Students must demonstrate financial need and academic ability to be eligible for CTY programs, which were established by Johns Hopkins University in 1979. CTY works to identify talented K-12 students worldwide and help them achieve their potential with challenging course work in math, science, computer science, and the humanities.
Mr. Goldstein told the Singapore publication The Straits Times that he funded scholarships to invest in the future of Singapore. Scholarships paid tuition, room and board, and round-trip air fare for students who attended CTY programs in the United States.
A prominent businessman and long-time civic leader and philanthropist in Singapore and Indonesia, Mr. Goldstein spent his almost 50-year career in Southeast Asia, where he works to attract foreign direct investment and promote development. Mr. Goldstein said that CTY programs give students international exposure, which could help them become business leaders, scientists, engineers, etc and, in turn, draw additional international business to Singapore.