Who’s Doing Good?

1st April 2019 - 7th April 2019

THE GIVERS

Korean celebrities give generously to Gangwon wildfire victims. On Friday, President Moon Jae-in declared a state of national disaster over the wildfire that affected the counties of Goseong, Inje, and Sokcho and the cities of Gangneung and Donghae. In the following days, the President designated these areas as a special disaster zone, which funneled in state money to help victims and support recovery, and a number of public figures made donations to support the affected communities. The largest donor was singer IU with a ₩100 million (approximately US$90,000) donation to ChildFund Korea, an international welfare service organization’s Korean arm. Coming from a range of celebrities, including K-pop idols and athletes, donations to victims in Gangwon Province have totaled US$330,000 as of Saturday and have complemented government efforts to respond to the disaster.

Tata Trusts awards 361 scholarships to students of Jammu and Kashmir. A new scholarship program, launched this year by the Tata Trusts, has selected 350 applicants for a two-year scholarship to pursue degree and diploma courses in education. A spokesperson for the Tata Trusts stated, “The Trusts had conducted an exercise to find out which states would benefit the most through support in promoting teaching as a career. Jammu and Kashmir emerged as one of the top choices.” In addition, 11 fine arts students of the University of Kashmir have been selected for the Tata Trusts Students’ Biennale National Award. The Tata Trusts has been supporting higher education since 1892 with the founding of the J.N. Tata Endowment for the Higher Education of Indians, which was featured in CAPS’ report, “Giving Back to the Future: Scholarships for Higher Education.” This new annual scholarship underscores the Tata Trusts’ continued commitment to supporting higher education.

Azim Premji Foundation highlights the Wipro founder’s unwavering support and patience. With a strong belief that education is the fundamental non-violent way to bring about lasting social change, Azim Premji chose education to be a primary beneficiary of his philanthropic initiatives. Out of Premji’s initial dream of starting a liberal arts school in 1997 grew a philanthropic effort of around 2,000 people working in 50 districts across six Indian states and a university dedicated to education and development domains. CEO of the Azim Premji Foundation, Dileep Ranjekar, lauds the Wipro founder’s continued support for the foundation’s work, stating that Azim Premji’s ability to appreciate and accept the inordinately long cycle time for social and educational change has enabled the foundation to work towards its long-term vision of social and educational change across the nation.

THE THINKERS

China’s philanthropy to unlock great potential. China’s philanthropy sector has quadrupled over the last decade, and private wealth has been a critical contributor to this growth. Donations from private companies and corporate foundations have dominated philanthropic giving, followed by affluent individuals and other types of organizations such as government agencies and public institutions. A recent report, published by AVPN and the Rockefeller Foundation, pointed out that the overwhelming share of corporate giving and individual donations in China has been largely stimulated by a rising awareness of social responsibility, favorable corporate tax incentives, and the country’s Charity Law passed in March 2016. While the report cautioned some barriers in China’s philanthropy ecosystem, such as a limited number of intermediaries able to help in sophisticated areas of philanthropy and a lack of data transparency, it expressed optimism as Chinese philanthropy burgeons alongside cutting-edge technology and a thriving digital sector, both of which are sparking a greater public interest in charity.

THE NONPROFITS

Pakistani nonprofit’s CEO named on Forbes 30 under 30 Asia list of social entrepreneurs. The 28-year-old CEO of Seed Out, Zain Ashraf Mughal, secured a spot on the prestigious list of Asia’s top social entrepreneurs. Seed Out, a nonprofit crowdfunding platform that works to eradicate poverty through interest-free micro-financing, has raised over 600 entrepreneurs in four Pakistani cities and put at least 1,600 children into schools. According to the World Bank in Pakistan, 90% of the workforce is highly entrepreneurial but it is estimated that 80% of them cannot apply for a traditional loan. Through Seed Out, donors can support social entrepreneurs through donating or lending to projects listed on the nonprofit’s website, ultimately providing social entrepreneurs the tools, training, and support to bring about innovative solutions to social and environmental issues.

THE BUSINESSES

Citi Foundation and United Nations Development Programme host second Asia Pacific Youth Co:Lab Summit. On April 4th, the United Nations Development Programme and Citi Foundation collaborated with the Ministry of Science and Technology and the Viet Nam Volunteer Center to host the second Asia Pacific Youth Co:Lab Summit in Hanoi. The project is the largest youth-led social entrepreneurship movement driving the implementation of the Sustainable Development Goals. The event brings together over 500 delegates, including hundreds of youth, partners, and government officials from 20 countries, to exchange ideas and experiences and to influence policy initiatives on youth entrepreneurship and social innovation. The initiative has benefitted over 2,500 young social entrepreneurs and has helped launch or improve nearly 500 social enterprises.

THE INNOVATORS

Fourteen young Indian social entrepreneurs make the Forbes 30 under 30 Asia list of social entrepreneurs. While the Forbes Billionaire List 2019 featured Indian business leaders including Mukesh Ambani and Azim Premji, a new cohort of young Indian leaders are being featured for their social-driven initiatives. Forbes Asia has released its annual Forbes 30 Under 30 Asia list, highlighting 300 outstanding individuals from 23 countries and territories in the Asia Pacific region. Fourteen young Indian social entrepreneurs were featured on the Forbes 30 under 30 Asia list of social entrepreneurs for their work, which ranges from collecting unused clothes to making sustainable construction bricks out of plastic waste. These young social entrepreneurs are tackling pressing social and environmental issues facing their communities and are a growing cohort of leaders in the burgeoning social entrepreneurship space.

Global impact investment market rises to US$502 billion. The Global Impact Investing Network (GIIN) conducted a comprehensive study analyzing the size and make-up of the impact investing market and launched their landmark report, “Sizing the Impact Investment Market.” GIIN reports that the global impact investment market is sized to be currently worth at least US$502 billion, which is more than double the US$228 billion reported by GIIN last year in its “2018 Annual Impact Investor Survey.” According to the report, the majority of impact investors are based in developed markets such as the US, Canada, and Europe, and a smaller fraction of investors are based in Asia with 2% of investors in East Asia, 2% in Southeast Asia, and 3% in South Asia. While the impact investment market has grown rapidly over the past decade, there is still a need for trillions of dollars to achieve the Sustainable Development Goals, leaving significant room for the nascent impact investment sector to grow.

Villgro leads the way in supporting social enterprises through public-private partnerships. As India’s oldest and one of the world’s largest social enterprise incubators, Villgro has impacted over 19 million lives through its support for early-stage and innovation-based social enterprises. Since its founding in 2001, Villgro has been an exemplar of social enterprise incubation with its focus on deep sectoral expertise, high-touch mentoring, and public-private partnerships. Villgro has collaborated with the private sector, including Accenture and Rabobank, as well as with local and international governments to expand INVEST, one of the world’s largest social innovation programs. The incubator’s diverse partnerships serve as models for other intermediaries looking to bolster the social entrepreneurship ecosystem in their communities.

Who’s Doing Good?

25th March 2019 - 31th March 2019

THE GIVERS

Singaporean government to match donations given to registered charities. From April to March next year, donations to Institutions of a Public Character (IPCs), certified charities in Singapore, will be matched dollar for dollar through the new SG$200 million (approximately US$147.5 million) Bicentennial Community Fund. Each IPC will be entitled to up to SG$400,000 (approximately US$295,000), and the fund will be administered by the National Volunteer and Philanthropy Centre with support from the Ministry of Culture, Community and Youth. “Through the Bicentennial Community Fund, we hope to further encourage all Singaporeans to continue the philanthropic and community self-help spirit of our forefathers, 200 years on and 200 years forward,” said Grace Fu, Minister for Culture, Community and Youth.

