Annual Report

Table of Contents
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Message from the FUTI President
FUTI at a Glance 2007-2020
Report on the FUTI Global Leadership Programs
Roster of Global Leadership Award Recipients, 2020
Report on the Ito Foundation U.S.A.-FUTI Scholarship Program
Roster of Ito Foundation U.S.A.-FUTI Scholarship Recipients, 2020-2021
Status of FUTI Research Funds
Report from the FUTI Alumni Association
Fundraising Results of FY 2019-2020
Summary of Financial Statement FY 2019-2020
FUTI Lecture Series
FY 2019-2020 List of Donors
FUTI Organization

Message from the FUTI President
I am pleased to present you with the 2020 Annual Report.
Since its inception in 2007 under the leadership of inaugural Presidents Junji Masuda
and Hisashi Kobayashi, the Friends of UTokyo, Inc. (FUTI) has been providing
excellent opportunities to a number of highly talented students from the U.S. and Japanthrough FUTI’s summer scholarships. In 2015 Professor Masaaki Yamada assumed therole of the third FUTI President and further expanded the scope of FUTI’s activities
based on the generous contributions from the Ito Foundation U.S.A., which led to thelaunch of scholarships supporting mid to long-term study abroad programs in 2016.
These scholarships have been undoubtedly making substantial impacts on the lives andearly career development of outstanding UTokyo students, as well as students of leading universities in the US, in science,technology, arts and humanities fields as potential next-generation leaders in the world. In October of 2019, I became the fourth
President of FUTI, and I have been trying my best with FUTI Board, Advisory Committee, and Scholarship Committee
members, as well as officers in Administration, to promote the mission of FUTI. Since February 2020, however, the rapid spreadof the new coronavirus has significantly affected universities both in Japan and the US, leading to the cancellation of short-termsummer programs and the switching of courses to virtual lectures through Zoom. Some scholarship students were left with nochoice but to attend courses virtually from Japan as foreign students were prevented from the campuses of many universities in the
US despite the fact they were admitted to those universities. Consequently, FUTI’s Study Abroad programs had to makesignificant adjustments. Nevertheless, our activities have continued through online symposia, seminars, panel discussions, webinars,
and alumni gatherings through the rapid and proactive implementation of Zoom. I would like to extend my sincere gratitude to all
those who have supported FUTI in its mission to foster the global leaders of tomorrow and ask for your continued support.
Sincerely yours,
Iwao Ojima, President, FUTI

FUTI at a Glance 2007-2020
Scholarships and Grants Awarded to Date
168+

44
Ito Foundation U.S.A.-FUTI
Scholarship Awards

FUTI Global
Leadership Awards

22+
6o2na6tions

ved
receie fromt
to dalumniaGrants to Universities$679,000Funds Raised to Date

D

Total donations
received to date

$2,038,000

Individuals andGeneral Public$572,600

Shintech, Inc.
1

$786,400

Ito Foundation U.S.A.

Report on the FUTI Global Leadership Programs
Under the Global Leadership Program, FUTI provides scholarships to The University of Tokyo (UTokyo) students planning toparticipate in a short-term study in the U.S. and to U.S. students intending to participate in an internship or short-term study
program at UTokyo. In 2019, 21 UTokyo students applied and eight were selected to receive scholarships.
The Cancellation of Most Programs
In 2020, applications were received from 43 US university students and 18 students from UTokyo. Selections were made with theintent to award scholarships to 12 US students and eight UTokyo students. However, due to the spread of the new coronavirus,
most programs were cancelled. UTokyo called off all international programs for summer, including all US students’ study abroad
programs at UTokyo. However, although UTokyo students were not able to travel to a university in the US, three of the recipientsdecided to attend their programs virtually from Japan and support was provided accordingly.
After the coronavirus pandemic is brought under control and study abroad activities are able to resume, the donations that werereceived during the 2020 fiscal year will be allocated as a small budget expansion spread out over several years.

Roster of Global Leadership Award Recipients, 2020
* All information listed below are based on data collected at the time of application.

