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.

Who’s Doing Good?

10 December - 16 December 2018

THE GIVERS

Hong Kong Tatler names top 50 Asian philanthropists. The list features 50 of the most notable Asian philanthropists who have established charities or contributed generously to society through their donations. This year sees Li Ka-shing, Hong Kong’s richest person, topping the list. Through his foundation, Li has committed to donating approximately US$10 billion, a third of his fortune. Other notable philanthropists on the list include Ronnie Chan, Lui Che-woo, and Peter Woo. Chan, chairman of the Hang Lung Group, made the largest donation to Harvard University when he donated US$350 million in 2014. Contributions from these 50 individuals span a variety of domains, including the arts, education, cancer research, disaster relief, and poverty alleviation.

THE THINKERS

Mainstreaming of impact investment necessary to meet funding gap in achieving Sustainable Development Goals. A podcast hosted by Knowledge@Wharton featured observations from Fran Seegull, executive director of the United States Impact Investing Alliance, and Jonathan Wong of the United Nations Economic and Social Commission for Asia and the Pacific. The experts argue that private investment can not only meet the current funding gap, but also do so in a more sustainable fashion. According to Seegull, however, only the right mix of supportive and mandatory policy instruments can encourage this investment. Governments, therefore, must balance providing incentives and simultaneously preventing unnecessary bureaucratic hurdles. Wong adds that greater rigor in measuring social impact can assist governments in creating relevant evidence-based policy instruments, as well as informing and motivating investors with a clearer idea of potential returns.

Ronnie Chan and Ruth Shapiro’s pioneering journey to understand and promote Asian philanthropy. Ruth Shapiro, chief executive of CAPS, credits Ronnie Chan, one of Asia’s leading philanthropists, for his generous support in establishing CAPS. As per the interview published by Hong Kong Tatler, the modern Asian context served a precursor to CAPS. Chan and Shapiro saw that the exponential increase in private wealth across the region brought with it an increasing desire to give back to society. In order to facilitate this growing interest in philanthropy, CAPS launched its inaugural flagship research, the Doing Good Index, which seeks to measure the regulatory, fiscal, and societal infrastructure and ecosystem that makes it easier to “do good.”

Regaining public trust key to businesses and governments meeting societal goals. At two events organized in Singapore by French business school INSEAD, participants agreed that alleviating a rampant trust deficit was essential to creating social impact. The 2018 Edelman Trust Barometer finds that trust in businesses, governments, and media remains dismal, as 60% agree globally that CEOs are driven by greed rather than a desire to “do good.” Singapore’s Minister for Trade and Industry, Chan Chun Sing, recommended that businesses and governments embrace rules-based trading, implement meritocracy, and place societal interests before personal ones to regain trust. Peter Zemsky, deputy dean of INSEAD, argued that training business leaders to understand the relationship between business and society rigorously would also help regain lost trust.

THE NONPROFITS

Habitat for Humanity to raise funds through Indonesia Masters to support tsunami and earthquake victims. Founded in 1976, Habitat for Humanity, an international nonprofit, is serving as the sustainable partner for the 2018 Asian Golf Tour. As part of this partnership, Asian golfers took upon the role of ambassadors during the season to raise awareness about the nonprofit’s work. At the Indonesia Masters, spectators and golf enthusiasts will be able to contribute by purchasing merchandise and participating in charity games. The defending champion of the event, English golfer Justin Rose, has already donated US$50,000 to the nonprofit’s work in Indonesia for rehabilitating those affected by the recent tsunami and earthquake in Sulawesi and Lombok.

THE BUSINESSES

Impact investment asset manager Aavishkaar-IntelleCap Group receives ₹32 crore (approximately US$32 million) in investment from Nuveen, an American asset management firm. Nuveen’s investment will be used by Aavishkaar-IntelleCap to further increase its stakes in its subsidiaries. Nuveen is the investment arm of the Teachers Insurance and Annuity Association (TIAA) and holds over US$950 billion in assets. Aavishkaar-IntelleCap, based in India, is considered one of the world’s largest impact investing firms and offers a range of services including microfinance, equity financing, and consulting. The current investment by Nuveen follows Aavishkaar-IntelleCap’s efforts to raise US$300 million for its fund focused on Southeast Asia, which scouts opportunities in Vietnam, Indonesia, Myanmar, and Laos. Founded in 2001, Aavishkaar-IntelleCap currently manages a portfolio worth US$155 million spanning high-impact businesses at various stages of growth.

