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1924年,美国国会将庚子赔款余额约1254.5万元归还中国使用。中美两国政府达成协议,成立中华教育文化基金董事会(简称中华基金会)。1926年,由10名中国人、5名美国人组成的中华基金会第一届董事会,就如它的名称一样,其主要任务是资助中国的教育和文化活动。1926-197年,共有13所学校.3个研究所、5个教育文化组织获得了419906元的资助。
In 1924, the United States Congress returned a total amount of about 12.545 million yuan of Gengzi indemnity to China for use. The two governments reached an agreement to set up the board of directors of China Education and Culture Fund (referred to as China Foundation). In 1926, the first board of the China Foundation, comprising 10 Chinese and 5 Americans, just as its name implies, is to finance China’s educational and cultural activities. In 1926-1997, a total of 13 schools, 3 research institutes and 5 educational and cultural organizations received funding of 419,906 yuan.