Less than two weeks after Mr. SyCip’s passing on 07 October 2017, the Asian Institute of Management established the Washington SyCip Memorial Fund to honor its late Founder and Chairman Emeritus.
An anonymous philanthropist contributed the lead donation of US$5 million (approximately Php260 million) to the fund.
AIM’s flagship school, the W. SyCip Graduate School of Business, was named after Mr. SyCip.
“As I witnessed at AIM’s recent General Assembly, where we observed a minute of silence to pay our respects, so did news of the Fund profoundly affect our faculty and staff,” said AIM President and Dean, Dr. Jikyeong Kang.
“We are, indeed, still mourning Mr. SyCip’s passing, but such acts of kindness help the AIM community fix its eyes on the Institute’s mission,” she added.
The Institute held an on-campus memorial service for Mr. SyCip on 25 October 2017, which was attended by Mr. SyCip’s family and friends, as well as members of the AIM community. Mr. SyCip was 96 years old when he passed away on a Philippine Airlines flight en route to Vancouver.