Saturday, May 24, 2008

$5 mil donation offered by the T.C. Ching Foundation!

Asked about the Ching Foundation donation offer, UH spokesman Gregg Takayama said:
"We have agreed not to talk about it until an appropriate time." (HA)

HA Note: "The Clarence T.C. Ching Foundation has offered what is believed to be the largest gift in University of Hawai'i athletic history, approximately $5 million to help underwrite a $10 million renovation and expansion of aging Cooke Field."

HA Note: "If approved, UH hopes to gather matching funds from a mix of public and private sources. The university has been assured a $1.5 million state appropriation, meaning approximately $3.5 million would still have to be raised, according to people familiar with the planning."

HA Note: "The remodeled facility, which could be finished in 2010 or 2011, would be renamed the "Clarence T.C. Ching Athletics Complex," and could be used for track and field, soccer, football and intramural activities."

HA Note: "The Clarence T.C. Ching Foundation, Hawai'i's third largest charitable foundation accepting grant applications, was established in 1967 as a private 501(c)(3) organization. Ching, a local developer and UH fan, died in 1985. He has given millions to Catholic schools and organizations. He also developed Kukui Gardens, which recently sold for $131 million."

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