entrepreneur Dr. Y.C. Tang (湯永謙, a Zhejiang University alumnus and Zhejiang native (hometown Ningbo).[2]
The first endowment of the fund was US $2 million from Mr. and Mrs Tang in May 2004.
General Secretary of Zhejiang University - Zhang Junsheng, received the endowment, on behalf of the university. Before this donation, Tang couple already donated 40 million Chinese Yuan to the university.[citation needed
]
The fund is coupled with the Y.C. Tang Educational Fund, which is based in
US dollars to support the educational activities at Zhejiang University.[citation needed
]
In 1997, the Centennial Anniversary of ZJU, Mr. Tang also donated 2.4 million USD to build a student center at Yuquan Campus. He further donated 5 million USD to Zhejiang University, to support its constructions and education.[4]
Qiushi Academy (1897-1901) → Qiushi University (1901-1902) → Chekiang University (1902-1903) → Chekiang Higher Institutes (1903-1914) → (closure) → National Third Chungsan University (1927-1928) → National Chekiang University (1928-1950)→ Chekiang University (1950-1990) → Zhejiang University