THE THINKERS

Asian philanthropists have the potential to fuel the new model of philanthropy. As the Doing Good Index 2018 highlights, Asian philanthropists have the capacity to contribute US$500 billion in charitable giving. With recent economic growth comes the potential for a new era of charitable giving focused on seemingly intractable issues, and China is leading the way as it harnesses the highest number of millionaires engaged in environmental, social, and governance-related investing. As collaboration is strengthening with the development of consortiums and alliances, and a new generation of globally minded and mission-driven rich is taking the helm of the exponential growth in capital, Asia is positioned to fuel a new model of philanthropy that can make the biggest bets in bridging the US2.5 trillion funding gap needed to achieve the 2030 Sustainable Development Goals.

THE NONPROFITS

Hong Kong nonprofit helps residents with disabilities fight prejudice and break into the workforce. In Hong Kong, the poverty rate among people with disabilities in the city is more than twice the level of the general population. CareER, a local nonprofit dedicated to helping students and graduates with disabilities find jobs, is working to break down the barriers facing disabled jobseekers. After a few years working in human resources for multinational companies, Walter Tsui Yu-hang founded CareER in 2013 to help graduates with disabilities find suitable jobs instead of the low-skill work they are usually offered. CareER now has more than 450 members with disabilities and has worked with over 100 employers to create more than 200 jobs. In efforts to keep growing its impact, CarER launched a two-year career development program last week, sponsored by the Hong Kong Jockey Club Charities Trust, which provides occupational skill training, consultation services, and leadership development.

THE BUSINESSES

Support from Alibaba Foundation empowers United Nations (UN) Women flagship programs. Two major initiatives of UN Women—Making Every Woman and Girl Count and Buy from Women—are receiving significant support from the Alibaba Foundation as part of its five-year, US$5 million commitment to UN Women. The Foundation’s contribution will help expand the Making Every Woman and Girl Count program in Asia, which seeks to bring about a radical shift in how gender statistics are used, created, and promoted at the global, regional, and country level. The Foundation’s contribution will also support the Buy From Women digital platform, which empowers women farmers in Liberia and the Democratic Republic of Congo to access new markets and services and increase production and revenues.

Cancer initiative benefits thousands of women in China. ”Make Up Your Life,” a project launched in South Korea in 2008, has provided free cancer-screenings and examinations for 54,000 women in China. Amorepacific, a South Korean cosmetics company, has invested ¥8 million over the past three years in the initiative, and according to a joint report published by China Women’s Development Foundation, free checkups for breast and cervical cancers for underprivileged women has received a positive social return on investment. Each ¥1 (US$0.15) spent in this project turned out a ¥1.52 worth of impact as the initiative effectively raised awareness of such diseases for women in remote areas where medical resources are scared. With enhanced awareness and access to screening, women can take early action for disease prevention and treatment, leading to enhanced general wellbeing of women and their families.

THE INNOVATORS

Female tech boss launches drive to empower women. Virginia Tan, co-founder of Lean in China, announced the launch of Nvying program for WeChat. Nvying is a short video platform for women to share their personal stories and communicate about their work life. The application is designed based on the needs of young women in China. “We wanted to do this because I think the market lacks quality content—there is a lot of entertainment and gossip, but we wanted to set a professional standard to answer some of the questions,” Tan said. According to Tan, the program will start with female users of the messaging platform, but later grow to include men as well.

China’s first charity store steps into 11th year in style. Chinese nonprofit, Roundabout, works to promote the eco-conscious lifestyle of the 3Rs—reduce, reuse, and recycle—with its free pick-up service over Beijing. In addition to this, the company opened China’s first charity distribution store to raise funds for vulnerable social groups (orphans, children with critical sicknesses or physical challenges, women, elderly, and earthquake victims) and to connect those who want help those in need. “We hope to create a charming place where people feel good and have a pleasant experience when they step inside—whether to buy a gift for a loved one or to find something they need—so they would like to come back,” said Charlotte Beckett, the charity’s volunteer director.

THE VOLUNTEERS

Two Cathay Pacific pilots raise money to buy rice for charity Feeding Hong Kong. Through a crowdfunding campaign, two Australian pilots, Glen Clarke, and Matthew Brockman, raised HK$10,000 (US$1,270) to buy rice for Feeding Hong Kong, a local charity that rescues edible food from producers, manufacturers, distributors, and retailers and redistributes it to other charities. Both Clarke and Brockman moved to Hong Kong four years ago, and after fundraising money for Australian foundations, they decided to give back to a Hong Kong charity this year. Clarke and Brockman were inspired to raise money to buy rice for Feeding Hong Kong after spending time at the charity’s warehouse in Yau Tong and noticing a lack of rice among the non-perishable food donations. While their campaign for Feeding Hong Kong extends till June, the duo is already brainstorming more ways to give back to the Hong Kong community.

THE TRUSTBREAKERS

Man held for forging charity commissioner’s signatures. The detection of crime branch in India has arrested a man for forging signatures and stamp of the charity commissioner and preparing bogus documents related to land in Bil village on the Vadodara city’s outskirts. In the process of selling a piece of land he did not actually own, the accused claimed that the land belonged to a temple trust and that he had bought it from them, producing bogus documents with the charity commissioner’s forged signatures and stamp.

Charity laws being enacted in all provinces across Pakistan. With the visiting delegation of the Financial Action Task Force (FATF) in the country on Wednesday, various Pakistani government officials briefed the FATF on steps taken by Pakistan to curb money-laundering. The officials of the National Counter Terrorism Authority (NACTA) were also present on the occasion, briefing the FATF regarding laws on model charities and that laws on charities were being devised in all provinces.

Who’s Doing Good?

18th March 2019 - 24th March 2019

THE GIVERS

Bill Gates lauds Azim Premji for commitment to philanthropy. This past weekend, Bill Gates took to Twitter to acknowledge Wipro chairman Azim Premji and his most recent bequest of 34% of Wipro’s shares, worth about US$7.5 billion, to the Azim Premji Foundation. With this new charitable contribution, Premji has now donated a total of US$21 billion over the past several years to his philanthropic initiatives, making him one of the world’s top philanthropists. Since 2014, the Azim Premji Foundation has supported over 150 organizations engaged in improving the lives of disadvantaged, under-served, and marginalized communities in India. Gates tweeted, “I’m inspired by Azim Premji’s continued commitment to philanthropy. His latest contribution will make a tremendous impact.”

China’s new billionaire class gives rise to philanthropy boom. The 2019 report from the China Philanthropy program at the Ash Center for Democratic Governance and Innovation highlights driving forces that have fueled China’s philanthropy boom, including the country’s recent economic growth and laws and regulations that gradually legitimized and incentivized private giving. While the largest percentage of Chinese donors comes from the real estate sector, the report also highlights prominent Chinese philanthropists, including China’s richest man, Jack Ma, who recently announced he was retiring from his company to focus on education philanthropy. Beyond the givers, China’s maturing philanthropy scene has also spurred the growth of new philanthropic infrastructure, buttressed by intermediary organizations that gather data, facilitate peer learning, and train donors to be more strategic in their giving.

THE THINKERS

Southeast Asian business leaders must step up and invest in development efforts. While economists forecast Indonesia to become the world’s fourth-largest economy by 2050, the country still faces development and public health challenges, such as a high burden of tuberculosis. Dato’ Sri Dr. Tahir, chairman of Mayapada Group and founder of the Tahir Foundation, calls on private sector leaders to recognize their critical role in public health and development in emerging economies in Southeast Asia. While the efforts of a partnership between the Tahir Foundation, the Bill & Melinda Gates Foundation, and the Global Fund to Fight AIDS, Tuberculosis and Malaria and government public health services have helped Indonesia achieve a 44% decrease in TB mortality rates and 14% decrease in TB incidence rates from 2000 to 2017, the private sector can propel these efforts with financial support to expand access for all Indonesians to benefit from these resources and services.

