarships to 10 outstanding students from diverse backgrounds during a scholarship presentation ceremony held at IOI Headquarters in IOI Resort City on 20 November 2023.
Datin Joanne Wong (fourth from left) and Dato’ Lee Yeow Chor (fifth from right) presented the mock cheque to the scholarship recipients. (File pic by IOI Corporation).
At the occasion, IOI Corporation Berhad's (IOI) Group Managing Director and Chief Executive Dato’ Lee Yeow Chor, who is also the Trustee of IOI Foundation, and the Executive Director of IOI Foundation Datin Joanne Wong took their busy time off to meet and greet the future leaders of IOI.
At a glance
- Company
- IOI Foundation
- Announcement
- Award
- Location
- IOI Resort City
Key figures
- Scholarships awarded
- RM375,000
- Scholarships disbursed since introduction
- more than RM11.5 million
- Students awarded scholarships
- 10
- Students reached since introduction
- more than 347
People
- Dato’ Lee Yeow ChorIOI Corporation Berhad Group Managing Director and Chief Executive; IOI Foundation Trustee
- Datin Joanne WongExecutive Director of IOI Foundation
- Mr Chai Tian SiangInternal speaker
- Ms Wendy NgInternal speaker
Products and programs
Datin Joanne kicked off the ceremony with a welcome remark, followed by inspiring sharing from two internal speakers Mr Chai Tian Siang and Ms Wendy Ng respectively. The ceremony concluded with an engagement session and photography with Dato’ Lee, followed by a delightful refreshment session.
To date, the Foundation has disbursed more than RM11.5 million worth of scholarships to more than 347 students since its introduction. The Foundation fulfils the Group’s corporate social responsibility via education, community welfare, medical assistance and the promotion of Science, Technology, Engineering & Mathematics (STEM) subjects that help enrich the lives of the less fortunate.
Some of the Foundation’s initiatives are the Young Achievers’ Awards, Student Adoption Programme, STEM programme and collaborations with non-profit organisations such as HUMANA (Borneo Child Aid Society) in supporting the education of estate workers’ children and native children, respectively, in East Malaysia.
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Questions around this news
How much has the Foundation disbursed in scholarships since the programme began?
The release says the Foundation had disbursed more than RM11.5 million in scholarships to more than 347 students since the scholarships were introduced. It also describes the November 2023 awards as part of the Foundation’s broader work supporting education and community welfare.
What kinds of work does the Foundation support?
The Foundation’s stated areas of work include education, community welfare, medical assistance and the promotion of STEM subjects. Its initiatives include the Young Achievers’ Awards, Student Adoption Programme and STEM programme, as well as collaborations supporting education for estate workers’ children and native children in East Malaysia.
What does a scholarship generally cover?
A scholarship is financial support awarded to a student to help with education costs. Its scope can vary: it may cover tuition, books, living expenses or other study-related costs, and may be awarded based on factors such as academic achievement, financial need or a particular field of study.
