The new donation will support several areas in the business school. The study abroad program to China will be supported by $45,000 of the contribution, and $200,000 will provide up to $2,000 in travel scholarships for each of 20 undergraduate and graduate students studying abroad in China each year for five years. Another $200,000 will fund six- to 12-month executive-level internships and projects for UHV faculty, and $100,000 will support faculty research, publications and conference participation related to economic consumption theory, leadership or other related topics. A distinguished speaker series during the school’s fall and spring Bachelor of Business Administration conferences will be funded with $100,000, and $55,000 will be used for activities in the Bingxin Wu International Research Center for Consumption and Leadership Management Education.
“UHV’s talented students should have an opportunity to be involved in global commerce and interact with Chinese students and executives,” Wu said. “The purpose of this new gift is to promote cross-cultural exchanges and communication with other countries. Business students and faculty who come from various ethnicities can pursue opportunities to study abroad and contribute to the center.”
Wu cares about what’s happening at UHV and always is looking to see how the university can evolve, said Jifu Wang, associate dean of the School of Business Administration. With Wu’s contribution, the faculty will be able to do external research and projects in the workforce related to what they teach at UHV, he said. The faculty will be able to enhance its knowledge and bring it back to the classroom.
“While this gift helps UHV students and faculty, they also can apply what they know to the workforce and contribute to the business world,” Wang said.
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Wu is the president and board chairman of Sanzhu Group, Beijing Genetic Engineering Research Institute and the Beijing Nuozhou Institute of Biology. Sanzhu Group is involved in the health care, medicine, medical devices, hospital and ecological cosmetics industries. He also is the UHV School of Business Administration Executive in Residence and has presented lectures during the school’s study abroad trips to China. In 2016, Wu was awarded an honorary Doctor of Humane Letters from UHV. It was the first Doctor of Humane Letters to be awarded at any UH System campus other than UH. Wu also was given a key to the city by Victoria Mayor Paul Polasek.
The funds will greatly enhance the reputation of UHV’s School of Business Administration, said Charles Stowe, interim dean of the school. The university will initially receive $45,000 of the donation, and $65,000 will be awarded each year from 2019 to 2028.
“There’s so much we want to do to improve what we’re already doing, such as making business connections and promoting growth through the various areas the gift will fund,” Wang said. “External funding like Chairman Wu’s donation helps make that possible.”