Program trains rural women in India to raise healthier goats and gain financial independence. Extensive research shows that when women have control over finances, they are more likely to spend it in ways that improve the quality of life for their family. In rural India, goat rearing is an important source of income, managed almost exclusively by women, and the money from which is kept in their hands. Project Mesha, which is run by the Aga Khan Foundation and supported by the Bill & Melinda Gates Foundation, trains more than 200 women to be “pashu sakhis” in four communities in Bihar – one of the poorest states in India and home to one of the country’s largest population of goats. By learning how to vaccinate, deworm, and provide other preventative care to goats in their community, women can increase their income by charging small fees for their veterinary services, promoting goat care in their communities, and reducing the loss of income due to the high mortality rate of goats. Through working with local women’s groups, the program aims to increase incomes for 50,000 of India’s poorest women by 30%.

THE NONPROFITS

Hong Kong NGO Leadership Programme nurtures social service network for the future. The nine-month NGO leadership program is a tripartite collaboration between The Chinese University of Hong Kong’s Department of Social Work, UBS, and Operation Santa Claus, one of the largest charitable donation drives in Hong Kong. The program aims to encourage more volunteering, nurture leaders in the social sector, and build a lasting network that will help with collaborative problem solving of social challenges in the future. The winning participant of each year’s program becomes a beneficiary of Operation Santa Claus, and past winners have been granted more than US$102,000 to invest in their service. Last year’s winner was Kenneth Choi Man-kin, the general manager of social enterprise Gingko House. Since its founding in 2015, the leadership program has trained 103 participants from 87 organizations and has helped kickstart numerous social service projects.

THE BUSINESSES

Global Wholesaler METRO to join forces with One Drop Foundation to provide safe water access and sanitation in India. On World Water Day, March 22, international wholesale and food specialist METRO launched the METRO Water Initiative in partnership with the One Drop Foundation. The joint initiative will collaborate with an array of actors on the ground including local governments, civil society organizations, and microfinancing institutions to provide permanent access to sustainable and safe water and sanitation to more than a quarter of a million people in India. The initiative will focus on supporting the northern District of Sheohar, in Bihar, India where nearly half of the region lacks safe water coverage. This project highlights the importance of collaboration as emphasized by Heiko Hutmacher, Chief Human Resources Officer and Member of the Management Board of METRO AG responsible for Sustainability, “By partnering for a common goal, we have the power to change the lives of more than a quarter of a million people for the better.”

Chairperson and CEO of Emperor Watch and Jewellery, Cindy Yeung, talks about the company’s charitable causes.  At the helm of the family business — one of Hong Kong’s most prestigious retailers — Cindy Yeung follows in the footsteps of her father and grandfather by giving back to the community through charitable initiatives with the company. In a recent interview, part of Hong Kong Tatler’s ‘The Next Step’ series that highlights Hong Kong-based philanthropic women, Yeung shares about her early inspiration from her father, Dr. Albert Yeung. Galvanized by his philanthropic work of founding the Emperor Foundation and the Albert Yeung Sau Sing Charity Foundation, she spearheaded new partnerships with charities including Plan International, Chi Heng Foundation, and Project We Can. In efforts to strengthen the company’s commitment to improving the education and health conditions of underprivileged children around the world Yeung also encourages staff to actively participate in their own way.

THE INNOVATORS

How socially responsible investing can help end modern slavery. While socially responsible investing has gained momentum around the world, the practice has focused more on environmental and governance issues, partly due to extensive data and indicators within these two streams. Unlike environmental metrics that have been developed to track global warming and deforestation, social impact metrics are still amorphous and underdeveloped. In the case of modern slavery, the market lacks a standardized set of quantifiable indicators that companies can use as a reporting standard and that asset managers can base their investments on. The development of more robust metrics to track social issues like modern slavery will be pertinent in paving the way for investors to have a more tangible impact, especially in Asia and the Pacific region where 62% of the estimated 40 million victims of modern slavery live.

Impact Investment Exchange (IIX) celebrates its 10-year anniversary with inaugural art competition and exhibition. Singapore-based Impact Investment Exchange, a pioneer in impact investing that focuses on empowering women, is celebrating its 10-year anniversary with its inaugural She Is More Youth Art Competition. The competition, which is headed by the organization’s IIX Foundation, aims to harness the power of art to give voice to women, and it will culminate in an exhibition set to open in May. Durreen Shahnaz, founder and CEO of IIX, highlighted that the event aligns with her vision for IIX, which is to provide “a chance for us to change the narrative of women as victims, to recognize them as solution-builders; to drive women’s empowerment by building opportunities for everyone to value and give voice to women.”

THE VOLUNTEERS

Young volunteers in India are on a mission to feed the poor. Robin Hood Army, a group of more than 270 young volunteers who are largely students and young working professionals, has been collecting surplus food from hotels, restaurants, and wedding halls to feed the hungry. Modeled on the Re-Food program in Portugal, which fights hunger at no-cost, the organization began working in Delhi, India in 2014 as a zero-funds organization – operating with no revenue, office space, or employees. To ensure food is reaching the communities most in need, the Robin Hood Army volunteers conduct location surveys to gauge the need for food, collecting data on the number of family members, the number of children in each family, and the family’s source of livelihood. From last September till now, the group of volunteers has conducted 154 food drives and has fed nearly 30,000 people.

Who’s Doing Good?

25 February 2019 - 3 March 2019

THE GIVERS

Jhunjhnuwala family shares philanthropic values inspired by late patriarch. Surya Jhunjhnuwala, founder and managing director of the Singapore-headquartered Naumi Hotels, discusses the strong spirit of giving instilled in his family by his late father, Shyam Sundar Jhunjhnuwala. He credits his father for teaching the family that philanthropy is a value to live by and not an afterthought, stating, “It should start from young, and anyone can do it regardless of their status or net worth.” Among the numerous selected causes the family supports, Rita Jhunjhnuwala, Surya’s wife, highlights the family’s commitment to supporting causes with a longer-term effect. The family continues its patriarch’s legacy and passion for education through eponymous initiatives, including the Shyam Sundar Jhunjhnuwala Charity Fund and the S.S. Jhunjhnuwala – Naumi Hotel Bursary at the Singapore Institute of Technology.

THE NONPROFITS

A new nonprofit, Lever for Change, aims to unlock billions of untapped capital for philanthropy through big bet contests. The success of the first iteration of the MacArthur Foundation’s 100&Change competition, a high-stakes philanthropy competition that offers a US$100 million grand prize to only one proposal, has led to the launch of the new nonprofit, Lever for Change. This new competition consultancy will pilot effective competition models that allow funders to place “big bets,” giving millions all to one cause, in an effort to make the biggest impact on one specific solution. Lever for Change is backed by US$20 million from the MacArthur Foundation and US$5 million from LinkedIn founder Reid Hoffman, and several funders have already committed capital to be invested in ideas that are discovered by Lever of Change competitions.

Richard Hawkes from the British Asian Trust highlights three recommendations for charities engaging with social finance. The British Asian Trust, along with their partners, the Tata Trusts, UBS Optimus Foundation, The Michael and Susan Dell Foundation, Comic Relief, the Department for International Development, the Mittal Foundation, and British Telecom, recently launched the largest education development impact bond (DIB) in the world: Quality Education India DIB. Over four years, this DIB will aim to improve literacy and numeracy skills for more than 300,000 children, and ultimately help bridge the financial gap required to meet the UN’s Sustainable Development Goals. Richard Hawkes, chief executive of the British Asian Trust, draws on his experience and encourages development organizations and charities wanting to engage with social finance to focus on patience, clear and realistic goals, and collaboration for success.

