Joseph Chung Scholarship Provides 1 to 3 Matching Gift

The King’s College is pleased to announce the Joseph Chung Scholarship, a new $2.5 million scholarship fund to honor the life and memory of the eldest son of Peter and Stephanie Chung. Peter Chung serves as the Chairman and CEO of Primacorp Ventures Inc., a partner and friend of The King’s College.

Before Joseph was born, the Chungs devoted his life to the service of God and prayed that the Lord would use him as a missionary. As a young child, Joseph was diagnosed with autism and eventually epilepsy. Peter Chung says, “We asked God why Joseph was given these difficult challenges. After all, he was dedicated to the Lord as a missionary. Through many prayers and tribulations, we realized Joseph was a missionary to our family.” Joseph passed away at the age of 32, and the family is honoring his legacy with a scholarship in his name.

The funding of the Joseph Chung Scholarship is designed to cultivate a spirit of generosity and increase the impact of any scholarship donation to The King’s College. As The King’s College receives scholarship contributions from families, alumni, and friends, the Joseph Chung Scholarship will match these donations at a 1 to 3 rate, meaning that each gift will be increased by 33%.

Matching these gifts up to $2.5 million, Peter and Stephanie Chung pray that the Joseph Chung Scholarship will exhort students to advance the Kingdom of God. The Joseph Chung Scholarship will provide general scholarship support at King’s, either through direct scholarships to students or through the funding of awards like the Presidential Scholarship or the King’s Grant.

“We are incredibly grateful for the Chungs’ decision to partner with The King’s College to create the Joseph Chung Scholarship,” said President Tim Gibson. “We are inspired by Peter and Stephanie’s heart to support King’s students, and are grateful for the opportunity to participate in Joseph’s legacy as new students prepare for a lifetime of service to God.”

Members and friends of the King’s community are invited to consider a year-end gift to The King’s College, both to honor Joseph’s memory and to increase the value of every gift to King’s students. Make a gift by December 31 to take advantage of these matching funds and to make the most of tax-deductible giving in 2022.

Featured photo of the Chungs is provided courtesy of Peter and Stephanie Chung.

Article was updated on November 17, 2022.