Business Leader, Philanthropist to Further Foundation’s Mission to Promote Study Abroad

WASHINGTON, DC, June 18, 2013 – Stephen A. Schwarzman, Chairman, CEO and Co-founder of Blackstone, a leading global asset management firm, has joined the Advisory Council of the 100,000 Strong Foundation, Foundation President Carola McGiffert announced today.

A renowned business leader, philanthropist and entrepreneur, Schwarzman will lend unique perspective to help further the Foundation’s mission of strengthening the US-China strategic relationship through Mandarin study and study abroad.

Earlier this year, Schwarzman invested $100 million to create the the Schwarzman Scholars program and pledged to raise another $200 million in support from private donors. The program, which is the largest international charitable effort in China’s history, is modeled after the prestigious Rhodes Scholarship program and seeks to provide scholarships to 200 Master’s degree students from around the world each year at Tsinghua University in Beijing, beginning in 2016.

“The Schwarzman Scholars program is a truly amazing initiative – one that shares the 100,000 Strong Foundation’s goal of dramatically expanding opportunities for US students to study in China,” said McGiffert. “For decades, Steve has been applying creative and innovative solutions to complex challenges. He will be a tremendous asset to the Foundation and a great addition to our Advisory Council.”

Schwarzman joins a distinguished group of Advisory Council members including Coca Cola CEO Muhtar Kent, former Assistant Secretary of State Kurt Campbell, former Citigroup Vice Chairman Lewis Kaden, Caterpillar CEO Doug Oberhelman, New York University President John Sexton, Los Angeles Mayor Antonio Villaraigosa and Committee of 100 Co-Founder Henry Tang, among others. The Advisory Council provides strategic direction to support the Foundation’s mission.

Of joining the 100,000 Strong Advisory Council, Steve Schwarzman said: “The US-China relationship is our most consequential geopolitical relationship. We need to empower our young people and arm them with the knowledge and skills to navigate this relationship so that together we can confront our greatest challenges. I am proud to be a part of the 100,000 Strong Foundation and to support its mission to create a new generation of leaders.”

The 100,000 Strong Foundation, a partner of American University in Washington, DC, aims to strengthen the US-China strategic relationship through study abroad. The Foundation is engaged in a national public policy and educational campaign involving top business people, philanthropists, US-China experts, educators and students. The Foundation is an offshoot of the Obama Administration’s “100,000 Strong Initiative,” and is backed by the Chinese government, who is offering 20,000 scholarships for students to study in China in support of the effort.


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