Women’s World Banking celebrates 40 years of helping low-income women become financially secure.. As the global nonprofit, Women’s World Banking, celebrates its 40th anniversary, Mary Ellen Iskenderian, the President and CEO, shares stories of the nonprofit’s work that underscore the importance of delivering banking services to low-income women. Women’s World Banking started out working with microfinance banks, but it has since expanded to work with mainstream banks and other businesses focused on distributing products to women in need. Iskenderian, featured on this week’s Business of Giving podcast, highlights the positive impacts of access to finance that the organization has witnessed being at the forefront of the financial inclusion movement for forty years.

Over 80% of social investments in microfinance.. Myanmar received 15 impact-investing deals, which is the second highest number in Southeast Asia, between 2007 and 2017, but received the second lowest amount of capital at US$ 26 million according to a report by AVPN. The report also highlights that 80% of the investments were in microfinance. APVN says that new legislation such as the new Companies Law and moves by the Central Bank of Myanmar to relax collateral requirements will improve financing for SMEs, while the recent wave of impact funds and development finance institutions entering Myanmar will give a boost to the country’s impact-investing market and growing social enterprises.

THE VOLUNTEERS

Beijing’s Palace Museum receives major donation from Hong Kong-based foundation. The NG Teng Fong Charitable Foundation has spent about ¥1.9 billion (approximately US$238 million) on charity programs that focus on healthcare, education, cultural heritage conservation, and environmental protection. Last week, the Hong Kong-based foundation donated ¥100 million (US$15 million) to the Palace Museum in Beijing. Mr. Shan Jixiang, director of the Palace Museum, shared that this donation will be dedicated to restoring the Palace of Prolonging Happiness, or Yanxi Gong, into an exhibition space displaying foreign cultural relics, and it is expected to open in 2020. Part of the foundation’s donation will also be used for a youth exchange programs as well as Hong Kong-related training programs on museum expertise.

THE BUSINESSES

Ctrip CEO, Jane Sun, visits Middle East refugee centers to seek further commitments. As a philanthropist and CEO of Ctrip, China’s largest online travel agency, Jane Sun exhibits a commitment to social responsibility at a global scale. In addition to donating to causes that help children suffering from the effects of war, Ms. Sun leads Ctrip Group in undertaking major philanthropic initiatives. Last year the company supported the CanDo project, which works with children’s hospitals in Syria; the Edesia project, which addresses malnutrition in western African countries; and the Syrian Paralyzed Children project, which provides artificial limbs to children injured in the Syrian Civil War. During this past Chinese New Year holiday, Sun visited refugee centers in Lebanon and Jordan to better understand how to support the region and refugee education in future philanthropic initiatives.

Alibaba Cloud launches Tech for Change initiative for social good. The initiative calls for innovative ideas, and joint efforts from enterprises, startups and young entrepreneurs to tackle global social and humanitarian challenges in areas including education, economic development, and the environment through the use of technology. The initiative reflects Alibaba Cloud’s long-held value of empowering the community through technology. Alibaba Cloud also built a technical philanthropy platform, “Green Code” in 2017 to connect professional IT volunteers with non-profit organizations in China for philanthropy programs. More than 3,000 engineers registered for charity programs from 168 organizations in 2018.

Hurun Rich List: Bezos stays strong on top, while 23 other Indians join the club. The Hurun report, research, media, and investment business best known for its ‘Hurun China Rich List’, a ranking of the wealthiest individuals in China came out with this year’s rankings. Jeff Bezos, founder, and CEO of Amazon made it to the top for a second year. This year also saw Reliance India Limited Chairman, Mukesh Ambani make it to the top 10. The report also highlighted that China lost the maximum number of billionaires – 213, followed by India with 52. Women made up 15.5% of the list, similar to last year’s 15.3%.

Founder’s values play a key role in driving family business philanthropic philosophy. Different family business philanthropy models have emerged over the years, ranging from foundations to corporate social responsibility initiatives. Building off a long tradition of giving, family businesses in India are increasingly pursuing hybrid models, like that of the Tata Trusts, in which families set up a charitable foundation that is funded by dividends from the business. A 2016 report by EY found that the founder’s values play an especially important role in driving family business philanthropy as it brings family members together in supporting their selected cause. While annual lists, like Forbes Asia’s Heroes of Philanthropy, include top Indian philanthropists every year, another trend stands out in India: big philanthropists are usually quiet about their work and impact.

Who’s Doing Good?

11 February 2019 - 17 February 2019

THE GIVERS

Asia’s second wave of philanthropists favoring hands-on approaches to philanthropy. Second- and third-generation philanthropists from wealthy families in North Asia are transforming the philanthropy landscape as they pursue different practices than those of their parents. The findings are part of a report published by Stanford Social Innovation Review. The report adds that these philanthropists not only prefer managerial models of governance but also demonstrate greater interest in social enterprise and social value investment models. Kyung Sun Chung in Korea, Daisuke Kan in Japan, and Allen Liang in China are leading examples of philanthropists working to build strong ecosystems for social entrepreneurship and social innovation in their countries.

Donation from Mitsubishi Motors’ STEP Fund helps build new school building in the Philippines. Voluntary donations from employees at Mitsubishi Motors to the company’s STEP Fund, matched with an equivalent contribution by the company, amounted to a ¥3 million (approximately US$27,000) donation to build a classroom building at Camayse Elementary School in the Philippines. As the company builds its presence across the ASEAN region, it has committed to stronger CSR efforts in the local communities where it operates. The project was conducted by the World Vision Development Foundation in the Philippines, and construction of the new classroom building was completed in January 2019.

THE THINKERS

Bill and Melinda Gates publish annual letter highlighting surprises in philanthropy in 2018. In their 2019 letter, titled, “We didn’t see this coming,” the couple highlights nine surprises they encountered through their foundation’s philanthropic work. These range from gender gaps in global data and mobile phone ownership to the potential of at-home DNA tests. The couple underscores the important role such surprises have played in their philanthropic journey, stating, “A benefit of surprises is that they’re often a prod to action.” While these new discoveries have stirred curiosity and concern at the Gates Foundation, the couple concludes their letter with optimism and confidence in the power of innovation to address extant and emerging issues.

Oxford study recommends crowdfunding for financing UN Sustainable Development Goals (SDGs). Crowdfunding has grown significantly in the Asia-Pacific region in the last few years – it helped raise US$103 billion in the region in 2016. However, a new study by the University of Oxford’s Saïd Business School highlights that only US$165 million of these funds were donations, which pales in comparison to the U.S. which despite raising only US$35 billion, received nearly twice as much in donations (US$339 million). According to UN estimates, achieving the 17 highly ambitious Sustainable Development Goals by 2030 will cost around US$5 trillion to US$7 trillion a year, about US$4 trillion of which is required in developing countries. The report also highlights the potential of SDG-related crowdfunding platforms to encourage social entrepreneurs with opportunities for match-funding by corporations, foundations, and governments.

THE NONPROFITS

Women Who Code partners with VMware to retrain 15,000 women for tech jobs in India. VMinclusion Taara is a joint initiative of Women Who Code (WWCode), an international nonprofit that inspires women to succeed in the tech industry, and VMware, a computer software subsidiary of Dell Technologies. The VMinclusion Taara initiative was formed to train and upskill 15,000 women in India who have left the tech industry. According to estimates, 45% of women working in tech normally quit the industry after 8 years. This program, which creates a path of re-entry for women through free training and certification on advance digital transformation solutions, will be WWCode’s biggest reskilling and back-to-work initiative.