Indian personal care company, Himalaya, releases film to raise awareness about cleft-affected children. Titled “Ek Nayi Muskaan” (loosely translated to “A New Smile”), the film documents the story of Munmun, an eight-year-old girl from a village near Lucknow, India. Each year, over 35,000 babies are born in India with cleft lip and/or palate, and fewer than half receive treatment due to ignorance or poverty. Children with this condition are known to face difficulties in eating, breathing, and speaking. The surgery required is considered safe, immediate, and transformative. Munmun is shown in the film to receive support from “Muskaan,” an initiative of Himalaya in partnership with Smile Train, a global nonprofit headquartered in New York City. As part of the initiative, money from every purchase of a Himalaya lip-care product will be donated for this cause.

THE TRUSTBREAKERS

Ex-Malaysian Deputy Prime Minister charged for criminal breach of trust involving charity organization. Beleaguered former Malaysian Deputy Prime Minister Ahmad Zahid Hamidi was found to have misappropriated funds worth RM10 million (US$3.2 million) originally meant for Yayasan Akalbudi, his personal charity organization. The loan was discovered to have been passed to Armada Holdings, a Malaysian conglomerate. The current Criminal Breach of Trust ruling sees the number of charges against Hamidi swell to 46, amounting to a total of RM223 million (approximately US$53 million).

Chinese businessman jailed for running a pyramid scheme in the name of the poor worth RMB 20 billion (approximately US$2.9 billion). Zhang Tianming and 17 other individuals associated with him have been found guilty of running a pyramid and multi-level marketing scheme, which affected nearly six million people. Zhang’s company had lured investors with promises of high rates of return on projects that were meant to help the poor, but had instead paid out early members purely using funds from new joiners, a court investigation found.

Sexual abuse in the Nepali aid sector puts children at risk. The arrest of five foreign aid workers over the last year for alleged sexual abuse of children in Nepal has escalated fears that the country has become a target of pedophiles. These individuals are thought to be working under the cover of aid work or philanthropy. The most high-profile case of this alarming trend is that of Canadian aid worker Peter Dalglish. After spending nearly 20 years helping some of the world’s poorest children, Dalglish was arrested this year, and police found two boys, aged 12 and 14 respectively, inside his residence. Lori Handrahan, a veteran humanitarian worker, opines that these cases are merely the tip of the iceberg, suggesting that more or such incidents are to come and to be revealed.

Who’s Doing Good?

26 November 2018 - 2 December 2018

THE GIVERS

The fund led by Vincent Tan to prevent temple from demolition reaches RM2 million (US$480,000). Vincent Tan has cited Buddhist teachings and a sense of respect for places of worship common to Malaysians for championing the cause of the Seafield Sri Maha Mariamman Temple which is marked for demolition. Through the fund, the land, measuring 0.5 hectares and valued at US$3.4 million, will be bought back from its developer. Tan’s initial pledge of RM500,000 (US$164,000) grew fourfold since the announcement, with contributions from other notable Malaysian high-net-worth individuals. Malaysians interested in contributing can choose from either traditional or electronic banking channels. Crowdfunding via social media has also been proposed. In 2011, Vincent Tan was featured on Forbes‘ “Asia’s Heroes of Philanthropy” list for pledging to donate half of his life’s savings.

THE THINKERS

Pharmacists hold key to revolutionizing heathcare in Southeast Asia but oversight is crucial. Natalia Hendrickson argues that a variety of problems with formal healthcare systems in Asia—for example, long distances and steep costs—have spurred the prominence of pharmacists. But in the absence of formal training and data, complications with dosages and diagnoses are likely to emerge. Hendrickson hails the recent Electronic Drug and Safety System (eDSS) launched in the Philippines as an innovative solution. An average of 23 million pharmacy transactions and patient prescriptions are uploaded to a database in real-time through the application software each month. The Philippines Food and Drug Administration and mClinica, developers of the software, can tap into this rich data to identify and address issues in real-time.

