The Li Foundation was founded in 1944 by Dr. Kuo Ching Li
. The Foundation's primary goal was to promote friendly relations between the United States and China. Educational exchange was deemed a suitable vehicle for achieving this goal.
The initial charter of the Foundation provided for a limited number of fellowships to promising students from China, desirous of working on a Master's degree in the United States. Over the years, the Foundation has sponsored hundreds of Chinese students at the Master's, Ph.D. and post-doctoral level.
The Foundation has actively established new programs with academic institutions in the United States, placing an emphasis on commitment by sponsorship. These programs include sister-city relationships. The Foundation has provided scholarships in all areas of science and medicine, as well as the arts and humanitarian fields of study.