By-Law of Deyao Wang and Wenzheng Wang Life Science Scholarship Fund Committee of Xiamen University America Alumni Association
Article I. Description and Name
The name of the organization shall be DEYAO WANG and Wenzheng Wang LIFE SCIENCE SCHOLARSHIP FUND COMMITTEE OF XIAMEN UNIVERSITY AMERICA ALUMNI ASSOCIATION and will be referred herein as the Fund Committee. This Fund Committee may evolve into a full-fledged foundation when the growth of the income reaches a certain level required by law to be registered independently.
Article II. Purposes
The purposes of the Fund Committee are:
To encourage young students entering Life Science College of Xiamen University for undergraduate studies.
To promote life science graduate research in molecular and cell biology, biotechnology or medical biology at the Life Science College of Xiamen University.
To exist as a non-profit organization, operated solely and exclusively for charitable, educational and scientific research purposes.
Article III Membership
The Fund Committee will have three categories of members. They are:
Members — Friends of the Fund Committee who support the activities of the Committee by contributing fund and services.
Trustees — Those who contributed significantly to the purpose of the Fund Committee in fund raising and for providing services to projects of the Fund Committee. The members of the Fund Committee shall elect the qualified trustees.
Honorary Trustees — Those who made special contribution to the fulfillment of the purposes of the Fund Committee and with the unanimous recommendation of the Executive Committee of the Board of Trustees.
The record of the membership of the Fund Committee is based on the written files maintained by the officers of the committee.
Articles IV. Fund Raising
The fund raising shall observe the following steps:
Announcements to alumni and friends of Xiamen University and Dr. Deyao Wang, through newsletters and internet web pages of Xiamen University Alumni Associations at various locations.
Solicitation by letters and phone calls from volunteers. No fund raising professionals shall be used.
No fund raising cost is allowed other than printing, postage and phone bills.
Article V. Sources of Income
Donations by alumni (domestic and overseas) of Xiamen University.
Friends and family members of Dr. Deyao Wang.
Contributions from (domestic and overseas) business, educational and social organizations.
Contributions from non-profit foundations.
Interests of the fund deposited in banks.
Investment returns of any portion of the fund.
Article VI. Finance
The investment decision shall be made, not by any single individual, but by members of the Finance Sub-committee of the Executive Committee. All the income shall be deposited in the accounts of the Fund Committee. The Finance Sub-Committee shall manage investments. The financial statements including donations shall be announced to all members and trustees at least once a year.
Article VII. Organization of the Fund Committee
The Board of Trustees, will be referred herein as the Board, legally represents the Fund committee, and it has a Chairperson, a Vice Chairperson, and a Secretary as officers. Five to nine trustees are elected by members of the Fund Committee. The trustees with the recommendation of the Executive Committee elect these officers, with a simple majority of trustees that cast the vote.
The Executive Committee organized within the Board operates the Fund Committee. The Executive Committee consists of five to nine members. They are Chairperson, Vice-chairperson, Secretary, Treasurer, Finance sub-committee and members in charge of a number of task forces when needed
The term of the Officers of the Board including the members of the Executive Committee is three years. If re-elected, they may serve another term. No officers or members of the Executive Committee shall receive any compensation for their services.
Article VIII. Functions of the Fund Committe
Our ultimate goal is to complement the education and research programs of Xiamen University, where Dr. Deyao Wang was once the president, to become a world-class university. This Committee intends to help contribute to the fields of Life Science, especially molecular and cell biology. The following functions, primary and secondary, are the intents of this Fund committee. Whether the secondary function can be achieved during any fiscal year depends upon the income of this Committee. In accordance with our intents, the scholarship shall be named as Deyao Wang Life Science Scholarship, and the award shall be named as Deyao Wang Life Science Award.
In the beginning of each academic year, the Executive Committee will decide the number of scholarships to be awarded based on the income. All scholarships and awards will be made by the Executive Committee of the Fund Committee upon the recommendations of the Life Science College and members of the Fund Committee teaching at the College. If there is no student qualified for the scholarship for a particular year, the Executive Committee may decide to defer the distribution until the next academic year instead of to allocate the fund for the award as listed in the secondary function.
Primary function: Our primary intent is to award scholarships to selected good students (both academic and character wise), who are otherwise unable to enter the Life Science College of Xiamen University due to economic circumstances. Furthermore, such students are unable to obtain sufficient government scholarships established specifically for financially disadvantaged students.
Secondary function: Our secondary intent is to award annually an excellent graduate student (s) or faculty member (s) working in molecular and cell biology selected by the Life Science College, if there is enough fund available after the dispensation of scholarships as listed in item one.
Article IX. Meetings/Communications
Board meetings/communications shall be called/made by the Chairperson of the Executive Committee from time to time when it is necessary, but not less than semi-annually. The financial statements including donations shall be announced at these meetings/communications. Ideas of members shall be presented at any time to the Secretary for comments, and made known to all members for comments before or during the meetings/communications.
Article X. Amendments
The Executive Committee or five or more members of the Fund Committee may propose amendments to the by-law. Within thirty days of receiving the proposal, the Board Secretary shall conduct a ballot among the currently recorded members. The proposal shall be adopted if three quarters of the duly returned ballots are in favor of the proposal.
Article XI. Dissolution
The proposal of dissolution of the Fund Committee shall be by written petition to the Board Secretary from at least one third of the members of the Fund Committee currently recorded. The Secretary shall distribute the proposal to all members within thirty days of receiving the proposal, with comments and invitation for comments to be submitted to the Secretary within thirty days after the distribution. The proposal and comments will be voted by ballot. The results of the dissolution will be carried out according to the by-law if approved by three-quarters of majority of the ballots received before the closing date.
(Date of the approved version: January 26, 2003)