Taihei Matsumoto

Ruiko Yasuyama

Lili Yu

University of Tokyo, Sophomore
Engineering

University of Tokyo, Senior
Economics

University of Tokyo, Ph.D. 2nd year
Mechanical Engineering

Harvard Summer School

Stanford Summer
International Honors Program

Stanford University
Exchange Program

Report on the Ito Foundation U.S.A.-FUTI Scholarship Program
Contribution to SocietyWith the fiscal resources provided by the Ito Foundation under president Masatoshi Ito, who is also the honorary chairman ofSeven & i Holdings, we are able to award scholarships to UTokyo students and alumni who demonstrate the potential tocontribute greatly to Japanese society. The scholarships are provided for mid- to long-term studies lasting one or more semesters.
Since the inception of the Ito Foundation U.S.A.-FUTI Scholarship in 2016, awards have been given mostly to UTokyo students
and alumni. The recipient group is diverse and includes UTokyo graduate students who have completed their undergraduate
education at another university in Japan, foreign students studying at UTokyo wishing to study in the U.S., and a smaller numberof U.S. students planning to study at UTokyo.

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The Status of the Scholarship Program in 2020
In contrast to FUTI’s scholarships for short-term studies, the Ito Foundation U.S.A.-FUTI Scholarship program was fortunately
able to continue its operation on a smaller scale despite the pandemic.
In 2020, 10 students were selected out of 29 applicants, including one student who applied for a second year of support incontinuation from last year. The accepted students made every effort to move forward with study abroad plans including extending
the deadline to make a decision until the end of 2020. However, with UTokyo cancelling overseas studies for its students, US
universities not taking in foreign students, and a US freeze on granting student visas, virtually all study abroad plans inevitably had
to be cancelled or postponed until 2021 for reapplication.
Ultimately, scholarships were awarded to four students, three of whom were already in the US from the previous year studying at
the University of Chicago, Harvard/MIT, and Columbia. The final recipient was luckily able to obtain a visa for his PhD study at
Washington University in St. Louis.
Although many of the courses transitioned to an online format, scholarship was provided in the same amount for in-person
attendance if the student was taking the online courses on location. Common feedback of students who participated in online
courses is that they have advantages of being efficient and allowing for questions and discussions, but that social interpersonal
exchanges have been challenging. It is possible that a new structure incorporating both formats may emerge in the future.
It is our sincere hope that we will be able to resume scholarship activities in 2021 and make up for lost time, especially for thosestudents who had to postpone their study abroad for a year.

Roster of Ito Foundation U.S.A.-FUTI Scholarship Recipients, 2020-2021* All information listed below are based on data collected at the time of application.

Taro Kunimitsu

Tomohito Okuda

University of Chicago
Master 1st year
Harris School of Public Policy,
Master of Public Policy

University of Tokyo, 2013
Department of Urban Engineering
Graduate School of Engineering

University of Chicago
Harris School of Public Policy,
Master of Public Policy

MIT Sloan School of Management/
Takuya Okawa Harvard University Kennedy School
Dual Degree Program
University of Tokyo, Senior
Physics

University of Washington in St. Louis
Physics

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Ayano Sato
Columbia University
Master 1st year
Teachers College,
Arts Administration
Columbia University
Teachers College,
Arts Administration

