Who’s Doing Good?

15 April 2019 - 28 April 2019

THE GIVERS

Next-generation Asian philanthropists take an innovative approach to family foundations. Out of 146 countries and territories studied for the Charities Aid Foundation’s World Giving Index 2018, Hong Kong ranked 18th for charitable donations. Hong Kong family charities and foundations have long been generous givers, and the next generation is becoming more engaged and strategic in family giving. Cynthia D’Anjou-Brown, head of philanthropy and family governance advisory services at HSBC Private Banking, states, “Most younger donors don’t want to be seen as a money machine. They want to bring their skills and abilities to the table.” These second- and third-generation philanthropists are moving their family foundations beyond check-writing and underscoring a larger trend of a growing formalization of philanthropy in Hong Kong.

China increasingly a nation of givers through online and mobile platforms. Chinese philanthropy has grown and evolved significantly over the past decade, exemplified by the total amount of domestic giving quadrupling from 2009 to 2017. While a total of US$3.3 billion in public donations have been made by China’s top 100 philanthropists, ordinary individuals have become vital contributors through the expansion of digital payment platforms and artificial intelligence. Through popular online and mobile payment platforms like Alipay, users have easy access to various philanthropic activities including donating second-hand items, donating blood, and planting trees. With this expansion, it is critical that online and mobile platforms improve supervising mechanisms and enhance cross-platform collaboration to strengthen, manage, and prevent crises that could damage public trust in the charitable sector.

THE THINKERS

New report highlights Asia’s growing interest and momentum in sustainable finance. Although Asia historically lags behind global counterparts in social investment, innovations are emerging throughout the region. The past decade has seen more institutional investors broaden their portfolios, governments establish social investment funds and enact supportive legislation, and corporations engage in impact investing and social enterprise mentoring. This momentum is driven by recent developments such as the growth of the green bond market, the issuance of green sukuks, and the support of ESG funds by governments across the region. While Asian businesses, governments, and investors are becoming increasingly sophisticated in their impact initiatives, they must collaborate to address multidimensional challenges and to catch up with more developed markets such as the United States and Europe.

THE NONPROFITS

Hong Kong nonprofits building transitional homes to be exempted land charges. In an effort to lessen the financial burden on nonprofits and to encourage more community-initiated transitional housing projects, the Hong Kong government recently announced that charities that build transitional homes on private plots will be exempted from paying hefty land charges. According to the government statement, HK$2 billion (US$225 million) is also being set aside to support nonprofits in building transitional housing, and concessions will be given for other sites suitable for building transitional homes, such as vacant government sites and disused government premises. In Hong Kong, where the wait for public rental housing can be up to five-and-a-half years, transitional homes play a critical role in providing temporary relief for people stuck in poor living conditions.

THE BUSINESSES

Aloke and Suchitra Lohia speak with CAPS’ Chief Executive, Ruth Shapiro, on the launch of their IVL Foundation. Aloke Lohia, founder and CEO of Indorama Ventures (IVL), transformed a modest family business into a multi-billion-dollar international corporation. In addition to being one of the world’s largest manufacturers of wool, yarn, and polyester, Indorama is also one of the world’s largest recyclers of plastic and leverages its global operations to promote the circular economy. In conversation with Ruth Shapiro for Hong Kong Tatler, Bangkok-based tycoons Aloke and Suchitra Lohia discuss the company’s initiatives supporting education, economic development, women’s empowerment, healthcare, and social enterprises. Through the IVL Foundation, the couple aims to further create meaningful change through strategic philanthropy that amplifies impact and spreads value throughout the company and the communities they work with.

Japan-based Kao Corporation announces new global ESG strategy. Kao Corporation, whose brand portfolio includes Bioré, Goldwell, Jergens, John Frieda, and Molton Brown, recently announced its new global ESG strategy to promote a more sustainable way of living. The corporation’s “Kirei Lifestyle Plan” has set three bold commitments supported by 19 detailed leadership actions for the business to deliver by 2030. Kao aims to build upon the success of past initiatives, such as the adoption of refills and replacement packaging and the development of more compacted formulas, which together reduced the company’s plastic use in its packaging by 93,100 tons in 2018. For five years running, Kao has been selected for inclusion in the Dow Jones Sustainability World Index.