THE BUSINESSES

KKR’s global impact fund co-invests with KKR Asia’s Fund in Ramky Enviro Engineers Limited. Investment firm KKR has acquired a 60% stake in Ramky Enviro Engineers Limited (REEL), a leading provider of environmental services in India and overseas, for approximately US$510 million. The investment is a part of KKR’s Global Impact strategy, which focuses on identifying and investing in businesses with positive social and environmental impact that contribute to the SDGs. KKR’s Global Impact strategy will build upon the firm’s expertise in environmental issue management and REEL’s experience in environmental management to innovate and provide critical solutions to reduce pollution and improve sanitation infrastructure worldwide.

THE INNOVATORS

Singapore’s vibrant social innovation ecosystem rooted in strong public-private-people collaborations. Singapore’s government recognizes that cross-sector partnerships are needed for an ecosystem that supports innovation and social impact. Its efforts to boost the sector’s growth have been buttressed by intermediary organizations that are improving cross-sector coordination and Singapore-based private investment networks that are connecting social businesses with global partners and investors. Universities in Singapore are also contributing to new curricula and experiential learning programs that promote social business values and social entrepreneurship. This commitment from Singapore’s government, businesses, and universities to social responsibility is transforming business culture and positioning the country to be a leading force in social innovation.

THE VOLUNTEERS

A partnership between Standard Chartered Bank and volunteer organization, RSVP Singapore, to create more volunteer opportunities for seniors. In Singapore’s aging population, silver volunteerism has been gaining attention as the number of Singaporeans aged 65 is expected to double by 2030. The three-year partnership seeks to tap into this growing pool of seniors with a wealth of skills and experience through initiatives such as an inter-generational volunteering program. The collaboration will also train senior volunteers to help conduct health tasks and mindfulness practices as part of a nationwide expansion of a pre-dementia program. As other countries in the region face aging societies, innovative engagement and intergenerational programs can integrate the growing population of skilled and experienced seniors in efforts to create social impact and serve local communities.

Who’s Doing Good?

04 February 2019 - 10 February 2019

THE GIVERS

Mukesh Ambani tops Hurun India Philanthropy List 2018. From October 2017 to September 2018, Ambani and his family donated Rs 437 crore (approximately US$61.4 million). Reliance Industries’ chairman was followed by Piramal Group’s chairman, Ajay Piramal, whose son recently married Ambani’s daughter. Piramal donated Rs 200 crore (approximately US$28.1 million) during the same period, in addition to giving Rs 71 crore (approximately US$10 million) for Kerela flood relief. Other notable philanthropists on this year’s list include the Premji, Godrej, and Nadar families.

Prince Charles unveils US$100 million fund for women empowerment in South Asia. The proposed fund, led by the British Asian Trust (BAT), will channel bond investors’ money to give half a million women and girls access to better education, jobs, and entrepreneurial opportunities over the next five years. The BAT will seek funding from the charity units of big banks for the initial risk investments and from national governments and other big donors for underwriting the final payment. Announcing the initiative, Prince Charles, called it the BAT’s “most ambitious venture to date.”

THE THINKERS

The Foundation Center and GuideStar merge to create Candid, a mega data portal. Two leading nonprofit and philanthropic intermediaries merge to create a data portal with a worldwide reach, combining years of research and experience in the social sector. The merge has been a decade in the making with top funders including the Bill & Melinda Gates Foundation, the William and Flora Hewlett Foundation, the Charles Stewart Mott Foundation, the Lodestar Foundation, and Fidelity Charitable Trustees’ Initiative. Brad Smith, president of the Foundation Center, will be president of Candid., and Jacob Herald, president of GuideStar, will serve as executive vice president. Operating with a budget of approximately US$38 million, Candid. will leverage both organizations’ complementary missions, datasets, and networks to be at the forefront of information-sharing in the nonprofit sector.

Rohini Nilekani and Vidya Shah call for more philanthropic giving at The Economic Times Women’s Forum 2019. According to a recent Oxfam report, Indian billionaires have added Rs 2,200 crore (approximately US$307 million) per day to their wealth, however in the “commitment to reducing inequality index,” India ranked 147 out of 157 countries. Rohini Nilekani and Vidya Shah, two leading female entrepreneurs and philanthropists, brought light to these numbers at The Economic Times Women’s Forum 2019, and they advocated for more giving to causes such as healthcare, education, and social protection. In accord, they encouraged greater engagement in philanthropy, calling on community members to devote more time and money to causes that address the country’s glaring inequality.

How nonprofits can help donor-advised fund philanthropists listen and learn. The use of donor-advised funds (DAF) has increased in popularity over the years as philanthropists seek greater impact through more organized and thoughtful forms of giving. As DAF donors work to enhance their giving portfolios, they should listen to feedback from the communities and individuals they seek to help. This enhanced communication between donors, intermediaries, and communities is an emerging trend in philanthropy, and DAF donors are poised to advance the practice of listening. The article highlights new approaches such as test-and-learn gifts, volunteering, survey and focus groups, and expert consultation.

THE NONPROFITS

Five Hong Kong charities that save the environment. Hong Kong Tatler highlighted five nonprofits for their work in environmental protection: Clean Air Network, EcoDrive Hong Kong, Ocean Recovery Alliance, Project C: Change, and The Nature Conservancy. As Hong Kong faces air quality and waste management challenges, awareness, education, and policy change will be pertinent in mitigating deleterious effects on the environment. Together, these nonprofits are raising awareness, connecting key stakeholders, and building more sustainable solutions for the future.

Nonprofits join in a campaign to reduce financial support for forest-risk businesses. According to new data released by the Forests and Finance campaign by the nonprofit Rainforest Action Network (RAN), Chinese, Japanese, Indonesian, and Malaysian banks were the biggest funders of forest-risk activities and the least likely to have internal policies restricting environmental damage. RAN is joining forces with two nonprofits, TuK Indonesia and Profundo, to campaign for less financial support for forest-risk businesses including unsustainable palm oil, pulp and paper, rubber, and timber developments, thereby reducing their negative impacts on the environment.

THE BUSINESSES

Marriot, the world’s largest hotel operator, partners with Generation Water to offer a sustainable alternative to plastic water bottles. According to the nonprofit Ocean Conservancy, as much as 60% of the plastic found in the ocean comes from five Asian countries including Thailand. The growing tourism industry in Thailand is taking a detrimental toll on the environment, and industry leaders are recognizing their need to take responsibility. Marriot International’s director of operations for Thailand, Vietnam, Cambodia, and Myanmar stated that the company understands its greater obligation and responsibility as its global footprint grows, and the hotel operator has partnered with the startup, Generation Water, to implement water plants that collect 4,000 liters of water a day from vapor condensation. Marriot has now been producing its own water for four months—reducing its number of used plastic bottles by more than 100,000 plastic bottles—and plans to expand water plants to all Marriot resorts in southern Thailand.

THE INNOVATORS

Venture fund, Quest Ventures, helps social organizations create and scale impact. A recent report by the Global Impact Investing Network has highlighted the significant growth of Southeast Asia’s impact investing ecosystem over the past decade, with US$904 million invested in the region by private impact investors. The venture fund firm, Quest Ventures, is joining other impact investors through its new impact fund to support startups addressing real-world problems. In the upcoming year, Quest Ventures plans to roll out their new fund and invest in 60 companies, 50 of them being social enterprises, in Southeast Asia to help entrepreneurs create and scale social impact in their communities. In addition to capital, the firm aims to support founders through their networks and mentorship services.

THE VOLUNTEERS

Number of volunteers in China hits hundreds of millions. According to the Ministry of Civil Affairs, more than 100 million Chinese have registered as volunteers by the end of 2018. Specifically, approximately 12,000 volunteering organizations were registered by the end of 2018, collectively providing more than 1.2 billion hours of community service. A statement from the China Volunteer Service Federation said that more efforts will be made to encourage volunteers’ participation in public service and social governance, as well as improving the quality of their service.