Foundations constantly innovating with regards to impact investing to attract investors. Foundations, namely the Ford Foundation and the Sasakawa Peace Foundation, are increasingly making use of innovative strategies to attract private investors to impact investing, states a podcast hosted by Knowledge@Wharton. One of such strategies is the creation of safety nets for investors. Roy Swan, Director of Mission-related Investments at the Ford Foundation, argues that during a downturn, sovereign wealth funds may not be able to guarantee a 25% return on market-rate housing, but the same money, invested in affordable housing during such a downturn, can be safely predicted to generate returns of about 8%. The Sasakawa Peace Foundation, too, is experimenting with “blended finance,” which combines development finance and philanthropic funding.

THE NONPROFITS

Global health nonprofit, PATH, partners with Vietnam’s Ministry of Health and United States Agency for International Development (USAID) to launch key steps for HIV prevention. Pre-exposure Prophylaxis (PrEP) services have been launched nationwide in Vietnam to help individuals at risk of HIV infection. By taking a pill every day, PrEP has been known to reduce the risk of infection by 92%. The nationwide roll-out of the service was preceded by pilots run in 2017 in collaboration with various nonprofit organizations. Vietnam is the second Asian economy to implement such a program after Thailand, which did so in August this year. The nonprofit organization at the center of this service, PATH, works to accelerate health equity through cross-sector collaborations.

Charity concert in Singapore raises SG$2 million (approximately US$1.5 million). In its 14th edition this year, the charity concert, ChildAid, involved over 140 participants aged five to 19 who sang and danced to help other children in need. The event was directed by Singaporean singer Dick Lee and involved revisiting pop music from the last 60 years. This year’s collection takes the total amount raised by the event since 2005 to SG$18 million (approximately US$13 million). Money raised by the event is channeled to The Straits Times’ School Pocket Money Fund and assists disadvantaged children with expenses such as food and transport.

THE BUSINESSES

J. Walter Thompson and Tata Pravesh release “The Positive Move” on World AIDS Day. The digital film chronicles the individual stories of HIV-positive teenagers who had to face social exclusion but refused to let that hinder them. The teenagers went onto start “Café Positive,” Asia’s first café run independently by HIV-positive staff members in Kolkata, India. A local nonprofit, Organization for Friends, Energies, and Resources (OFFER), supported the creation of the film. Speaking at the release of the film, Vijay Jacob Parakkal, senior vice president and managing partner at J. Walter Thompson, said, “We found the Café Positive story of grit, determination, and acceptance by people very touching. It does open our doors of perception.”

Nihon Kohden donates portion of sales proceeds to the American Epilepsy Society (AES). For the 10th consecutive year, Nihon Kohden, a major Japanese manufacturer of medical electronic equipment, has donated sales proceeds from one of its machines to the AES. This year’s donation takes the total amount donated by the manufacturer to the AES across the decade to over US$250,000. The AES has been allowed to fund research into significant areas such as the connection between epilepsy and traumatic brain injuries through these donations.

Dai-Ichi Life Insurance invests ¥100 million (approximately US$890,000) in Tokyo-based Molcure. In its seventh impact investment in 13 months, Japan’s third-largest insurance company, Dai-Ichi Life, has invested in Molcure, a Tokyo-based biotechnology firm. The firm is developing what will be the world’s first antibody discovery platform based on machine-learning. Pharmaceutical companies will be allowed to develop drugs that identify antibody candidates quicker. Dai-Ichi Life Insurance, which cited Molcure’s “positive social impact” as a motivator, is a pioneer in the impact investing space in Japan. Since October 2017, it has invested a total of ¥2.2 billion (approximately US$1.9 million) in seven impact investment deals.

THE INNOVATORS

Priyanka Chopra and Facebook come together for #SocialForGood. Actress and celebrity Priyanka Chopra and Facebook joined forces to host a live fundraising event to encourage individual donations for various social causes. Named #SocialForGood, the Live-athon event received 15,244 donations, which is more than a single donation per second, in four hours from more than 57 cities. Speaking about the event, Chopra said, “It was an amazing day, and I am overwhelmed by the support we have received not just from our panelists and performers, but also from all those who tuned into the Live-athon. The conversations were insightful and impactful, and what made the day a success was the number of donations received for each of these important causes. It showed that we care and that we can use #SocialForGood.”