THE INNOVATORS

Jakarta-based investors weigh in on the difference between impact investors and traditional VCs. While tech-focused startups have the potential to create jobs and improve social welfare, there is debate on whether venture funds that invest in these startups should be labeled as social impact funds. There is difficulty in demarcating the boundaries of impact investors and VCs, but some practitioners encourage impact investors to differentiate themselves by justifying why they use that label, providing advice on measuring and monitoring impact, and investing where other people are not to close funding gaps. David Soukhasing, managing director at ANGIN, Tanisha Banaszczyk, investment manager at Convergence Ventures, and Melisa Irene, partner at East Ventures, weigh in on key characteristics that distinguish impact funds from their VC counterparts.

THE VOLUNTEERS

Healthcare workers, caregivers, and volunteers awarded for their work in Singapore. At the 16th Healthcare Humanity Awards organized by The Courage Fund, 83 people were recognized for their work in taking care of the sick and elderly in Singapore. One of the four categories recognizes volunteers who provide care or commit personal time to helping the nominating healthcare, social, and community care organizations. From fundraising by running ultra marathons to helping sailors with physical disabilities, the work of local volunteers was celebrated at the ceremony, and medals and cash awards were given by Singapore’s President Halimah Yacob and Health Minister Gan Kim Yong.

THE TRUSTBREAKERS

Former mosque chairman jailed for siphoning SG$371,000 in donations. A former chairman of a mosque management board in Singapore was sentenced to jail for two years and three months for siphoning around SG$371,000 (approximately US$300,000) from donations over seven years. While delivering the sentence, District Judge Ong Chin Rhu highlighted that the use of the money was perhaps the most controversial aspect, as the former chairman had used some of the donations to pay off personal expenses and donated other large sums to charities for which he worked for and drew a monthly salary from. The judge underscored the detriment of any crime involving the misuse of charity funds and its consequent of public distrust in the charity sector as a whole.

Who’s Doing Good?

8 April 2019 - 14 April 2019

THE GIVERS

GS Group makes US$400,000 donation to help victims of recent Gangwon wildfire. In line with the GS Group chairman’s commitment to corporate social responsibility, GS Group affiliates have been engaging in various partnerships to address social needs. Last year, GS Retail signed a memorandum of understanding with the Ministry of the Interior and Safety to annually donate relief supplies worth ₩50 million (approximately US$40,000) and to transform GS25 convenience stores into emergency shelters during natural disasters. GS Retail quickly responded to the Gangwon wildfire that broke out earlier this month, teaming up with other relief organizations to provide emergency supplies to those who suffered from the wildfire. GS Group made an additional contribution to relief efforts with a ₩500 million (US$400,000) donation to Community Chest of Korea, the country’s largest welfare institution, to support the victims.

Xiaomi founder Lei Jun to give nearly US$1 billion to charity. The founder and CEO of Xiaomi, Lei Jun, is receiving a bonus of more than 636.6 million shares for his eight years of contributions to the company. The Chinese smartphone maker went public in Hong Kong in 2018, and based on the stock’s current price, Lei Jun’s shares amount to approximately US$961 million. Last Wednesday, Xiaomi stated in a regulatory filing that Lei Jun promised to donate all the shares to charitable purposes. This comes weeks after another fresh bequest of shares, worth around US$7.5 billion, was made by Wipro’s chairman, Azim Premji, to his philanthropic initiatives.

THE THINKERS

Indian philanthropy still faces limitations, but leaders in the field can pioneer change. Education programs continue to receive the majority of philanthropic funding in India, and some analysts have suggested that too much philanthropic funding has been going to the education sector to the exclusion of other important social issues, such as violence against women. However, the growing philanthropic infrastructure augurs well for enhanced information about and transparency of the nonprofit sector, allowing for underrepresented nonprofits to access more partnerships and opportunities. Leaders in the field, including academic centers such as The Center for Social Impact and Philanthropy at Ashoka University and prominent foundations such as the Azim Premji Foundation, are positioned to drive the discourse on more inclusive and impactful philanthropy.

THE NONPROFITS

Social impact app, TangoTab, launches at Singapore’s first food bank community event.  Founded in 2012 by entrepreneur Andre Angel, TangoTab is an app designed to serve the food-insecure, and it has donated over three million meals to partners in the United States. TangoTab has partnered with The Food Bank Singapore (FBSG), a registered charity that coordinates food donations with its network of over 300 nonprofits. The app was launched last week at Singapore’s first food bank community event, which fed 1,000 people. Every time a diner checks in to a partner establishment on the app TangoTab will make a donation to FBSG to feed a person in need. As studies show that seven in ten Singaporeans dine out for dinner and one in ten go to bed hungry every night, TangoTab will help the city take a step forward in assisting the food-insecure through its meal-for-a-meal platform.