Who’s Doing Good?

28 January 2019 - 03 February 2019

THE GIVERS

Vogue India lists most generous billionaires who are using money to address the country’s income inequity. The list features India’s richest trailblazers in philanthropy from Ratan Tata, chairman of the Tata Trusts, to Sangita Jindal, chairperson of the JSW Foundation. The list also highlights two of India’s billionaires, Kiran Mazumdar-Shaw and Rohini Nilekani, who have signed the Giving Pledge, an initiative by Bill Gates and Warren Buffet that asks billionaires to donate at least half of their wealth to charity. These twelve Indian billionaires lead the way in applying financial acumen to enhance impact, and their work is an inspiration for others to dedicate their wealth to address their country’s most pressing social issues from education to healthcare development.

THE THINKERS

Rohini Nilekani urges social sector to speak up about failure. In the social sector, success stories are celebrated with awards and funding, and this leads social organizations to quieten stories of failure. Philanthropist Rohini Nilekani highlights how this fear of failure in the social sector inhibits innovation and growth. The path to change at scale in the social sector needs experimentation; thus, the acceptance of failure is essential for the success of the social sector. Nilekani calls for more candid communication between social entrepreneurs and the philanthropic community and points to leaders in the sector to collaborate more, pool resources and experience, and take bigger risks to pave way for greater social impact.

“How charities can avoid turning off potential donors.” Sara Kim and Ann L. McGill, authors of “Helping Others by First Affirming the Self: When Self-Affirmation Reduces Ego-Defensive Downplaying of Others’ Misfortunes,” explore a common dilemma that charities face. That is, “charities dealing with distressing topics such as illness, starvation, or war have to walk a fine line: they need to increase awareness of what they do without turning off potential supports and donors.” The solution, according to Kim and McGill, lies in “self-affirmation.” The authors claim that if people were reminded of who they are at heart, they might be less likely to downplay others’ misfortunes because they would not feel threatened or defensive. Through multiple behavioral psychological experiments, the researchers observed results in which participants who completed self-affirmation tasks were more likely to donate to nonprofits with no personal relevance or connection. For example, male participants who completed the self-affirmation task read about a breast-cancer charity for longer and donated more money to it.

THE NONPROFITS

Shanghai charity makes English fun for migrant children. In recent years, a number of organizations have emerged to assist the children of migrant workers in China’s major cities. Stepping Stones, a volunteer organization that helps migrant children build fluency in English, is one of the longest-running organizations with more than 300 regular volunteer teachers. In a recent interview, the founder of Stepping Stones highlighted the legislative challenges the organization faced and the need for clearer legal guidelines and regulations for nonprofits in China. As the population of migrant workers continues to grow, organizations addressing needs of migrant children will need more support from the government and funders to emulate the same quality and scale of services that Stepping Stones has achieved over the past ten years.

Charitable foundation in China reported having spent over 250 million yuan (US$37 million) fighting poverty in 2018. Established in 2007 by the Central Committee of the China National Democratic Construction Association to prompt enterprise engagement in poverty relief and other charitable projects, the China Siyuan Foundation for Poverty Alleviation announced that it had spent over 250 million yuan to fight poverty in 2018. According to the foundation, around two million individuals benefited from its various programs—from medical care to education. In 2019, the foundation plans to spend a further increased amount of 265 million yuan (approximately US$39.3 million) for poverty alleviation.

Two Greenpeace offices shut after donation row. Environmental group Greenpeace announced it had been forced to shut two of its regional offices in India and had asked its staff to leave due to a block on its bank account after accusations of illegal donations. Since 2015, Greenpeace has been barred from receiving foreign donations, and India’s financial crime investigating agency froze the group’s bank account in October 2018.

THE BUSINESSES

Cathay Pacific enhances community engagement strategy with two new programs. Hong Kong’s home airline has partnered with Social Ventures Hong Kong to develop two new community engagement programs. The first initiative, “Cathay Changemakers,” recognizes positive contributions by Hong Kong residents and promotes their causes across a wide audience including passengers, employees, and business partners around the world. The second initiative, “World As One,” partners with the nonprofit VolTra to provide underprivileged youth, including ethnic minorities and reformed drug addicts, the opportunity to travel on volunteer work trips. Cathay Pacific hopes to effect greater social change by leveraging its strength in connecting people and places and by collaborating with partners across different sectors.

Courts Singapore employees help spring-clean homes of elderly as part of the company’s new CSR program. Courts Singapore has partnered with the nonprofit Care Community Service Society (CCSS) to launch its new CSR program: Courts Charity Home. Through the new initiative, Courts will donate products to beneficiaries served by CCSS, including elderly, at-risk youth, and disadvantaged children. To kick off the program, staff volunteers delivered new home necessities to underprivileged elderly, matched their wish-list items (such as rice-cookers and electric kettles), and helped spring-clean their homes. The launch of Courts Singapore’s new CSR program last week ushers in Chinese New Year with a strong charitable spirit and deepened commitment to service and community.

THE INNOVATORS

Globe Telecom brings digital donation channel to nonprofits. Globe Telecom, a major provider of telecommunications services in the Philippines, made it easier for its over 8,000 employees and thousands of guests to donate to their chosen nonprofits through the use of GCash QR codes, raising almost ₱450,000 (approximately US$8,600) in just about two months. These funds were collected via the “Purpose Tree,” which was set up at the company’s headquarters in Manila. Any passer-by, including employees and visitors, can donate from their GCash account to their preferred charity by scanning the assigned QR code on the “Purpose Tree.” “In an era of mobile technology, potential donors want and expect to be able to act immediately. The use of GCash QR codes not only makes giving more convenient but also democratizes it. It puts control on the hands of the donors. They can choose their preferred NGO and donate any amount through GCash scan-to-pay online platform. This is much more efficient and larger in scale than traditional models like donation boxes and envelopes,” said Yoly Crisanto, chief sustainability officer and senior vice president for corporate communications at Globe Telecom.

Y Analytics launches to bring together capital and research for good. The impact measurement arm of TPG’s Rise Fund has branched off into an independent research organization—Y Analytics—to expand its research framework for informed decision-making to a larger network of investors. The organization will bring together leading economists, researchers, and capital allocators to evaluate and predict impact pre-investment and manage and measure impact thereafter. While the organization will build upon the Rise Fund’s “Impact Multiple of Money” system for informing capital in pursuit of change, it will also develop a research advisory council with partners including the Abdul Latif Jameel Poverty Action Lab at MIT and the World Resources Institute. From its headquarters in Washington, D.C., Y Analytics will translate its new findings to both bolster the research basis for informed impact investing and advance knowledge in the field.

Who’s Doing Good?

21 January 2019 - 27 January 2019

THE GIVERS

India’s most respected business tycoons attend The Economic Times Family Business Awards. At the second annual ceremony, those who received an award shed light on their family businesses’ key to success. Shekhar Bajaj, chairman and managing director of Bajaj Electricals, highlighted the importance of exercising leadership by example. Arun Bharat Ram, chairman of SRF, noted the importance of governance structure and cohesion. Vinati Saraf, managing director and CEO of Vinati Organics, brought attention to the need to recognize the role of women, and her message was echoed by Rafique Abdul Malik, chairman of Metro Shoes. At large, many agreed that giving back to society was a key element to their family businesses, as Yusuf Hamied, chairman of Cipla, stated, “Success doesn’t make a company, an individual, or a family great. What matters is the social contribution.”