Status of FUTI Research Funds
Cooperative Research and Education in Frontiers of Condensed Matter Physics(PI: Y. Uemura, Columbia University)
Since 2012, with generous support from FUTI, Prof. Uemura (Columbia University [(Columbia)] Physics Dept.) has continued
an international research and education program in cooperation with faculty members of University of Tokyo (UTokyo). In thesummer of 2018, Prof. Uemura started a collaboration with Prof. T. Shibauchi of UTokyo on studies of new and unconventional
superconducting materials using the muon spin relaxation (MuSR) measurements performed at TRIUMF (Canada's national
particle accelerator centre, Vancouver). The activities with beamtimes (Canada’s National Laboratory for Particle and Nuclear
Physics) continued in August, September, and November of 2019. Three UTokyo graduate students from the Shibauchi group, one
postdoctoral and one graduate student from Columbia collaborated at TRIUMF. Prof. Uemura joined the August beamtime at
TRIUMF. The results were included in a PhD thesis by Kohei Matsuura of UTokyo (March 2020). An additional new project on
MuSR studies of diluted magnetic semiconductors was started in December 2020, with the muon beamtime at Paul Scherrer
Institute (Switzerland) joined by a postdoctoral student of Prof. M. Tanaka’s group from the UTokyo Electrical Engineering
Dept., and Prof. Uemura and his postdoctoral student from Columbia.
In addition, Prof. Uemura organized a graduate lecture course, “Frontiers of Condensed Matter Physics” (FCMP) at Columbia in
the Fall Semester 2019, attended by 30 students, for which a few Japanese scientists traveled to New York to give lectures atColumbia. Most of the FCMP lectures were recorded and made available offline to graduate students of UTokyo. Due to Covid
19, the FCMP course has been upgraded to an online lecture series for Spring 2021, involving about 10 students each from
UTokyo and Kyoto University, and several leading Japanese scientists, connecting into the Zoom sessions together with anaudience of around 200 people from the US, Europe, and China. In June, 2020, Prof. Uemura organized an online conference,“Quantum Complex Matter 2020” https://www.superstripes.net/conferences/qcm-2020-the-conference with Prof. Bianconi ofUniversity of Rome, Italy. This meeting was attended by 41 invited speakers and an online audience of about 70 people. Prof.
Shibauchi and Uemura were invited to present talks reporting results from the above-mentioned UTokyo-Columbia collaboration.
In addition, three other professors and four graduate students from UTokyo gave invited talks on the research of superconductivity
and magnetism.

A spectrometer for muon spin relaxation measurements at TRIUMF (Vancouver) with Mr. Mingwei Qiu of UTokyo.
Upper insets show Mr. Kohei Matsuura, Takaaki Takenaka (UTokyo), Dr. Guoqiang Zhao and
Ms. Qi Sheng (Columbia) who joined in the MuSR studies at TRIUMF in August – November of 2019.

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Report from the FUTI Alumni Association
Dear Readers of the FUTI 2020 Annual Report,
I am Yuki Haba, the founder and president of the FUTI Alumni Association (FAA) and a PhD
student at Princeton University. First of all, I would like to thank FUTI for all the support that I havereceived as a previous FUTI scholar and an alumnus. Despite the exciting launch of FAA in the spring
and the kick-off party in the fall of 2019, we were not able to host any in-person events in 2020 due todifficult situations caused by the coronavirus pandemic. That said, thanks to tremendous help fromFUTI and Satsuki-kai America, we were able to co-host virtual events such as a talk by Mr. Fumiya
Uchikoshi, "Low Fertility, Population Aging, and Gender Inequality in Japan,” and a dialogue withProfessors Geeta Mehta and Peter Macotullio, "Learning from Covid 19 Pandemic Experience: NewYork and Tokyo" . Furthermore, the FUTI Alumni newsletter has been consistently sending useful
information to its members, creating a foundation of the connections between young scholarship
alumni. I, as the president, had the chance to attend the FUTI end-of-year meeting with current
scholars and am hoping to continue the close ties between current scholars and the FAA. I hope that
we will be able to host in-person FAA events very soon, which would undoubtedly be the best to foster
connections between the Alumni members who excel globally in a wide variety of fields.
Yuki Haba
Princeton University, Dept. Ecology and Evolutionary Biology

