HISTORY OF THE FOUNDATION
The Honjo International Scholarship Foundation was approved by the Minister of Education as an incorporated scholarship foundation on December 25, 1996. Its establishment was financed by the late Mr. Masanori Honjo, founder of ltoen, Ltd., who donated to the Foundation personal assets worth ¥200 million in cash and one million stocks of his company as the Foundation's seed capital, as well as another ¥100 million in cash as working capital. The Foundation was approved by the authorities as a Specified Corporation in the Public's Interest in March 1998.
Mr. Masanori Honjo passed away in July, 2002 and then Mrs. Teruko Honjo, inheriting her husband’s will, was appointed a president of the Foundation and donated ¥1.6million stocks of Itoen, Ltd., as the Foundation’s seed capital. In the end of March, 2010, total assets are ¥9.793billion.
The Foundation's focus is on those bright students who have the potential to become outstanding leaders in developing nations in the future, to whom the Foundation provides scholarship in the hope that such nations will develop in peace.
The Foundation's basic intention is to provide financial support to outstanding students, regardless of their filed of study, to help them obtain their chosen degree in the shortest possible time by sparing them the trouble of working part-time. This is because the Foundation believes that such people should begin working in the interest of society as soon as possible after gaining their degree and they should be familiar with Japan and serve as a bridge connecting Japan with the rest of the world in culture and mutual friendship.
The Foundation offers mainly two scholarships under the name of the "Honjo International Scholarship," namely the “Foreign Students Scholarship” and the “Japanese Students Scholarship.” For both, individual students can apply directly to the Foundation. These are not what is called a "specified school scholarship," for which applications must be made through each student's college or university. Each year we have received an increasing number of applications, and for the scholarship selection for the year 2008 we had some ten hundred applicants. The selection is made on a fair and impartial basis by the Foundation's Selection Committee, consisting of five members. The selection follows two stages, the first begin a document examination and the second an interview. The final selection decision is made by the Foundation's Board of Directors.
The Foundation began in July 1997 by providing scholarships to seventeen students. Since then, providing scholarship to about twenty new students every year, as of April 2010, the Foundation has provided scholarships to a total of 350 students from 58 nations.
The Foundation hopes to support many students winning the degrees they are pursuing and contribute encouraging to study in abroad and to develop international exchange in the global community.