Scholarship

The Board of Directors subsequently voted to use the surplus funds from the dinner dance to scholarships since the HKSAA is a school based non-member organization. Two scholarship endowment funds ($10,000 each) were established at University of California, Berkeley and San Francisco State University. Interest from the endowment funds is used to fund the scholarships. As of 2002, the Board voted to join forces with the Hong Kong Schools Alumni Federation (HKSAF), our sister organization in Los Angeles, which formulated itself by patterning after the HKSAA. Funds which are generated by HKSAA and HKSAF are pooled together to provide scholarships to top needy students from Hong Kong. A panel of educators in Hong Kong conducts the selection of the candidates.

During the earlier years, HKSAA donated to non-profit organizations like Self Help for the Elderly, Chinese for Affirmative Action and the Chinese American International School. Later on the Board of Directors felt that since HKSAA is a school-based organization, surplus funds should first be dedicated to scholarships.