THE BUSINESSES

Hilton Hotels Malaysia gives back to society. In a recent interview, the regional general manager of Hilton Hotels Malaysia, Jamie Mead, shared details of the group’s CSR initiatives that focus on education, youth development, and going green. Mead also highlighted the focus on functional CSR such as the hygienic recycling system implemented to avoid wasting the thousands of soaps that are thrown away every day. Of the ongoing CSR initiatives, Mead highlights the partnership with SK La Salle 2, Jinjang, to be especially meaningful to him as the close-knit relationships between the children studying at the school and the Hilton Hotels Malaysia volunteers greatly inspired him to continue giving back.

Tata Power trains farmers on sustainable agriculture. Exhibiting its commitment to the social development of local communities, Tata Power, India’s largest power generation company, recently trained over 950 farmers in 42 villages on sustainable farm practices. Under the Sustainable Agriculture Programme, landholding farmers were taught the best agricultural practices for staple crops, vegetables, and cash crops. The program also trained landless farmers to cultivate vegetables in their courtyards through a vertical farming program, helping tribal farmers in remote areas both raise their income and lead a healthier lifestyle with increased access to fresh vegetables.

Tata Trusts and Microsoft partner to empower handloom weaving communities. In an effort to rejuvenate handloom communities in the eastern and north-eastern parts of India, Tata Trusts and Microsoft will leverage each other’s strengths to provide business and communication skills, design education, and digital literacy to handloom weavers. The training will be delivered through Microsoft’s Project Sangam, a cloud solution for large-scale training programs with adaptive streaming and offline-mode learning, which empower communities to learn anytime and anywhere. In partnership with Tata Trusts, Microsoft aims to expand the program to the grassroots level and help weaving communities build a sustainable future. The chief program director of Tata Trusts stated, “Through this initiative, we want to empower artisans and bring them up to par making them competitive in the industry.”

THE INNOVATORS

BPI Foundation searches for promising social enterprises in the Philippines. The social innovation arm of the Bank of the Philippine Islands, BPI Foundation, has announced the launch of BPI Sinag Year 5. To widen the scope of its competition this year, BPI Sinag will hold roadshows in Davao, Iloilo, Pampanga, and Laguna. At each stop, social entrepreneurs will have the opportunity to present a seven-minute business pitch, and the top 40 most promising social enterprises will win an opportunity to participate in a boot camp that will include training on business strategy, marketing, operations, finance, organization, and human resources development. Ten social enterprises with the most promising business viability and social impact will be named as awardees of BPI Sinag, with the top one to five receiving PHP 500,000 (approximately US$10,000) and the top six to ten receiving PHP 100,000 (approximately US$2,000) in grants.

Asia Pacific region found to be the most optimistic on the future of ESG investing. A global survey by BNP Paribas of 347 institutional investors who have US$23 trillion in assets under management found that despite lagging behind other regions on sustainable investing, the Asia Pacific region is the most optimistic on the future of ESG investing. While the survey showed that Asia Pacific institutional investors only allocated 15% of funds to ESG investment, falling short of the 18% global level, over half of Asia Pacific investors stated that they would allocate up to 75% of their funds towards ESG by 2021. As green investment gains traction, the region is also set to see new job opportunities emerge as around 50% of Asia Pacific institutional investors plan to hire external ESG specialists, while only 34% of global counterparts expect to do the same.

THE VOLUNTEERS

Youth volunteers in Bangladesh lead the way on climate action. Bangladeshi State Minister of Youth and Sports, Zahid Ahsan Russel, recently participated in an interactive roundtable, “Youth 2030: Working with and for Young People,” organized by the United Nations in New York. At the event last Tuesday, the state minister commended the nation’s young volunteers, stating, “The youth, especially the volunteers, have been instrumental in Bangladesh’s efforts on disaster risk reduction in early warning of the cyclone and emergency evacuation, effectively reducing deaths and injuries from natural disasters.” The state minister also highlighted the leading role of youth in not only volunteering efforts, but also in taking charge of on-the-ground climate action and social media campaigns against climate change.