The world’s largest crowdfunding platform for impact investing raises US$1.5 million for solar energy business. Freyr Energy, an Indian solar solutions firm, has closed a US$1.5 million fundraising round through Impact Partners, the world’s largest crowdfunding platform for impact investing. Impact Partners brought together a consortium of global investors, including the Netherlands-based C4D Partners and India-based angel investors. According to the Impact Investment Exchange’s assessment, funding will expand access to reliable and affordable solar energy to 2,275 households and 2,975 businesses, enable 675 off-grid rural villages to enjoy electricity for the first time through micro-grids, and avoid 167,270 metric tons of carbon dioxide emissions by 2022.

THE VOLUNTEERS

Indian Navy commander and captain win Asian of the Year award for Kerala flood rescue. Commander Vijay Varma and Captain P Rajkumar, both pilots, were honored at The Straits Times’ “Asian of the Year” awards for their death-defying rescue flying during the Kerala floods earlier this year. Varma, 42, winched up a heavily pregnant woman who gave birth just after being airlifted to safety, while Rajkumar, 54, rescued 26 people up from a rooftop in the port city of Kochi. A video of Varma’s rescuing of the pregnant woman went viral on social media.

THE TRUSTBREAKERS

Abraaj founder gets a lifeline amidst scandals and a good reputation tarnished. In recent months, Abraaj Group fell from being a respected US$14 billion impact investing powerhouse to a company offered a buyout of just US$1, additionally facing a scandal at a key lender. Facing a pressing liquidation demand from a Kuwaiti lender, Abraaj Group, fortunately, received an extension order from the Cayman court, so that it may devise a restructuring proposal over the next three months. The decision saves Abraaj investors from years of lawsuits and advisor fees. One investor said, “The fact that the court ruled in favor of an extension despite attempts to derail it means there is hope.” Had the court denied the request for a moratorium, Abraaj would have been forced to liquidate its assets at steeper discounts, seriously hurting creditor recoveries. Meanwhile, Abraaj founder, Arif Naqvi, is reported to have spent the last nine months talking to his biggest creditors, portfolio companies, and other stakeholders.

Who’s Doing Good?

19 November 2018 - 25 November 2018

THE GIVERS

Michael Bloomberg makes record US$1.8 billion donation to The Johns Hopkins University, marking the largest contribution to a private educational institution in modern history. Michael Bloomberg’s donation has allowed his alma mater, one of the world’s leading private universities in the world, to adopt need-blind admissions forever. Bloomberg announced the donation through an opinion editorial for The New York Times in which he added that his own fortunate access to the university motivated him. As the son of a bookkeeper, it was only through a loan that he was able to afford the university’s elite education, Bloomberg wrote. For him, college education is a “great leveler” and providing an equality of opportunity to access it may be the best form of private social investment today.

Hyosung chairman Cho Hyun-joon supports rehabilitation program for families with disabled children. Hyosung executives and employees took a trip with the families of disabled children as part of a rehabilitation program in partnership with the Purme Foundation, a nonprofit organization founded in 2005 to support the independence and rehabilitation of disabled individuals. The effort follows six years of continued support by Cho for the rehabilitation of disabled children. By coming together as part of the initiative, families who otherwise find it hard to enjoy such trips were able to spend quality time outside their homes.

THE THINKERS

Asia inches closer to realizing its potential as wealthy investors actively pursue philanthropy. Asian High Net Worth Individuals (HNWIs) have hesitated to engage in philanthropy in the past due to a lack of clear regulations and lack of trust from scandals involving charities. This hesitation represents an enormous missed opportunity: Asian philanthropists are capable of giving eleven times more than the US$45.5 billion they give right now. However, recent cases of high-profile CEOs retiring to pursue philanthropy full-time provides hope. Alibaba’s Jack Ma and Hong Kong billionaire Li Ka-shing are inspiring their peers in the region and could help Asia realize its true philanthropic potential.

Michael Bloomberg’s record-breaking donation does little for students most at risk, argues author. In the wake of Bloomberg’s recent US$1.8 billion donation to The Johns Hopkins University, Helaine Olen argues that the money could have been spent better. The recipient university admits only 10% of its undergraduate applicants, and only a tiny fraction are first-generation or minority students. Olen suggests Baruch College, a public institution, as a direct contrast that provides education to a significant number of low-income and minority students. However, recent budget cuts and declining official support for Baruch College have contributed to declining standards and infrastructure. Olen concludes that Bloomberg’s donation is situated within the trend of “top-heavy” philanthropy, whereby the giver’s own interests are the chief driver of such mega-donations.

