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Billionaire Ananda Krishnan in foundation to promote study of Mandarin and English PETALING JAYA: Billionaire T Ananda Krishnan and the Usaha Tegas Group have launched the Yu Cai Foundation (YCF), which will principally focus on giving grants to educational institutions which promote the study of Mandarin and English.
Seed funding of RM50mil has been provided for YCF, while Pan Malaysian Sweeps Sdn Bhd, which operates the Sweep sweepstakes, will donate its surpluses to the foundation. YCF, whose name means kate spade summer bags talent in Mandarin, has the vision of enabling deserving students to achieve their fullest potential in academic and vocational goals through education. Besides giving grants, it will provide scholarships for deserving Malaysians of all races who are pursuing studies in Mandarin based schools. The foundation is the shop online kate spade latest addition to the existing ones under Ananda and Usaha kate spade online sale Tegas, with the others being Yayasan DayaDiri (YDD) and the Malaysian Community and Education Foundation (MCEF).
YDD supports bumiputra causes in the areas of education and community development, while MCEF focuses principally on the educational needs and welfare of the Malaysian Indian community. At the launch ceremony yesterday, Chan presented cash prizes to the top three winners of the YCF logo competition, with first prize winner Ong Cai Bin from Dasein Academy of Art being awarded a kate spade final sale cash prize of RM10,000. Her logo, which was judged to best reflect YCF aims, originated from the Chinese character for and the Chinese proverb takes 10 years to grow a tree but 100 years to nurture a person.
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