未来的回报:高等教育奖学金(摘录)

教育事业十分重要——纵观亚州公益捐助的资源投放取向,这则讯息清晰而明确。

此份摘录的内容取自首份探索亚洲民间设立奖学金的效用研究。这类研究是亞洲公益事業研究中心(CAPS)的专长,研究能够提供即时、有用的资讯给奖学金的捐款者和管理者。

我们的研究证实,奖学金对其获奖者、其社区和国家产生重要的回报。CAPS的研究者发现,一份奖学金平均能改善26人的生活。 获得奖学金的学生不仅能为自己和家人创造更美好的將来,同时也能透过发挥自身领导才能、参与义务工作、或透过公民参与等方式帮助他人、回馈社会。

我们的研究显示,提高高等教育奖学金的影响力并不一定需要改变整个项目。简单的项目微调和增补已可有效地提高项目影响力。透過附录的项目设计工具包,我們希望可以帮助亚洲慈善家、基金会、政府將其奖学金这项投资回报最大化,協助奖学金项目管理者扩大奖学金的正面影响。

Who’s Doing Good?

1 April 2019 - 7 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?

25 March 2019 - 31 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?

18 March 2019 - 24 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?

11 March 2019 - 17 March 2019

THE GIVERS

Azim Premji boosts total philanthropic commitment to Rs1.45 lakh crore (US$ 21 billion). Last Wednesday, Wipro’s 73-year-old billionaire chairman announced a fresh bequest to his eponymous philanthropic initiatives. Premji stated that he will be giving 34% of his shares in Wipro, India’s fourth-largest software services exporter, to an endowment that supports the Azim Premji Foundation. This new bequest is worth about US$7.5 billion, making his endowment fund one of the five largest private endowments in the world and the largest in Asia. The India Philanthropy Report, which was released by Bain earlier this month, highlighted that India’s proportion of ultra-rich grew by 12%, and Premji’s largesse serves as a model for other ultra-high-net-worth individuals to follow and enhance their philanthropic giving.

K-pop star of the boy band BTS celebrates his birthday with US$90,000 donation. Suga, whose real name is Min Yoon-gi, celebrated his 26th birthday last Saturday with a US$90,000 donation to the Korean Pediatric Cancer Foundation. The nonprofit foundation helps fund treatment and surgery as well as provide emotional and learning support for child cancer patients. The K-pop star presented the donation, along with 329 dolls he personally designed, under the name of “ARMY,” his band’s fan club. Since debuting in 2013, the band has promoted giving back and recently expanded its worldwide anti-violence campaign in partnership with UNICEF. The band has inspired many of its loyal fans to donate to charitable organizations when it is one of its seven member’s birthday.

THE THINKERS

Research highlights public unease about doing social good and making a profit. The British Council’s latest report on social enterprises in Malaysia shows a surge in the number of social enterprises launching in the past five years; however, unfamiliarity with the concept of social entrepreneurship has stemmed the flow of capital into the growing sector. The nascent social enterprise sector, coupled with the lack of an official legal definition, has resulted in a public unease about doing social good and making a profit. While close to all of the social enterprises surveyed for the report said that they plan to grow, the flow of capital was cited as one of the biggest challenges for growth. More education on and awareness of social enterprises will be pertinent in assuaging distrust in profit-making social delivery organizations and encouraging more investment into the burgeoning sector.

Singapore’s finance minister encourages closer partnerships and more donations for building an inclusive society. The Straits Times reported last month that only an estimated five out of 100 people with disabilities are employed, and Singapore’s growing elderly population poses a greater demand for services for people at risk of age-related visual impairment. At a fundraising dinner for the Singapore Association of the Visually Handicapped (SAVH), Finance Minister Heng Swee Keat encouraged volunteers, companies, and donors to forge closer partnerships in building a more inclusive society. He also highlighted the importance of supporting organizations like SAVH to expand their services that improve the lives of the visually impaired. The government aims to also encourage more donations through its Bicentennial Community Fund, an initiative included in the 2019 Budget that will devote SG$200 million (approximately US$150 million) to the dollar-for-dollar matching of donations to registered charities in the coming financial year.

Bangladeshi Prime Minister Sheikh Hasina encourages charitable work to spark social change. Last Thursday, four national celebrities were awarded the Danveer Ranada Prasad Shaha Smarak Gold Medal for their contributions to society: politician and former Pakistani Prime Minister Huseyn Shaheed Suhrawardy, national poet Kazi Nazrul Islam, language movement veteran Rafiqul Islam, and painter Sahabuddin Ahmed. Prime Minister Hasina recalled the contributions of philanthropist Ranada Prasad Shaha, after whom the award is titled, and called others to take up charitable work and engage in philanthropy to propel social change in Bangladesh. As the country celebrated its National Children’s Day this past weekend, Prime Minister Hasina continued to affirm her government’s commitment to ensuring a brighter future for the country’s children through development initiatives.