Fundraising Results of FY 2019-2020
The annual fundraising campaign for FY 2019/20 ( July 1, 2019 to June 30, 2020) concluded with a total revenue of about$200,000. The total donations FUTI received amounted to $131,000 in FY 2012/13, $110,000 in FY 2013/14, $116,000 in FY
2014/15, $316,000 in FY 2015/16, $199,000 in FY 2016/17, $313,000 in FY 2017/18, and $296,000 in FY 2018/19. The
substantial increase in FY2015/16 is attributable to the large gift from the Ito Foundation U.S.A. which started in that year. The
drop in donations for this fiscal year is attributed to the mass cancellation of international student exchange programs due to thecoronavirus pandemic and the resulting decrease in funding from the Ito Foundation U.S.A.
The largest contribution for this fiscal year was from the trust distribution from Shintech, Inc. FUTI has received donations from
Shintech, Inc. for many years, and in FY 2019/2020, a five-year contract was renewed for ensuring their continued support. Due tothe profit adjustment for the past five years made when the trust manager changed in 2020, the distribution payment increased to$79,000 this year. The donations from Shintech, Inc. are primarily used for fund scholarships supporting short-term summer
programs.
Contributions from the Ito Foundation U.S.A. are a major source of revenue for the Ito Foundation U.S.A.-FUTI Scholarshipwhich supports mid to long-term studies (one semester or longer) in the US for current students and past graduates of UTokyo.
However, since many study abroad plans were cancelled this year, the Foundation’s contribution shrank from the budgeted$150,000 to actual $60,000.
The number of individual donors (“general public” or “non-corporate” in the chart) ranges from 60 to 70 each year. For FY 2019/20
there were 51 individual donors. The total individual donation amount reached approximately $62,000, which is roughly the sameas last year, thanks to the several donors who increased their gift amounts as they understood the critical importance of individual
donations in FUTI’s fundraising effort. There is an urgent need to develop a new group of donors to sustain FUTI’s future.
We are extremely grateful to the Ito Foundation U.S.A. and Shintech, Inc. for their generous support of FUTI’s mission. In orderfor FUTI to secure a grant from Ito Foundation U.S.A. and continue the current level of activities, FUTI must raise sufficient5funds from individual donors. We thank each and every one of our donors for their generosity, and request their continued vital
support.
Over the past several years, we have made great strides to develop our programs. We are pleased to see the growth of ourscholarship and research grant programs as well as the educational endeavors made by our scholarship and grant recipients. Severalof our scholarship students have received prestigious awards as reported in our Newsletters. It will be greatly rewarding to see
UTokyo increase its presence in the global community, which grows more and more competitive with many other well-recognized
universities across the globe. We would like to extend our utmost gratitude to you for supporting FUTI, which enables us toprovide many highly qualified students with an opportunity to study abroad.

Trends in Contributions to FUTI, 2009-2020 (In US Dollar)

250,000

Public support
Shintech, Inc. support
Ito Foundation U.S.A. support

200,000

150,000

100,000

50,000

20
09
-

20
10

20
10
-2
01
1
20
11
-2
01
2
20
12
-2
01
3
20
13
-2
01
4
20
14
-2
01
5
20
15
-2
01
6
20
16
-2
01
7
20
17
-2
01
8
20
18
-2
01
9
20
19
-2
02
0

0

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Summary of Financial Statement FY 2019-2020
Statement of Financial Positions (Unit: US Dollar)
AssetsCurrent Assets
Checking & Savings Accounts
Contributions receivable
Fixed Assets
Laptop PC (Undepreciated Portion)
Total Assets(Year ended June 30, 2020)
423,437
14,684

Liabilities
Current Liabilities
Scholarships and Grants payable
Accrued expenses

91,500
6,403

Long-term Liabilities-

Total Liabilities
Net Assets
Unrestricted Assets
Restricted Assets

438,121

Statement of Activities (Unit: US Dollar)
Support and Revenue

097,903289,333
50,885

Total Net Assets

340,218

Net Assets and Total Liabilities

438,121

Expenses

Contributions
Program Revenue
Interest

200,228
220

Total Support and Revenue

200,448

Revenues over Expenses

81,377

Net assets, beginning of year
Net assets, end of year

258,841
340,218

Grants ( Research Grants, Awards)

94,500Managerial and general

24,571

Total Expenses

119,071

FUTI Lecture Series
The objectives of the FUTI Lectures Series is to provide UTokyo alumni and others with an opportunity to explore, challenge anddebate salient issues with visiting UTokyo scholars and distinguished alumni in an informal setting. The events generally take place
online or in a mid-Manhattan location.

Lecture Theme

Lecturer and Afﬁliation

Date

Supporting Organizations

Managing Currency Risk:
How Japanese Firms Choose
Invoicing Currency

Prof. Takatoshi Ito, Columbia Unversityand (summer) National Graduare Institutefor Policy Studies

Jan. 30, 2020

Satsuki-kai America
New York Icho-kai

Young Professional Series:
Low Fertility, Population Aging,and Gender Inequality in Japan

Mr. Fumihiko Uchikoshi,
Princeton University,
Sociology, PhD Program

Feb. 28, 2020

Satsuki-kai America
FUTI Alumni Association

Recent Developments and Future Prof. Sadaoki Furui (Emeritus),Tokyoof Artificial Intelligence (AI)Institute of Technology, Chair of the Board,
Toyota Institute of Technology at Chicago

July 19, 2020

Chicago Akamon-kai

Learning from Covid 19
Pandemic Experience: New Yorkand Tokyo

July 29, 2020

Satsuki-kai America
FUTI Alumni Association

Prof. Peter J. Macotullio, Institute for
Sustainable Cities at Hunter College andProf. Geeta Mehta, Columbia University

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FY 2019-2020 List of Donors
Friends of UTokyo gratefully acknowledge and appreciate the gifts from our donors which help to support the FUTI Global
Leadership Awards and the other many activities to further the globalization and future development of The University of Tokyo
in the U.S., Japan and in the world.
CORPORATIONS
Benefactor($15,000 or more)
Ito Foundation U.S.A.
$60,000

FY 2019-20 total: 3 corporations†, 51 individuals; $200,228‡

Shintech, Inc.
$78,531*
INDIVIDUALS
Donor($1,000-$9,999)

Koichi Hamada & Carolyn Beaudin$1,000Friends($250 - $499)

Names only
(in alphabetical order)

Iwao Ojima$6,000

Yoshinari Ikiri$1,000Anonymous$350

Tetsunosuke Fujisaki

Hisashi & Masae Kobayashi$5,000

Chiaki Kusuhara$1,000Li Jin$300

Shigenori & Sumie Matsushita$5,000Kenichi Sugiyama$1,000Fumito Ichinose

Masaaki Yamada$5,000

Ko-Yung Tung
$1,000

Atsuko Fujimatsu
In memory of Tadao Fujimatsu$250

Shigeru Mori

Yuichiro & Chika Kuwama$3,000Shinya Wako
$1,000Erika White$250

Motoatsu & Nobuko Sakurai$3,000Supporting Member($500-$999)

Sumiko Ito$2,500Tohru Asami$900

Shohei & Akiko Koide$2,500Anonymous$600

Hiroaki Sando$200

Yasuo Okamoto$2,500Satsukikai America$517

Jotaro Hamada$120

Hisashi Kobayashi
In memory of Shoshichi Kobayashi$2,000

Akira Kimura$500

Anonymous$100

Shunichiro Kishioka$500

Jung-Kook Hong$100

Takaki Sakai$500‡

Minami Goto
$40

Hiroshi Komiyama$2,000
Krishen & Geeta Mehta$2,000
Masako Osako$2,000Junji Takegami$1,500Teruaki Aoki
$1,000Kenichiro Yamada$250
Masako Yamada$250

Sadaoki Furui
Eri Furusawa
Takeshi Komoto
Yuriko Suzuki
Fumiya Uchikoshi
Yasutomo Uemura

Donations under $250

Yasuhide Watanabe$500
Yoichi Yoshida$500*Dividend income from a $5 million trust fund created for the benefit of FUTI
† Matching gift from MUFG Union Bank
‡ Total including matching gift

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FUTI Organization
BOARD OF DIRECTORSADMINISTRATION

Iwao Ojima
President and CEO
University Distinguished Professor, Stony Brook
University – State University of New York

Masako Osako
Secretary and General manager of
Administration
Executive Director, International Longevity
Center (ILC) Global Alliance; Director,
Satsuki-kai America