Doing Good Index 2020 will ascertain effectiveness of Myanmar’s attempts to catalyze philanthropy. The Myanmar Centre for Responsible Business has partnered with CAPS to study the country’s philanthropic ecosystem. Data collected from social delivery organizations and relevant experts will determine whether policy instruments have assisted in increasing philanthropic activity or streamlined processes for social delivery organizations. The study’s pan-Asian approach will allow Myanmar’s performance to be compared to that of its Asian peers, creating invaluable insights for stakeholders such as policymakers. Myanmar was found to be not doing enough to encourage philanthropy and charity in the index’s first iteration in 2018.

THE NONPROFITS

Tata Trusts and Tata Football Academy partner with Atlético Madrid to develop football in India. The Tata Trusts, India’s oldest philanthropic organization, has partnered with the Spanish football giant to further its extensive youth development portfolio. The partnership will provide expert coaching to budding footballers and training on all aspects of football such as video analysis and strength training. Talented players will also partake in a residential program in Madrid, Spain. The Tata Trusts has been an active contributor to the global sport in India, managing over 80 training centers, producing 24 members who served as national team captains across different age groups, and boasting a winning record in various tournaments in the country.

THE BUSINESSES

India’s “solar gal pals” bring clean, renewable energy to rural homes and fight patriarchy. Indian social enterprise Frontier Markets is on a mission to promote the use of clean energy products. The social enterprise does so by placing women at the center, helping them receive training and serve as entrepreneurs who persuade families in remote villages to adopt solar energy. One of such “Solar Sahelis” (or “friends of solar power”), Bassi from Rajasthan is profiled in the story. Through her work with Frontier Markets, Bassi sells rugged solar torches to families, earning up to US$28 per month. This income has helped women such as Bassi to command greater share in household decisions amid a deeply patriarchal social fabric. To date, “Solar Sahelis” have earned more than US$2.5 million and reached over 500,000 homes.

THE INNOVATORS

Bill & Melinda Gates Foundation partners with Japan Sports Agency to promote Sustainable Development Goals (SDGs) at Tokyo 2020 Olympic Games. The initiative named “Our Global Goals” will involve using the Tokyo 2020 Olympic Games as a platform for raising awareness of the 17 SDGs listed by the United Nations. These goals cover areas such as education, climate change, poverty, economic development, and clean water. Speaking at a press conference, Bill Gates, co-chair, and trustee stated that the global love for sports can be channeled to develop interest in the challenges faced by the world. The Tokyo 2020 Olympic Games are expected to attract over 11,000 athletes from over 200 nations.

THE VOLUNTEERS

Support campaign for wartime sex victims led by fans of K-Pop band goes viral. Fans of the globally popular group, BTS, donated generously to help elderly Korean women who had been forced to serve as “comfort women” in World War II. Responding to a controversy involving a shirt worn by member Jimin, fans began channeling small individual donations to the House of Sharing, a shelter for wartime sexual slavery victims in Korea. The organic campaign spread largely over social media outlets such as Twitter and Instagram and has led to donations totaling US$3,300 and counting in just a single weekend. The House of Sharing provides individual rooms to former “comfort women,” as well as three meals through the facility’s own restaurant. Ahn Shin-kwon, head of the shelter, said their organization was overwhelmed by the flurry of incoming donations.

Who’s Doing Good?

12 November 2018 - 18 November 2018

THE GIVERS

Forbes releases “2018 Heroes of Philanthropy,” shedding light on Asia’s leading do-gooders. In its twelfth iteration now, Forbes’ “2018 Heroes of Philanthropy” highlights entrepreneurs, executives, and celebrities who have made considerable philanthropic contributions in the previous year. With a total of seven representatives on the 40-member list, India and China have produced the highest number of “heroes,” while Singapore, Korea, Taiwan, and Australia follow with three to four members each.

Elderly couple in Korea donates millions to Korea University to fund scholarships for students in need. Kim Yeong-seok and Yang Young-ae have decided to make a property donation worth ₩40 billion (US$35.3 million) to Korea University for funding need-based scholarships. After the announcement of their donation, many expressed their concern over whether the university might misuse the funds for its own gains, but university officials clearly stated that they will make sure the money goes to students in need. “All the income from the building will be used to give scholarships to students in need. We all know how hard it was for the couple to accumulate such wealth, which is why we will make sure that no penny goes to waste,” said Yoo Byung-hyun, vice president for development, external affairs, and capital planning at Korea University.