THE NONPROFITS

Indian government’s regulations on foreign funding of nonprofits results in 40% decline in funds. The Modi government has tightened surveillance on foreign-funded nonprofits regulated under the Foreign Contributions Regulation Act (FCRA), and since 2014, more than 13,000 organizations have lost their licenses. Nonprofits have played an invaluable role in uplifting India’s social sector, and while a recent report by Bain shows an increase in private funding in the social sector, domestic funding in its current state is insufficient compared to the flow of funds from large foreign foundations and international organizations.

Taiwanese environmental group showcases the role of nonprofits as agents of social change. The Ministry of the Interior revealed that there were more than 60,000 nonprofits operating at national and local levels in Taiwan by the end of 2018. One leading Taipei-based nonprofit, Society of Wilderness, is an exemplar of the pivotal role of nonprofits as agents of social change. Since its establishment in 1995, the nonprofit has helped reshape government policies, business practices, and public attitudes around environmental protection and conservation. With 11 branches nationwide, 6,000 paid-up members, 3,000 volunteers, and partnerships with various government agencies, the nonprofit has achieved noteworthy reach and social impact.

THE BUSINESSES

Top Korean conglomerate donates 10,000 air purifiers to elementary, middle, and high schools. In a recent executive meeting, LG Group and its chairman, Koo Kwang-mo, decided to have LG Electronics provide 10,000 large-capacity air cleaners to schools nationwide. In addition, LG will support Internet of Things-based air quality alert services and provide artificial intelligence speakers. The total price of the donation and support services amounts to around ₩15 billion (approximately US$13 million), and this comes after a donation of 3,100 air purifiers to 262 child welfare facilities earlier this year. An LG Group official highlighted the group’s understanding of its role in society and its aim to ensure children and teens have a healthy environment to live and study in.

THE INNOVATORS

Yue-Sai Kan to launch online sustainable fashion training for Chinese executives. Television producer, entrepreneur, and fashion icon Yue-Sai Kan has announced her decision to launch an executive education program in sustainable fashion for Chinese fashion executives. The free online course will be funded jointly by the Yue-Sai Kan China Beauty Charity Fund and WeDesign Group. The program is tailored to executives and professionals of Chinese companies engaged in fashion, beauty, and lifestyle products and services and aims to impart knowledge on necessary tools to integrate strategies that support the environment while growing successful businesses. “Yue-Sai Kan is a visionary who understands that the future of fashion depends on sustainability,” said Simon Collins, co-founder, and CEO of WeDesign, adding that “China will play a very, very important role. It has the scale, the capacity, and the enthusiasm to impact sustainability on a global level.”

THE VOLUNTEERS

A new program in Singapore to encourage youth volunteerism in institutes of higher learning will begin in June. First announced by Minister for Culture, Community and Youth Grace Fu during the 2019 Budget debate, the volunteer training program is the result of a partnership between Youth Corps Singapore (YCS) and various institutes of higher learning. President Halimah Yacob, who is also the patron of YCS, said, “YCS will connect these youth with the larger volunteerism ecosystem to sustain youth volunteerism even after they graduate. Through the program, we hope that the youth will rally more of their peers to give back to society and to continue to volunteer beyond their studies.”

THE TRUSTBREAKERS

Korean animal shelter nonprofit chief grilled over alleged euthanizing of stray pets and other suspected malpractices. Allegations against Park So-yeon, chief executive of the Coexistence of Animal Rights on Earth (CARE), first surfaced two months ago. While her charity ostensibly advocated for animal rights to raise donations, it was revealed that 250 stray pets were euthanized secretly. Police are now questioning Park for the first time since they launched a probe into the allegations two months ago. On top of the alleged euthanizing of stray pets, Park is also suspected of embezzling funds from CARE sponsors and keeping them for her personal use such as real estate purchase and insurance payments. Despite the controversy, Park pledged not to resign from her role, citing “concerns over a power struggle by former workers.” Since the allegations, more than 1,000 sponsors have withdrawn their support.

