Jack Ma – The Alibaba of Philanthropy

09/02/2017 at 08:15 Leave a comment


I do believe in serendipity. I am about halfway through a biography of Jack Ma called Alibaba. As a philanthropic advisor and now living in the Asia Pacific – I have been curious about him and his work for some time.

The Jack Ma Foundation just made a $AUD26m gift to University of Newcastle. While in Australia he also opened Alibaba offices in Melbourne. 

Ken Morley and Jack Ma

His gift is the ultimate in philanthropic giving. Jack Ma’s story is so worth reading, too long for here but the article link shares a good bit of his story.  This gift establishes The Ma and Morley Scholarship program.  When it reaches full capacity will support 90 students annually who are from financially disadvantaged backgrounds and this who are tindigenous scholars. The scholarships are merit based and emphasize global and social awareness. Scholarships will range from one-off opportunities to living expenses of up to $AUD15,000 per year for the duration of a degree. All of this is significant in terms of scholarship assistance and providing enough scholarship support to truly impact a students university experience – including “comprenhensive engagement and enrichment opportunities”. The program will build global friendships and would not just be smart people, but as Jack said, “ambassadors for responsibility, courage and wisdom.” 

This gift is a classic story of fundraising cultivation, engagement, remembrance and giving. In his words,

“The scholarship will honour the special relationship I formed with the Morley family. I am very thankful for Australia and the time I spent there in my youth. The culture, the landscape and, most importantly, its people had a profound impact on my view of the world at that time.”

After meeting the Morley family in 1980 on their trip to Hangzhou and helping them on subsequent trips back – a

David Morley and Jack Ma

friendship formed and went beyond to mentorship. Ken Morley, who died in 2004, helped Jack learn English and provided support for his university education. He was Jack’s “Australian Dad”.

This gift places Jack Ma in the upper echelon of philanthropy in Australia. The scholarship is large enough to impact individual students and generous to support many students. The impact of the scholarship will be felt for many generations. And it was given  in the true spirit of philanthropy – to help others and remember a special time, place and people who had a tremendous impact on Jack’s life. 

Before he left Newcastle to open the Alibaba offices in Melbourne, he thought about how else he might remember his time with the Morleys, Newcastle and Australia. 

“Twenty-six million Australian dollars, it’s big. I think I should do more in the future.”

Spoken like a true philanthropist investor – looking toward the future.

Entry filed under: Fundraising, Stuff I Love. Tags: , , , , .

Expat Voters #Fundraising Best of the Best #AFPFC

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Trackback this post  |  Subscribe to the comments via RSS Feed


Enter your email address to follow this blog and receive notifications of new posts by email.

Categories

Barbara’s Twitter Feed


HBR.org

Philanthropy - Fundraising - Nonprofit Management

SSIR Articles

Philanthropy - Fundraising - Nonprofit Management

Nonprofit Gladiator

fiercely advocating to make the world a better place!

National Committee For Responsive Philanthropy

Philanthropy - Fundraising - Nonprofit Management

Lilly Family School of Philanthropy

Philanthropy - Fundraising - Nonprofit Management

The Chronicle of Philanthropy

Philanthropy - Fundraising - Nonprofit Management

The Fundraising Authority

Philanthropy - Fundraising - Nonprofit Management

Ahern Donor Communications

Donor communications, written and audited by THE leading expert.

Seth Godin's Blog on marketing, tribes and respect

Philanthropy - Fundraising - Nonprofit Management

Mark Manson

Author. Thinker. Life Enthusiast.

Veritus Group

Building Authentic Donor Relationships

Kivi's Nonprofit Communications Blog

Philanthropy - Fundraising - Nonprofit Management

Wild Woman Fundraising

Philanthropy - Fundraising - Nonprofit Management

Future Fundraising Now

Philanthropy - Fundraising - Nonprofit Management

The Agitator

Philanthropy - Fundraising - Nonprofit Management

Beyond Melbourne

Food Travel Markets Artists

Annual Fund Lab

Sparking Ideas; Generating Conversation

Gippsland Unwrapped

Zero waste, plastic free and no palm oil. My life 'unwrapped' in Gippsland.

%d bloggers like this: