Mody was a friend of the Hong Kong Governor,
Sir Frederick Lugard and his wife
Flora Shaw, who wished to found a university in Hong Kong. Mody offered to contribute a great sum of money, $150,000, to help establish the
University of Hong Kong, provided it was matched with donations from other sources. Eventually, his donation almost doubled to $285,000, which was a very significant component of the total endowment from the inception of this institution. At the foundation ceremony on 16 March 1910, Mody summed up his reasons for contributing towards HKU: As a young man, the advantages of education were unfortunately not within my reach, and I have today at my advanced age to confess myself 'no scholar'. Throughout my long life, I have daily realised all I have missed for want of a sound education, and it was with the idea of in some measure providing for others what I was myself denied that I determined to offer to erect at my own cost a building which should bring within their reach those educational advantages which I have myself so greatly missed.
Hong Kong Telegraph 17 March 1910 rightly summed up this event taking a queue from the speech of
Viceroy of Canton during the ceremony: "They Built Better Than They Knew". Sadly, Sir H.N. Mody did not survive long enough to see the opening of the university. The University was officially opened on 11 March 1912. Sir Hormusjee Mody’s son Naoroz Hormusjee Naoroji Mody attended the opening ceremony and said: Your Excellency [Lord Lugard], it is with feelings of the utmost pleasure and pride that I proceed to perform the duty which devolves upon me of formally in the name of my late father, presenting this University building, to the community, and requesting that you, Sir, may be pleased to declare the same open, and, on behalf of my mother, I also desire to express her regret that, through ill health, she is unable to be present this day... I desire to express to your Excellency the satisfaction which my mother and family feel on this auspicious occasion when the work so nobly undertaken by your Excellency and my father, is about to be brought to so successful and fitting a conclusion... I would add that had my father been spared to see this day his heart would have rejoiced at this realisation of his hopes. I may further state that I have given instructions for the making of a silver model of the Main Building of the University which, when complete, I would ask your Excellency to accept as a souvenir of this opening ceremony, which is, I think a memorable one in the annals of the Colony. ==Awards and titles==