Former mosque chairman in Singapore admits misappropriating more than SG$370,000 (approximately US$274,000) from donations over seven years. Ab Mutalif Hashim, 58, pleaded guilty to six criminal breach of trust charges, with another eight charges taken into consideration. Alongside his then role as chairman of a mosque’s management board, Mutalif was the executive director of the Just Parenting Association (JPA) which he had set up and president of registered charity Association for Devoted and Active Family Men (ADAM). During this time, Mutalif used mosque donations to pay for the expenses of the ADAM charity, as well as depositing funds into his own account and the JPA’s account in amounts ranging from SG$2,200 (approximately US$1,600) to SG$39,000 (approximately US$29,000). These funds were primarily spent for his personal and household expenses, while the JPA-directed funds are suspected to have covered his own monthly salary of SG$7,000 (approximately US$5,200) as the charity’s executive director.

Who’s Doing Good?

4 March 2019 - 10 March 2019

THE GIVERS

British Asian Trust announces new partnership with British Telecom (BT) to launch program in India. The British Asian Trust, which was founded by Prince Charles in 2007 to fight poverty in South Asia, will launch a three-year program in partnership with BT to employ digital technology to improve girls’ education in India. Working with local sector leaders and social delivery organizations, the new partnership will explore innovative ways in which technology can be used to break down social barriers and help improve education and employment opportunities for around 500,000 young girls. The program will work in and around BT’s India operations in Delhi, Gurugram, Bengaluru, and Kolkata. BT Group’s chief executive, Philip Jansen, expressed enthusiasm for the new partnership, “The world of work has changed enormously during the 30 years BT has been in India. We recognize that digital technologies have the potential to transform opportunities for this and future generations of girls.”

THE THINKERS

Despite strong philanthropic momentum, India still falls short on funding needed to achieve the Sustainable Development Goals (SDGs). Bain’s India Philanthropy Report 2019 heralds the growth of social sector funding over the past five years. The report highlights an increase in private funding at a rate of 15% per year and public funding at a rate of about 10% per year. Funding by individual philanthropists grew the most, increasing by 21% per year. Even if India continues to sustain its current funding growth rate and channels all philanthropic capital into the SDGs, the country will still face an annual shortfall that augurs poorly for achieving the SDGs. While domestic private philanthropy is burgeoning and outpacing public funding growth in India, the report calls on domestic corporations and India’s ultra-high-net-worth individuals to enhance the level and nature of their giving.

Collaboration and women empowerment underscored as key factors of effective philanthropy in India. In response to the release of Bain’s India Philanthropy Report 2019, leaders in the philanthropic sector called for more collaborative action and women empowerment. Roopa Purushothaman, chief economist and head of policy advocacy at Tata Sons, encouraged stakeholders to look at building a “carer economy,” which supports caregivers of children and elders. Anant Bhagwati, a partner at Bain and director at Dasra, a foundation focused on strategic philanthropy, highlighted the critical role of collaborative action for India’s philanthropic spending to reach its full potential. Philanthropist Rohini Nilekani echoed Bhagwati’s views, emphasizing the need for civil society, markets, and government to collaborate for better results.

Why investing in women and girls will take off in 2019. New research published in the Stanford Social Innovation Review delineates the economic benefits of gender parity, highlighting that women could raise global GDP by up to US$28 trillion or 26% in 2025 if they were to attain equal participation. A McKinsey report estimates that advancing women’s equality in Asia-Pacific countries would raise their collective GDP by US$4.5 trillion in 2025, a 12% increase over the business-as-usual trajectory. While growth in gender lens investing is constrained by a sparse pipeline of investees as well as a lack of well-defined metrics, a better understanding of the benefits of gender impact investing, celebrating success stories, and supporting women-focused intermediaries can all help drive more investing in women and girls in the Asian region and boost global prosperity.

THE NONPROFITS

Nonprofits focus on “secondary needs” in efforts to rebuild communities in Tohoku. Monday marked eight years since the Great East Japan Earthquake, a magnitude-9.0 earthquake that triggered a tsunami and nuclear disaster and devastated coastal communities, most notably in the Tohoku region. While Japan’s Reconstruction Agency announced in December that full restoration of the region would not be complete by March 2021 as originally scheduled, nonprofits and volunteers have been playing a major role in helping with recovery. In addition to physical reconstruction, nonprofits and local government are also focusing on “secondary needs” of reconstruction, including emotional and social well-being. One nonprofit, Playground of Hope, is working to restore a sense of community and strengthen emotional and social support by providing outdoor play equipment for children and holding community workshops.

