 In February 2009, the Wee Foundation was set up with an initial S$30 million endowment from the Wee family.The charitable foundation focuses on education and welfare for the under-privileged, and also promotes the Chinese language and culture as well as social integration.In August 2011, Wee received the Darjah Utama Bakti Cemerlang (Distinguished Service Order) in recognition of his work with the SFCCA and as pro-chancellor of NTU.