Singaporean university gets SG$4 million gift from late philanthropic couple. Nanyang Technological University (NTU) in Singapore is the latest institution to benefit from a late elderly couple who had donated millions of dollars to several charitable causes. The SG$4 million (approximately US$2.9 million) gift will help fund NTU’s development of teachers, with the introduction of scholarships for master’s degrees and grants for trainee teachers at the university’s National Institute of Education. The scholarships will be named after the couple: Mr. Ong Tiong Tat, 74, who died in 2013, and Madam Irene Tan Liang Kheng, 73, who died in 2016.

THE THINKERS

Trust deficit to blame for the slow growth of Indonesia’s social sector. Billionaires in Indonesia continue to enjoy enormous growth in wealth in spite of economic downturns, but philanthropy, on the other hand, has not taken off, highlighted Ruth Shapiro, founder, and chief executive of CAPS. According to Shapiro, who spoke as a panelist at the Indonesia Philanthropy Festival, the trust deficit between givers and charitable organizations is primarily to blame. Unlike the private sector, the entire charitable sector is painted as corrupt in the wake of major public scandals, and a lack of purported transparency can often reflect capacity constraints and not actual corruption. Shapiro also stated that Indonesia’s unsupportive regulatory environment is an additional impediment.

THE NONPROFITS

Pakistani nonprofits face funding squeeze and delays in approvals as state paranoia peaks. According to the author, the Pakistani government, in its recent condemnation of the entire social sector, has failed to differentiate between legitimate social service providers and those involved in terrorism financing. For the government, nonprofits are increasingly viewed as fronts for international “agents” with “ulterior” motives. The ensuing clampdown has involved making it difficult for charities to access financing and to obtain government approvals for projects. This article paints a bleak picture for Pakistan and its social sector, as this tightening slows the country’s progress in core development areas such as education and health.

THE BUSINESSES

The Business Times releases “Champions of Good 2018.” Through a seven-part series, The Business Times spotlights best practices in volunteering and philanthropy from Singapore. Some of the areas covered by this wide-ranging series include CSR programs which tap into companies’ skills and resources to drive change and impact measurement as a tool to learn and refine social work. Across these seven articles, a myriad of organizations—mostly corporate, as well as nonprofits—are studied and showcased as role-model examples of doing good.

UNIQLO partners with International Rescue Committee (IRC) and Sesame Workshop to support refugees. Under this proposed partnership, customers at UNIQLO outlets will be able to shop for “Cards for Hope,” which are special greeting cards that feature artwork by Syrian refugee children in Lebanon. All proceeds will be channeled towards the Sesame Workshop and IRC’s early childhood development programs in Iraq, Jordan, Lebanon, and Syria. Promotional campaigns seeking to raise awareness of the grave humanitarian crises surrounding refugees will also be conducted through drawing workshops at UNIQLO outlets participated by elementary school groups and Sesame Street characters.

THE INNOVATORS

Alipay launches “Social Innovation Challenge” in partnership with the National University of Singapore (NUS) Enterprise. The initiative seeks to attract, promote, and support digital technology innovations geared towards social good in Southeast Asia. As part of the challenge, individual innovators and entrepreneurs will receive up to SG$50,000 (approximately US$36,000), as well as a complete suite of support services from mentoring to acquiring access to potential investors. Ant Financial, the parent company of Alipay, and NUS Enterprise, the entrepreneurial arm of one of Asia’s leading universities, have committed in a joint effort to tap into their rich networks and share their resources in order to support aspiring entrepreneurs focused on creating positive social impact. 

Hong Kong Tatler lists five impact funds and ventures that contribute to social well-being. First, on the list, The Rise Fund was setup by TPG, the world’s biggest private equity firm. The fund is worth US$2 billion and makes investments in areas such as education, healthcare, and energy. Hong Kong Tatler also features a sustainable rubber plantation in Indonesia worth US$95 million and owned by Michelin and Indonesia’s Barito Group. Responsible meat producers such as Impossible Foods and companies in the electric vehicle sector also made the cut.