THE BUSINESSES

Google launches a free mobile application to teach English and Hindi to children in India. Google’s new offline mobile application, Bolo, is designed to help children in rural areas with poor mobile coverage improve their English and Hindi. The application uses speech recognition and text-to-speech technology with friendly cartoon characters to make language learning more fun for children. Google has developed and released Bolo in the name of philanthropy, stating that it is not looking to monetize the application and that the application is completely safe for children to use. A recent study showed that only 44% of grade five students in India are capable of reading books written for grade two students, and in response, Google stated that its reading-tutor application can help improve these numbers. In the pilot scheme with almost 1,000 children, results showed that 64% of participants improved their reading skills after using the Bolo application.

Lessons from SK Group on corporate social responsibility (CSR) in Asia. Companies and institutional investors play a major role in driving innovation, and Chey Tae-won, chairman of SK Group, sheds light on the group’s recent initiatives that focus on accountability and innovation. One example he highlights is the group’s “Double Bottom Line” (DBL) initiative, by which the group reports all of its 17 SK affiliates’ contribution to social value alongside operational profits. Another CSR program, “Social Progress Credit,” was highlighted for its support for social enterprises through cash incentives. With an early acknowledgment of its responsibility in Korea, the SK Group has been a leader in CSR, and its deep-rooted commitment to social good is an exemplar for other companies in the region looking to cut through the noise and be recognized in the CSR space.

THE INNOVATORS

Recognition of social enterprises in Asia needed first before regulation. Social enterprises have proliferated across Asia over the past decade, and governments are increasingly recognizing the role that social enterprises play in solving social, economic, and environmental challenges. Last week, Thailand passed a social enterprise act that gives tax breaks and other incentives to registered profit-generating ventures with a social impact mission. This act puts Thailand among the few countries in the region with legislation aimed at such ventures. Romy Cahyadi, chief executive at Indonesia-based Instellar, a company offering incubation and acceleration programs for social entrepreneurs, highlights that recognizing social enterprises as legal entities can offer greater clarity to the sector. However, for many countries where the social enterprise sector is still nascent, there is a greater need for awareness of and education on social enterprises first.

THE VOLUNTEERS

Chinese end-of-life care volunteers bring comfort to the elderly. In 2018, China had 249 million people aged 60 and above, accounting for 17.9% of its total population. With the fastest-growing elderly population in the world, among which nearly 50 million are critically ill, there is a high demand for elderly services and care. One nonprofit, Love and Companion Center, provides end-of-life care for those in need and enlists volunteers from a 500-member group chat on WeChat every week. Since it was established in 2014, the nonprofit has provided over 10,000 hospice services for the elderly and their families through the help of its volunteers.

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?

18 February 2019 - 24 February 2019

THE GIVERS

Habitat for Humanity Philippines and University of Cebu formalize ₱5 million (approximately US$96,000) partnership. For the next three years, the University of Cebu will support Habitat for Humanity projects, including building new homes and training youth leaders through the Habitat Young Leaders Build Leadership Academy. Margarita Moran-Floirendo, Board Member and Ambassador of Habitat for Humanity Philippines stated, “The youth is one of the leading voices in supporting our advocacy. We are grateful that the University of Cebu is one with us in furthering our vision of a world where everyone has a decent place to live.” The program will focus on creating future socially conscious leaders through giving equal access to youth to gain and exercise leadership skills.

PM Narendra Modi to donate Seoul Peace Prize money to Namami Gange Programme. India’s Prime Minister received the Seoul Peace Prize for 2018 in recognition of his dedication to improving international cooperation, fostering economic global growth, and furthering the development of democracy. Modi has dedicated the US$200,000 prize money to the Namami Gange Programme, a flagship program of his government focused on abatement of pollution and conservation and rejuvenation of the Ganges river. Modi is the 14th recipient of the award, and past laureates include former UN Secretary General Kofi Annan, German Chancellor Angela Merkel, and international organizations like Doctors Without Borders and Oxfam.

THE THINKERS

Despite an embryonic ecosystem, sustainable finance is growing quickly in China. High net-worth Chinese investors topped a UBS Group AG Global Survey assessing interest in sustainable investing last year, and new developments in both the public and private sectors are pushing this momentum forward. Leading impact investors highlight the array of opportunities for sustainable investing in China with an emphasis on clean energy as the country is the top target for clean energy investment globally. While 74% of wealthy Chinese investors—compared with just 32% of their U.S. and U.K. counterparts—expect sustainable investing to be the new norm in the next decade, the regulatory and legal framework that supports ESG investing still needs to be strengthened to make ESG data more reliable and impact investing less difficult.

