The Simon K Y Lee Foundation (“the Foundation”) is a Hong Kong based philanthropic foundation established in 1985 by the late Dr Simon K Y Lee, a successful businessman and philanthropist. It has two daughter funds, the Simon K Y Lee Elderly Fund and the Simon K Y Lee Children’s Fund.
Our Values and Guiding Principles
- To empower people (through education, skills, knowledge) to follow their own dream;
- To provide access to equal opportunities so that everyone regardless of their socio-economic background can reach their full potential; and,
- To act with compassion and understanding for the hardships that disadvantaged people face
We envision a compassionate world where all individuals have equal opportunity and are empowered to live life to the fullest.
Our main aims are to improve the well-being and life satisfaction for the elderly and to promote equal access to quality education for less privileged young people with a view to addressing intergenerational poverty in Hong Kong
We are a caring funder, an innovator, and an advocate. Both the Elderly Fund and the Children’s Fund target areas which are neglected by the Government or other public funding bodies. By initiating and supporting innovative projects and then scaling up those with proven effectiveness, we aim to bring positive and concrete changes to the service recipients, the welfare sector, government policies and the society.
The Foundation is governed by a Board of Directors which comprises the family members of Dr. Simon K Y Lee. We believe in active collaboration among stakeholders. The Elderly Fund and the Children’s Fund are each overseen by an Advisory Committee, which comprises professionals in relevant but different fields to assist the Board in strategic planning and decision-making. We also work closely with our grantees and partners to enhance project effectiveness, mutual understanding and organizational capacity.
Our seed money comes from two endowments from Dr Simon K Y Lee at the establishment of the Foundation in 1985 and of the Elderly Fund in 2007. Besides, the Sun Hing Group of Companies (“Sun Hing”), the family business of Dr Lee’s father, donates part of its profit to the Foundation annually.Sun Hing was given the first Coutts Prize for Family Business Hong Kong 2013 for the Family Philanthropy category for its contribution to the Foundation and the latter’s funding strategy.