Frequent funding for education

412

The Macao Foundation granted MOP1.53 billion in funding for the whole year of 2016, of which almost one-third, or around MOP524.6 million, was awarded to the Macau University of Science and Technology (MUST) Foundation, according to an Official Gazette release.
More than half of the MOP727.5 million handed out by the Macao Foundation during the last three months of 2016 was granted to the MUST Foundation.
During that period, MUST received almost MOP450 million, of which 65.6 per cent or MOP293.4 million went on the construction of one of the institution’s building complexes, making it the single largest disbursement by the Macao Foundation.
Education institutions received the largest amounts of funding from the Macao Foundation in the last three months of 2016, led by the City University of Macau Foundation with MOP45 million in financing for university education expenses, followed by the Catholic Foundation for Higher Education with MOP19 million for financial support for the University of Saint Joseph.