THE THINKERS

China’s philanthropy booming alongside the growth of billionaires. From 2010 to 2016, donations from the top 100 philanthropists in China more than tripled, reaching US$4.6 billion. In 2016, the National People’s Congress (NPC) enacted the Charity Law, attempting to add transparency and accountability to the broader social sector. The article also notes that Chinese philanthropic foundations now function more like traditional for-profit enterprises with specialized management teams that operate under strict guidelines. The concept of philanthropy is a cornerstone to Chinese culture, revered throughout Confucian texts, and now, the growing number of billionaire philanthropists is trailblazing a new path for more impactful philanthropic giving by expanding the volumes and areas for charitable support.

President Arif Alvi calls on Pakistani businesses to engage in CSR work. At the 11th International Corporate Social Responsibility Summit and Awards organized by the National Forum for Environment and Health, Pakistan President Arif Alvi highlighted the need for legislating regulations that bind the local corporate sector to commit a minimum of 1% of annual profits to projects in health, education, and social development. Alvi’s message closely resembles and mirrors a trend first set by the Indian government, which requires large companies to spend at least 2% of their profits for CSR.

Bain report on digital philanthropy in China raises six questions for stakeholders to consider when developing digital strategies. Digital philanthropy has grown precipitously over the past decade, and online fundraising platforms have made individual giving easier and more accessible. Beyond the oft-reported Tencent and Alibaba and their control of 90% of China’s online fundraising, new players are diversifying the digital philanthropy landscape, including China’s two largest banks, Bank of China and Industrial and Commercial Bank of China, which obtained approval to operate online donation platforms last year. The report highlights the need to pursue digital opportunities and six key areas organizations should consider when developing their digital strategies.

THE NONPROFITS

Malaysian nonprofit opens “The Big Heart” learning center. The Dignity for Children Foundation (DFCF) was founded in 1998 by Elisha Satvinder and his wife Petrina to educate and train impoverished children and refugee youth in urban Kuala Lumpur. The Sharjah-based Big Heart Foundation, in collaboration with the United Nations High Commissioner for Refugees, organizes the annual Sharjah International Award for Refugee Advocacy and Support. In the 2018 edition last April, DFCF won and received an award of AED 500,000 (approximately US$136,000). At the awards ceremony, Sharjah ruler Sultan Bin Muhammad Al Qasimi donated an additional US$1 million to DFCF, which was used to expand its flagship project, the Urban Youth Education Village, into the organization’s newly opened learning center, “The Big Heart.”

THE BUSINESSES

Google set to fund a 10MW solar farm in Taiwan, its first renewable project in Asia. As the largest corporate buyer of renewable energy in the world, Google is funding a solar farm of 40,000 solar panels in Tainan City to compensate for the energy consumed by its nearby data center. Google has been lobbying the Taiwanese government for years, trying to permit non-utility companies to purchase renewable energy from producers directly. Ultimately, amendments in 2017 to the country’s energy regulations gave the green light for Google’s first renewable project in Asia. While the 10MW solar farm in Tainan City will not measure up to the full consumption of Google’s data center, this renewable project and its preceding lobbying efforts will pave the way for more clean energy projects to come in the region.

US$225 million raised from AC Energy’s maiden green bond issuance will bankroll renewable energy portfolio expansion. The energy platform of the Philippines’ Ayala conglomerate, AC Energy, issued its inaugural senior green bonds, a drawdown from the recently established US$1 billion medium-term note program. The bonds are certified by the Climate Bonds Initiative (CBI), and they will be the first publicly syndicated CBI-certified dollar-denominated green bond in Southeast Asia. On the US$225 million successfully raised, AC Energy chairman, Fernando Zobel de Ayala, expressed, “We are very pleased to see the success of our maiden green bond. This will enable AC Energy to scale up its renewable energy investments in the region.”

THE INNOVATORS

Tata Trusts and New America launch blueprint for blockchain and social innovation. New America’s Blockchain Trust Accelerator and the Tata Trusts publicly announced at the Global Blockchain Business Council their ambitious blueprint for blockchain and social innovation. The blueprint outlines practical examples of blockchain projects that can be translated to the social impact and government technology arena. It also brings attention to efforts on part of governments to embrace blockchain, highlighting ways in which blockchain can contribute to social good, social justice, broad-based economic participation, and enhanced trust in the public square. Blockchain was one of the most cited words at last year’s World Economic Forum, and projects like this blueprint are proving that blockchain is quickly gaining interest and support within the social innovation space as well.

“eMpowering Youths Across ASEAN” workshop fosters the growth of young regional entrepreneurs. The ASEAN Foundation and the Maybank Foundation held a five-day workshop to train 100 Southeast Asian entrepreneurs in program development and field-work. These young entrepreneurs will be implementing pilot programs that provide social and economic benefits and services in Cambodia, Indonesia, and Malaysia. This program was a result of Maybank’s efforts to scale its 2016 program that trained students from top universities in Singapore to a regional level with the goal of empowering the youth and fostering the growth of sustainable development innovation throughout Southeast Asia.

Who’s Doing Good?

14 January 2019 - 20 January 2019

THE GIVERS

Henry Sy, Philippine’s’ wealthiest man and notable philanthropist, passes away. The “Retail King”, as Sy was cordially known, immigrated from China and transformed a small shoe business into a thriving retail empire over the years. His company, SM Investments, owns three of the most valuable companies in the Philippines today, spanning extensive retail, banking and real estate operations. Sy was also regarded for his philanthropy. In 1983 he founded the SM Foundation to undertake efforts mainly in education which the he saw as a way out of poverty. The foundation’s generous scholarships to thousands of deserving but underprivileged Filipino youth enabled them to attain college education. Sy was aged 94.

Chinese scientist Qian Qihu to donate science award worth ¥8 million (US$1.2 million) to children’s education. Two Chinese scientists, Qian Qihu and Liu Yongtan, were honored the highest science and technology award by President Xi Jinping at the Great Hall of the People earlier this month. Each received ¥8 million (approximately US$1.2 million) for the award. Qian, who was recognized for his work on the country’s underground defense infrastructure, has decided to use the award money to set up a fund to help low-income children gain access to schools in his hometown of Kunshan. Qian has a history of charitable giving to education: since 2006, he has personally donated more than ¥200,000 (approximately US$29,500) to 17 low-income students.

The 2018 edition of Operation Santa Claus raises more than HK$17 million (approximately US$2.2 million). The latest edition of the Christmas fundraising drive, organized by the South China Morning Post and public broadcaster RTHK, included a variety of fundraising events held across the city from mid-November 2018 to mid-January 2019. The 13 charities receiving the funding offer an array of services ranging from supporting vulnerable youths and the elderly to bringing therapeutic art to hospitals. The drive has now raised more than HK$300 million (approximately US$38 million) in total since its inception in 1988.

THE THINKERS

Education and digitization key to reducing poverty in China, argue Alibaba co-founders Jack Ma and Joe Tsai. Leaders of the world’s fifth-biggest internet company, Alibaba, put forth the argument at two annual philanthropy events in Sanya and Hangzhou, China. Ma said the use of new technologies allows farmers to become more competitive and in turn boost profits. For example, an analysis of shoppers’ preferences on Alibaba’s platform revealed a consumer preference for sweet melons weighing around two pounds. This insight was passed to farmers who altered their practices to meet these demands and were subsequently able to generate much higher revenues. Tsai quoted government figures which state that 42% of the 14 million middle-school graduates in China move straight to low-skilled jobs instead of high school. He argued skills training can make this transition smoother. Ma added further that these problems can only be solved if Chinese business leaders and the government work together.

THE NONPROFITS

India relaxes requirements on nonprofits looking to receive foreign donations. Nonprofits registered under the Foreign Contribution Regulation Act (FCRA) are no longer required to sign-up to a government portal to receive foreign donations. Before the changes to the FCRA, organizations were required to undergo a tedious registration process before being able to receive foreign donations. This requirement was instituted in October 2017 to enhance accountability of organizations receiving foreign funding. The move will provide relief to thousands of nonprofits who faced difficulties in fulfilling this requirement.