Yuichiro Kuwama
Vice President and CFO
Associate Professor of Clinical Medicine,
Icahn School of Medicine at Mount Sinai
Junji Takegami
Vice President and COO
Advisor, Tiger Pacific Capital LP
Atsushi Tsuda
Executive Vice President, University of Tokyo
Takatoshi Ito
Professor of International and Public Affairs,
School of International and Public Affairs,
Columbia University; Director, Program on
Public Pension and Sovereign Funds; Associate
Director of Research, Center on Japanese
Economy and Business, Columbia Business School

Tetsunosuke Fujisaki
Treasurer
President, Ringo Software Technology, Inc.
Yoshinari Ikiri
Legal Counsel
Vice President & Assistant General Counsel,
JPMorgan Chase Bank, N.A.
ADVISORY COMMITTEE
Masaaki Yamada
Advisory Committee Chair
Tetsunosuke Fujisaki
President, Ringo Software Technology, Inc.

Shigenori Matsushita
Director of Scholarship Programs
Former President of Japan Wink
Communications, Member of the JapaneseComputer Pioneers

Sadaoki Furui
Chairman of the Board, Toyota Technological
Institute at Chicago; Chief Research Director,
National Institute of Informatics; Professor
Emeritus, Tokyo Institute of Technology

Geeta Mehta
Adjunct Professor of Urban Design,
Columbia University;
Founder and President, Asia Initiatives

Koichi Hamada
Professor Emeritus, Yale University;
Professor Emeritus, The University of Tokyo

Nobuko Sakurai
Director of FUTI Alumni Association
Relations
Advisor, Lotus Circle Asia Foundation
Masaaki Yamada
President Emeritus (non-voting)Distinguished Research Fellow,
Princeton Plasma Physics Laboratory
Hisashi Kobayashi
President Emeritus (non-voting)Princeton University, Sherman Fairchild
University Professor of Electrical Engineeringand Computer Science, Emeritus. Dean of the
School of Engineering and Applied Science,
Emeritus
Junji Masuda
President Emeritus (non-voting)President Emeritus, New York Icho-kai
Hiroshi Komiyama
Honorary Director (non-voting)
Chairman of the Institute, Mitsubishi ResearchInstitute; 28th President, University of Tokyo

Yoshinari Ikiri
Vice President & Assistant General Counsel,
JPMorgan Chase Bank, N.A.
Hisashi Kobayashi
Princeton University, Sherman Fairchild
University Professor of Electrical Engineeringand Computer Science, Emeritus. Dean of the
School of Engineering and Applied Science,
Emeritus

Ko-Yung Tung
Lecturer on Law, Harvard Law School;
Vice Chair, NY Ichokai
Erika D. White
Attorney, Davis and Polk & Wardwell LLP
Shohei Koide
Professor of Biochemistry and Molecular
Pharmacology, New York University School of
Medicine; Director of Cancer Biologics,
Perlmutter Cancer Center at NYU Langone
HealthTai Hasegawa
Ex Officio
President, Stanford and Silicon Valley
Akamon-kai; President, Henry Taube InstituteKoichi SatoEx Officio
President, San Francisco Akamon-kai
Katsuyuki Yamaguchi
Ex Officio
President, New York Icho-kai; Managing
Partner at Nishimura & Asahi NY LLPSCHOLARSHIP COMMITTEE
Shigenori Matsushita
Scholarship Committee Chair
Shohei Koide
Iwao Ojima
Masako Osako
Nobuko Sakurai
Masaaki Yamada

Akiko Koide
Research Assistant Professor, New York
University School of Medicine, Perlmutter
Cancer Center at NYU Langone Health;President, Satsuki-kai America
Takeshi Komoto
Minister, Embassy of Japan in the
United States of America
Yasuo Okamoto
Senior Counselor,
Hughes, Hubard & Reed LLP
Yuriko Suzuki
Principal, Y SUZUKI CONSULTING, LLC
As of April 1, 2021

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