On November 29th, at the closing ceremony of the Global Education Summit (GES) 2017, the founders of New Oriental and TAL Education Group came together to stage a much anticipated finale. Yu Minhong (founder of New Oriental) and Tom Zhang (founder of TAL Education Group), promoted a wonderful "new path" in support of the conference.
Together, they announced a joint venture of 100 million RMB to set up the Yuanshan Public Welfare Foundation. The two companies will explore new methods to promote the balanced development of public education, using science and technology throughout China.
The plan is that both parties will each contribute 50 million RMB, integrate their respective advantages in various disciplines, and make a concerted effort to bring high-quality educational resources to China's rural and remote locations. Modern scientific and technological tools will be offered to provide greater opportunities to children in these areas. The goal is that the foundation will act as an open platform for philanthropy going forward and all others are welcome to contribute towards equity in education.
It began with the donation to fund the building of Hope Primary School in 2008, and was followed by the establishment of TAL Public Welfare Foundation in 2013. TAL also brought its “One Class” project to eight rural primary schools in Sichuan and Gansu. The project utilizes live broadcasting technology and TAL’s "dual-teacher” method. For regions with limited resources, Hope Online Public Education Platform was launched in 2017 to provide quality online courses and teaching products via a live learning platform. TAL is constantly engaging in the pursuit and practice of philanthropy projects.