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Elderly couple in their 90s donate their life savings to students in need

By yckim124   17 days ago   14,566   201   22
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An elderly couple donated their life savings to students in need. 


On April 12, Jeju National University revealed that Moon Dae Ohn (92) and Cho Jang Soon (90) donated 500 million KRW ($440,720 USD) to the institute.

According to media outlet Insight, the elderly couple decided to donate their life savings in the thought of the past hardships they faced as students studying in poor financial situations. When making the donation, they also reportedly emphasized their wish to help the students continuing their studies in poor financial conditions.


SEE ALSO: Civilians rush to rescue a driver after car suddenly flips over


Heo Hyang Jin, the president of Jeju National University, expressed gratitude and commented, "My heart is touched even more as they donated for a scholarship with the money they saved working hard their entire lives. With their precious intentions in mind, we will effective use the donation to help the growth of students studying in poor financial situations."

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    shyloone 17 days ago

    bless their sweet souls

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    YoUrAvErAgEVIP 17 days ago

    My heart.

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    Fariiaa 17 days ago

    That is really nice of them!

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    jeyjin 17 days ago

    That's very generous of them but i hope they saved some for themselves so they can still live comfortably.

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    smokeee 17 days ago

    i wish people would give money directly to people in need instead of some middle man or charity/university.  they are not to be trusted to use all of it in the right way if u follow news at how often donations are used for other means than what was originally intended.

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    BigBangVIP_NYC smokeee 17 days ago

    I can't believe I'm agreeing with smokeee...haha...I recently had my university contacted me for charity as well. I told them that if I were to give I will go on campus and see who's in need and pay for that person tuition etc.. in person. I wouldn't give my university a dime. As an international student I was treated like a beggar by the dean of international students. My hard earned money will go to another struggling international student directly instead of the university.

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    smokeee BigBangVIP_NYC 17 days ago

    well since most people here are unread, many charities reinvest 90% of the money donated back into telemarketing companies to get more money. many of the people who run them are coincidentally very rich btw. google it, there are many news articles about big charity companies that do that. of course most of the world are low IQ and dont follow much. and many universities today are about making money more than helping needy students. education is a booming for profit business these days

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    Amber_B smokeee 17 days ago

    Whether that is the case or not it is still such a self giving humanitarian act by the elderly couple. Why not mention that instead of just seeing negative things ?

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    BigBangVIP_NYC Amber_B 17 days ago

    It is, and should be commended.

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    smokeee Amber_B 17 days ago

    PS its as simple as a google of 'charities' + 'telemarketers' + 'scams'. you'll see countless articles. but of course most people wont bother to do that and would prefer to keep feeding scammers. i swear most people seem to hate reading or becoming more informed in this world.

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    smokeee Amber_B 17 days ago

    Grrr i dont know why some of my posts keep disappearing here. anyways what is the point of giving away your life savings when u are giving it away to a scammer? its not helping anyone but some awful person/people. i'd think that takes precedence over altruistic behavior that is foolish. old people coincidentally are the biggest targets for scams these days btw.

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    ed_levy smokeee 17 days ago

    yes because POOR PEOPLE ARE SO RESPONSIBLE WITH THEIR MONEY. that's why they are poor... excellent impulse control and perfect financial planning abilities. lol what's next? I wish we would stop giving welfare to drug addicts, we should inject heroin directly into their bloodstreams

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    ed_levy smokeee 17 days ago

    well the issue isn't "scams" it's that charities are inefficient... people think of "charities" as this idealized altruistic things but it's a business to the people running it. "non profit" has to do with tax reporting, not to do with how the corporation is run. often only 50% of the donations make it to the recipients with overhead and salaries taking the rest. there's no uniform enforcement of any standards. as for giving to universities, you have to realize that they will likely just take your money, give it to a bunch of black or latino students who assume an entitlement for handouts and scholarships and will never even know your name or care where the money came from.. giving to an INSTITUTION however is better than giving money straight to a poor person. it's basically like throwing it away. to be CLEAR there is NO amount that you can give to many people that will longterm help people's lives. poor people are simply NOT PREPARED for money. there are lottery winners who win $100 million and are bankrupt in 5 years. for example in NY the average poor person receives around $40,000 in handouts and benefits per year. over 50 years they will receive TWO MILLION from the government. ... at the end of that period THEY WILL STILL BE POOR. the best case is for these people to have children, pass it along to their children who will honor their legacy and their memory. it's sad that people give away money to strangers for a day's worth of notoriety. society is failing.

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    smokeee ed_levy 17 days ago

    i agree with most of what you said but i disagree that giving directly is wasted IF you vet them well enough. like maybe having people in need of financial assistance to attend college send you letters why they need it, their school records, etc. and then ONLY paying the school directly, not the individual. I completely agree that the universities will give it to minority students, if not campus improvements. i also completely agree that it is human nature of many people to spend what they have frivolously, especially the poor who will stay poor for that reason. i've read a lot of the charities actually take/reinvest 80%~ of donations and less than that are given to the people the money is intended for. altho some are more legit than others~

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    BigBangVIP_NYC ed_levy 17 days ago

    You do know that there are poor white people right? And poor Asian people right? You do know there are more white people on benefit programs than blacks and latinos right? You do know that Asians and Jews are not far behind in receiving government help as well too? I'm assuming your comment is about America so I'm talking about America.

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    BigBangVIP_NYC ed_levy 17 days ago

    Let me share the most recent statistics with you... 40.2% of WHITES are on welfare. 25.7% of Blacks are on welfare; 10.3% of Hispanics are on welfare; 2.1% of Asians are on welfare. 1.2% of Native American are on welfare; 0.7% of Multiple races are on welfare and 12.8% of race unknown are on welfare.

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    Amber_B smokeee 17 days ago

    Not every charity or organisation is dishonest or scams people ???? There are some legitimate charities. I do not think they are being foolish at all ... they gave their savings with a good heart to help people !!! Not foolish at all

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    smokeee BigBangVIP_NYC 17 days ago

    U.S. Census Dept statistics, granted its from 2012 but i doubt its changed all that much, and at least its from the most credible source in this day in age of fake news. The black population: At 41.6 percent, blacks were more likely to participate in government assistance programs in an average month. o The black participation rate was followed by Hispanics at 36.4 percent, Asians or Pacific Islanders at 17.8 percent, and non-Hispanic whites at 13.2 percent.

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    BigBangVIP_NYC smokeee 17 days ago

    My numbers are from 2015.

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    smokeee Amber_B 17 days ago

    just saying i wish people were smarter... because its a damn shame generosity can so often be, and is abused.

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    smokeee BigBangVIP_NYC 17 days ago

    source? just give me google word, dont have to type url, which is a paiin in the ass to get past filter here.

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    crowboy BigBangVIP_NYC 17 days ago

    You're talking about welfare just in the context of SNAP though, right? Not overall.

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