THE VOLUNTEERS 

Japanese teen volunteers and funds library in Cambodia. Miyu Ozawa, now 16, saved every New Year’s gift money and decided to use the collected funds for a good cause. Having spent her spring vacation following her graduation from junior high school, she worked as a volunteer on a 10-day tour in Cambodia, where she helped with classes at a primary school. After returning to Japan, Ozawa began thinking about building a library in Cambodia because it appeared that while the country had schools, it did not have enough teachers or teaching materials. “Books will give you a first step for studying on your own,” said Ozawa.

THE TRUSTBREAKERS

Arrest of fake Chinese monk in Myanmar highlights the increase in sham begging. Ashin Dhamma Rakhita, associated with the Guan Yin San Tart Pain Temple in Yangon, Myanmar, has stated and clarified that monks do not and should not engage in commercial activities or ask for donations. In recent days, individuals in the garb of monks have appeared in markets, schools, and restaurants in Yangon, publicly asking for donations and selling beads. Videos on social media of their activities have also been doing the rounds. As a result, authorities have arrested one such trickster, while a few have returned to China.

Who’s Doing Good?

1 October 2018 - 7 October 2018

THE GIVERS

China’s first female paratrooper donates life savings to hometown. Ma Xu, 83, participated in the Korean War in 1950 and then trained as a military doctor. She then joined the then newly formed Chinese airborne troops in 1961 as a medical supporter, after which she was trained as the country’s first female paratrooper. Throughout her career, she was honored with several medals and made several records, including becoming the country’s first female paratrooper, a female paratrooper with the most parachute jumps, and the oldest female paratrooper to parachute. Since retiring, she has set her mind to donate over 10 million yuan (US$1.5 million) to Mulan County for educational, cultural, and charitable purposes.

American family foundation pledges US$5 million to disaster relief, including Asia. The Micky and Madeleine Arison Family Foundation, based in the United States, has pledged US$5 million to support disaster relief efforts in North and South Carolina, the Philippines, and Indonesia. The donation will be immediately made to Save the Children and Direct Relief to support the most timely and urgent relief needs, as well as the long-term recovery strategy.

THE THINKERS

Forbes’ new 400 ranking methodology to now include philanthropy score. For the first time, Forbes 400 members (American) will be ranked not only on their total wealth and on how self-made they are, but also on their philanthropic generosity. The philanthropy score will be on a scale of 1 to 5, with 5 being the most philanthropic. For those whom Forbes was not able to find any information of charitable giving, they received an N.A. (not available). To come up with the scores, Forbes journalists estimated each list member’s total lifetime giving and looked at what percent of their fortune they had given away. Some individuals were then bumped up or down based on other factors such as whether they had signed the Giving Pledge, whether they had pledged significant donations, how personally involved they were in their charitable giving, and how quickly and effectively their private foundations distributed funds.

Two university professors discuss why charities are accepting increasing amounts of Bitcoin. In this article, Philip Hackney, Associate Professor of Law at the University of Pittsburgh, and Brian Mittendorf, Professor of Accounting at The Ohio State University, discuss why nonprofit organizations in the United States have begun to accept increasing amounts of Bitcoin and other forms of cryptocurrency, as well as addressing other relevant issues and implications. Most notably, the two scholars emphasize the tax benefits that come with donating appreciating non-cash financial assets that may cost governments more in tax deductions than it raises in actual donations.

THE NONPROFITS  

Singapore Red Cross and Mercy Relief launch fundraising appeals. The Singapore Red Cross (SRC) and Mercy Relief, Singapore’s homegrown humanitarian nonprofit organization, are making fundraising appeals to the public to aid the victims of the earthquake and tsunami that recently struck Central Sulawesi, Indonesia. The SRC has pledged SG$50,000 (approximately US$36,000) in humanitarian aid to support affected communities. The SRC and Mercy Relief are also planning to send an advance response team to conduct ground assessments and support the Indonesian Red Cross Society and to distribute relief supplies to displaced families.

Pakistani government orders international nonprofits to end their operations and leave the country within 60 days. ActionAid, one of the 18 charities affected, said the move was part of a “worrying escalation of recent attacks on civil society” in Pakistan. Since the 2011 discovery of a fake vaccination program run by the Central Intelligence Agency aiming to track down Osama bin Laden, nonprofits have been viewed with suspicion and wary by the country’s intelligence services. ActionAid and other international nonprofits were similarly ordered to leave the country at the end of last year in 2017 but were allowed to stay upon appeal and following pressure from Western governments. For the recent order, subsequent appeals have been unsuccessful.