AVPN and Prudence Foundation launch the Disaster Tech Innovation Programme. Singapore-based Asia Venture Philanthropy Network and the Prudence Foundation, the community investment arm of Prudential in Asia, announced the launch of their Disaster Tech Innovation Programme to raise awareness of “Disaster Tech,” innovative and viable technology solutions to protect and save lives before, during, and after natural disasters. The program will center on a competition for both nonprofit and for-profit social purpose organizations to crowdsource innovative solutions to enhance existing disaster risk reduction efforts in Asia Pacific. The Prudence Foundation has been promoting disaster preparedness across Asia since 2013 and hopes to encourage more organizations to contribute in this area as the Asia Pacific region is the most affected by natural disasters.

Centre for Asian Philanthropy and Society founder, Ruth Shapiro, highlights India’s CSR mandate. In a recent interview, Shapiro discusses India’s progressive CSR requirements and the need for stronger monitoring to ensure compliance. Shapiro brings attention to India’s role as a leader in CSR and their potential to be an example for other countries in implementing similar requirements.

THE NONPROFITS

Tech platforms in India are helping CSR efforts connect with small nonprofits. As the first country to make CSR mandatory, India’s CSR initiatives have developed significantly over the past few years. However, most CSR projects partner with large nonprofits on their radar, leaving smaller nonprofits often overlooked due to lack of exposure and accessibility. Several online social platforms, such as social marketplaces, have developed in response to this geographic bias to fill the gap that exists between nonprofits and their causes, donors, volunteers, and corporates who want to collaborate. These online social marketplaces are now enabling corporates to engage with CSR activities that more closely align with their CSR mission by connecting them to nonprofits directly that are working in their selected cause.

THE BUSINESSES

Samsung to invest more in education programs. As part of its CSR, Samsung Electronics plans to increase its investments in the field of youth education. On February 18, 2018, the company’s three division heads announced to employees that the renewed mission of Samsung’s social investment in education will be on “enabling people.” With this goal in mind, a particular target will be put on developing programs for teens. Although Samsung has conducted various CSR activities in the past, this announcement is notable in that it comes a month after its de facto leader and vice chairman Lee Jae-yong pledged to fully commit in taking on social responsibility as Korea’s leading conglomerate in a meeting with President Moon Jae-in at the Blue House.

THE INNOVATORS

Machine learning can double social impact if sufficient data are available. Gaining attention at the center of international conferences and Davos-launched initiatives, machine learning is being heralded for its potential to drive social delivery. IDinsight, a nonprofit that uses data and evidence to help leaders in the social sector combat poverty, highlights four practical requirements for machine learning to accurately make predictions that allow nonprofits to enhance their impact. In employing machine learning tools to help Indian nonprofit Educate Girls, IDinsight discovered that high-quality predictor and outcome data, the capacity to act on predictions, and the ability to maintain the machine-learning algorithms are critical in ensuring relevant and accurate prediction models for informed decision-making. To truly drive social impact with machine learning, philanthropy and government will also have an important role to play in funding the collection of accurate and geographically representative data.

Joint philanthropy and impact investing can enhance efforts to meet SDGs. While impact investing and philanthropic giving have traditionally been seen as separate silos in the financial world, efforts to meet the demands of the SDGs are bringing the two forms of financing together. Many social and environmental projects that may have the potential to become viable impact investments need assistance in their early stages. Philanthropic financing can play a pivotal role in helping these organizations and projects evolve and become mature enough to attract impact investments. While the SDGs have been pushing both philanthropy and impact investing towards a common goal, stronger linkages between the two forms of financing can complement each other’s needs and requirements and scale impact to meet the huge demand.

THE VOLUNTEERS

Singapore nonprofit, Willing Hearts, serves customized meals to the aging poor. Former businessman, Tony Tay, founded Willing Hearts, a nonprofit aid organization wholly run by volunteers that serves the aging poor in Singapore. With the help of nearly 200 volunteers, Willing Hearts prepares and delivers customized meals to more than 6,000 low-income elderly individuals every day of the week. Tay’s nonprofit has grown significantly over the years in response to the growing demand of an aging society, and Willing Hearts now offers additional services including dental care, optical care, and legal aid.