THE BUSINESSES

The Independent lists Singaporean social enterprises making an impact. The enterprises on the list – CrushXO, I-Drop and Bookshare – achieve social objectives through their business models. CrushXO is a beauty startup which sells vegan-friendly makeup products. It donates 5% of its total sales to charities working on a range of social missions, including breast cancer awareness. I-Drop sells purified water through dispensing machines in grocery stores. Users fill their own multi-use water containers allowing prices to be as low as one-fifth of the cost of a traditional water container. Bookshare provides customized reading experiences to individuals facing health issues such as blindness and cerebral palsy. The platform boasts a library of over 670,000 books and charges S$1 (approximately US$0.74) for a weekly subscription.

“Breaking Bread Together” campaign provides freshly baked bread to children of low-income families in Korea. More than 400,000 children in Korea are estimated to be at risk of being underfed or malnourished. In response, Sun-in Co., a leading Korean specialty food manufacturer and distributor, partnered with Goldman Sachs and the Korean Red Cross to launch the “Breaking Bread Together” campaign. This campaign distributes fresh bread to children of low-income families on a weekly or bi-weekly basis. A pilot program had been running since last year, and this month the campaign will expand the program to 16 cities across Korea. As a result, the number of families receiving freshly baked bread is expected to exceed 1,100 households.

THE INNOVATORS

Billionaire donors team-up for collaborative impact fund, Co-Impact. The impact fund is supported by 25 backers including Bill and Melinda Gates and Indian billionaires Rohini and Nandan Nilekani. As part of the effort, partners will fund and provide technical assistance to projects aimed at driving large-scale impact in Africa, South Asia and South America. The fund’s first US$80 million in grants will support five projects. One of these is an implementation of an education program developed by Pratham, one of India’s largest nonprofits, in Cote d’Ivoire and Nigeria. Around 3 million students are expected to benefit from Pratham’s knowledge of boosting reading and math proficiency. Together, the five programs are expected to impact over 9 million lives.

THE TRUSTBREAKERS

Korean animal rights leader refuses to step down despite euthanasia scandal. Park So-youn, the head of one of Korea’s largest animal rights groups, Coexistence of Animal Rights on Earth (CARE), was accused of euthanizing more than 250 dogs earlier this month. Park claims the move was driven by mercy towards sick animals, however CARE staff and other animal rights groups reject Park’s view and have called for her resignation. According to one of the staff members: “Park is trying to justify her indiscriminate behavior (of administering euthanasia). Instead she is saying she will lead the social discussion on animal euthanasia.” Funding for animal rights groups in Korea is reported to have fallen drastically in the wake of the incident.

Who’s Doing Good?

17 December 2018 - 23 December 2018

THE GIVERS

Hong Kong Tatler profiles Li Ka-shing, one of Asia’s most influential businessmen and philanthropists. Born in 1928 in Chaozhou, Guangdong, Li Ka-shing rose from humble beginnings, sweeping floors in factories and caring for his ailing father after his family migrated to Hong Kong. His business acumen led to a successful plastic flower manufacturing business and, eventually, a real estate empire. In May 2018 the former chairman of CK Hutchison Holdings retired after 68 years in business, and pledged a third of his wealth to philanthropic projects. Despite his vast net worth, Hong Kong’s richest man is popular for maintaining a humble outlook and engaging in philanthropy. The Li Ka Shing Foundation is considered second in influence only to the Bill & Melinda Gates Foundation, with contributions totaling HK$20 billion (approximately US$2.5 billion) in a range of areas including education and social development.

THE THINKERS

Indian companies rally to support Arianna Huffington’s mental health initiative, Thrive. During a recent trip to India, the acclaimed businesswoman and author won the support of several Indian companies as well as the Indian chapters of American Express and Microsoft. These companies are now finalizing a partnership with Huffington’s productivity and well-being platform, Thrive Global, through which they will receive coaching on creating a positive work culture for employee well-being. Thrive Global centers efforts on alleviating stress and burnout, which it sees as a modern epidemic. Arianna Huffington is recognized as a strong advocate for addressing this issue. Her 2014 book, “Thrive: The Third Metric to Redefining Success and Creating a Life of Well-Being, Wisdom, and Wonder”, was a New York Times bestseller.

THE NONPROFITS

Rockefeller Foundation vows to encourage collaborative problem solving in Asia. Deepali Khanna, Managing Director of the foundation’s Asia office, says that collaboration as a means of generating impact will underscore their work in the region for the next few years. A collective mandate for all stakeholders, from philanthropists to corporations to governments, can help streamline deliverables as well as align impact measurement. The Foundation’s Smart Power for Rural Development initiative, worth US$75 million, has helped bring together seven energy companies as well as local and national governments to expand grid systems in a cost effective and decentralized manner.

THE BUSINESSES

Operation Santa Claus raises HK$7.6 million (approximately US$980,000) in Hong Kong. Morgan Stanley, Toys ‘R’ Us, and Swire Pacific are among the many businesses participating in this year’s Operation Santa Claus, an annual charity drive to support the needy in Hong Kong. Over a hundred Morgan Stanley employees participated in various activities to raise a record HK$3.55 million (approximately US$453,000). Toy retailer Toys ‘R’ Us is offering gift-wrapping services in exchange for donations. Individuals can also donate to the drive directly. Operation Santa Claus is a collaboration between the South China Morning Post newspaper and Hong Kong public broadcaster RTHK. Since its inception in 1988, the charity drive has raised a total of HK$290 million (approximately US$37 million).

Corporate social responsibility (CSR) spending in India jumps 14%, and is expected to reach ₹500 billion (approximately US$6 billion) by March 2019. A law requiring companies valued at over ₹5 billion (approximately US$71 million) to spend 2% of average net profits on CSR is bearing fruit. The increase in CSR spending is providing cover to India’s poor, estimated to number north of 170 million. An example is India’s biggest automaker, Maruti Suzuki, partnering with Gujarat-based hospital, Zydus, to set up a polyclinic. In Haryana, Maruti Suzuki has also set up automated water dispensing facilities. Clean water can be purchased from these facilities at one-thirtieth the retail price. Other notable initiatives in fulfilling the CSR law have included an AIDS campaign led by the Tata Group and an agricultural technology program funded by HDFC Bank.

THE INNOVATORS

Millennials are at the forefront of surge in social enterprises in Indonesia. A recent study commissioned by the British Council and the United Nations Economic and Social Commission for Asia and the Pacific notes rapid growth in Indonesia’s social enterprise ecosystem. Over 70% of the sampled enterprises were set up in the last two years, and almost half of all leaders are aged between 25 and 34. This sharp rise in social enterprises is having a positive impact on the economy and society. The number of full-time workers employed by the sector is up by 42% since 2016, and 20% of all enterprises target creative industries (including crafts and knowledge generation) considered key in modern development. Gender equality has also benefited: the growth of social enterprises has led to a 99% increase in the number of full-time females employed by the sector since 2016. Despite this surge, financing remains difficult to access, indicating that efforts to support the ecosystem must continue.

THE VOLUNTEERS

Filipino volunteer crowned Miss Universe 2018. During the final question round of the pageant, Catriona Elisa Gray from Philippines, said, “I work a lot in the slums of Manila and life there is very poor and sad. I have always taught myself to look for the beauty in it, to look for the beauty in the faces of the children, and I would bring this aspect as a Miss Universe to see situations with a silver lining and to assess where I could give something and provide something.” Gray was noted for being an HIV/AIDS advocate at Love Yourself, an advocacy and awareness NGO in the Philippines as well. She has also served as a teaching assistant at Young Focus which provides education to underprivileged children.