THE BUSINESSES

Korean firms offer aid for earthquake-hit Indonesia. Joining international efforts to help rebuild Indonesia after the earthquake and tsunami that hit Sulawesi, Indonesia, a group of Korean businesses have offered to make donations to support relief efforts. Most recently, Hyundai Motor Group and KT&G Corporation said it will donate US$500,000 and US$88,700, respectively. Other donations include a US$199,000 donation from the retail conglomerate Lotte and a US$300,000 donation from the SK Group.

Apple donates US$1 million to disaster relief efforts in Indonesia. To support relief efforts after the devastating 7.5-magnitude earthquake and subsequent tsunami in Sulawesi, Indonesia, Apple announced its donation of US$1 million. On October 2, 2018, Apple CEO Tim Cook stated in his tweet, “Our hearts go out to the people of Sulawesi and all of Indonesia after this weekend’s devastating earthquake and tsunami. Apple is donating $1 million to aid relief efforts as this beautiful country starts to rebuild.” 

THE INNOVATORS

Southeast Asia found to be the top destination for impact investments. Southeast Asia has seen a significant increase in impact investments in recent years, according to the Global Impact Investing Network (GIIN). Private impact investors—fund managers, family offices, pension funds, and other types of private capital—poured nearly US$1 billion into the region from 2007 to 2017, while development finance institutions deployed US$11.2 billion. Indonesia, the Philippines, and Vietnam were the three largest markets in the region, having attracted 60% of the capital deployed. A key theme in the region is poverty alleviation. “In many countries in the region, large swathes of the population live below the poverty line. So, the provision of basic services, such as clean energy, affordable housing, healthcare, and financial services, is a core focus of impact investors,” said GIIN’s director of research Abhilash Mudaliar.

Singaporean private bank focuses on environmental, social, and governance (ESG) investing to win over Asia’s next-generation clients. According to Marc Lansonneur, Managing Director and Head of Managed Solutions, Balance Sheet Products and Investment Governance in the Wealth Management group, DBS Bank is increasingly providing ESG investing solutions and services to its current and future next-generation high-net-worth clients, who are expressing interest in this form of investing. In fact, Lansonneur stated that DBS has assembled considerable evidence that companies that perform well in ESG tend to also show higher profitability, higher dividend yield, and lower idiosyncratic tail risks, demonstrating that doing good can lead to doing well financially.

THE VOLUNTEERS

On Children’s Day, Singaporean children do good for one another. “Children for Children” is a day of giving and doing good by children for children. It is an annual fundraising and charity event jointly organized by The Business Times, CHIJ (Kellock), and The Rice Company Ltd. Since 2008, it has brought more than 10,000 children under the Ministry of Education’s financial assistance scheme to various iconic destinations throughout the city. This year, 1,000 children benefited from the program, and a total of SG$337,793 (approximately US$243,000) was raised. Shuanne Seah, 10, who was part of the musical’s choir, said, “We’re doing this for a cause, so all the effort is worth it. We want to use our gifts to help others achieve their dreams.”

THE TRUSTBREAKERS

“Voluntourism and the white savior complex: travelers may be doing more harm than good.” Mercedes Hutton, the article’s author, argues for a different perspective on the increasingly popular trend of “voluntourism,” a form of traveling to other countries and communities in need for volunteer work. Although the seemingly more hands-on voluntourism may appear to be better than “slacktivism,” supporting a cause without moving from the comfort of the couch, Hutton claims that there are challenges, weaknesses, and gaps in this form of doing good. For example, in regards to the popular package of traveling to orphanages in developing economies, the author cites The Guardian to point out that “there is no such thing as a ‘good’ orphanage,” suggesting that children simply do best by being in a family instead of staying at an orphanage. Another point pertains to the lack of qualified individuals who usually partake in these kinds of programs and packages, with most of them being pre-college gap-year high school students and fresh college graduates. Perhaps, from the author’s standpoint, donating on one’s couch at home, yet doing so more deliberately and strategically, may be more efficient than rolling up one’s sleeves to do volunteering for those in need.