What has Fuad Foundation done for Sabahans so far?
Published on: Saturday, January 21, 2017
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IT is interesting that Daily Express 14 January, 2017 carried an archive item titled “Fuad Foundation Set Up As late leader played Biggest Malaysia Role (as published in Kinabalu Sabah Times – Monday 23 August, 1976).
The Tun Fuad Foundation Enactment 1976 (Sabah No. 8 of 1976) was gazetted on 2nd September 1976.
The objects for which the Foundation is established shall be:
(a) To perpetuate the good name of the late Yang Amat Berhormat Tun Mohamed Fuad Stephens;
(b) To achieve the aspirations and to perpetuate the good work of the late Yang Amat Berhormat Tun Mohamed Fuad Stephens;
(c) To inculcate and promote mutual understanding among racial groups and mankind;
(d) To promote peace and understanding among nations;
(e) To improve the standard of education in all fields and to uplift the standard of living of the people;
(f) To provide or award studentships, scholarships, study grants, study loans or other awards to any Malaysian citizen who is a permanent resident in Sabah;
(g) To undertake such or any activities commercial or otherwise so as to enhance the Fund.
It was also reported that the Foundation was endowed with a cocoa estate of 2,500 acres, which was expected to yield an annual income of RM2m to RM3m when the crops mature.
The first protem Chairman appointed by the TYT then was Haji Mohamed Noor Mansoor.
What happened to its assets and how many young Sabahans it has really helped throughout its existence?
JYCK
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