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?

5 November 2018 - 11 November 2018

THE GIVERS

Tmall.com Double Eleven Festival lucky draw winner donates prize money to children’s charity. The winner of the Double Eleven Festival draw, a shopping festival now greater in value than Black Friday and Cyber Monday combined, donated most of her prize money to a charity dedicated to finding lost children. The prize allowed the Hangzhou-based woman to spend up to 100 million yuan (approximately US$14 million).

THE THINKERS

Bill Gates demoes “reinvented” toilets, calling attention to over 4.5 billion people without proper sanitation. A result of US$200 million invested by the Bill & Melinda Gates Foundation over the years, Bill Gates demoed innovative toilet designs this week in Beijing, China, at the Reinvented Toilet Expo. Requiring no water or electricity to run, the designs can also treat waste into water and fertilizer. A lack of access to proper sanitation costs half a million lives and over US$2 billion in associated expenses annually.

THE NONPROFITS

Charity groups can apply for grants up to SG$900,000 (approximately US$650,000) to improve processes. The Tote Board, Singapore’s largest grant-making organization, has launched the “Nonprofit Sector Transformation Initiative” worth SG$10 million (approximately US$7.26 million) to help charities boost their operational capabilities. The money will be given to 10 nonprofit organizations and can be used to hire external consultants or staff to improve internal processes and capacities or to boost their IT systems.

THE BUSINESSES

JD.com launches program to support children with special needs through art therapy. The new program from the Chinese e-commerce giant aims to raise money for the World of Art Brut Culture (WABC), a Shanghai-based non-governmental organization which highlights artistic talents of those with developmental disabilities.  As part of the initiative, JD.com sought out paintings designed by WABC-supported children to feature their artwork on 100,000 of its delivery packages.

THE INNOVATORS

Boys’ Brigade Singapore launches PayNow QR code for donations to its Share-A-Gift project. Boys’ Brigade’s Christmas charity project this year is going cashless by introducing PayNow QR codes. The project provides food hampers for the needy and grants wishes for items. Going cashless allows the organization to reach a wider base of donors, claims Mr. Lui Chong Chee, chairman of the project. In its 31st year now, requests from 41,756 beneficiaries, including 9,053 needy families and individuals, will be catered.

THE VOLUNTEERS

Kottayam to be India’s first hunger-free district, thanks to volunteer groups. Various volunteer groups, nonprofit organizations, and support from the locals have allowed the Kottayam district in India to be the first hunger-free district in the country. In addition to systematic contributions from the local Red Cross and other eateries, individuals leverage Facebook groups, as well as deposit boxes, to provide for the homeless and hungry.

THE TRUSTBREAKERS

I never lied about RM2.6 billion donation, says Razak. Najib Razak, former Prime Minister of Malaysia, is facing 38 criminal charges, including 25 charges for money laundering and abuse of power that are related to purported donations. Amidst the charges, he claims he did not lie about the RM6.2 million (approximately US$1.48 million) donation that he received in his personal account. He maintained that the funds came from the late monarch of Saudi Arabia, Abdullah Abdulaziz Al-Saud. “All business regarding the receipt and return of the funds is within the knowledge of Bank Negara Malaysia, the corresponding banks, and my officers. Throughout the handling of the funds I received, no doubts were raised by Bank Negara, or the recipient’s banks, or the officers who handled my accounts,” he said in an interview.

Indonesian charities at risk of being used to launder cash and finance terrorism. Australia’s financial intelligence and counter-terrorism agency, Austrac, has found that Indonesia is at “high” risk of suffering consequences from financing terrorism (often inadvertently) along with Australia. Asia’s other representatives in the report, Singapore and Thailand, face a “medium” risk, while the problem is less severe in Brunei. The report calls individuals to always donate to “recognized, well-established” charities.

Who’s Doing Good?

29 October 2018 - 4 November 2018

THE GIVERS

Korean star soccer player Son donates to the military before Asian Games win. Son Heung-min, a professional soccer player who plays for Tottenham Hotspur in the English Premier League and who captains the Korean national team, donated around £70,000 (approximately US$90,100) to his country’s armed forces prior to the victory in this year’s Asian Games, which allowed him to be exempted from Korea’s mandatory military service. “Son Heung-min called us by himself saying he’d like to make a donation for Korean soldiers and their families,” Kookbang Ilbo, the army’s official daily newspaper, revealed.

THE THINKERS

Indonesia tops the World Giving Index 2018. Through a survey of over 150,000 people in 146 countries, this year’s World Giving Index by the Charities Aid Foundation places Indonesia as the most generous country, followed by Australia and New Zealand. Singapore and Myanmar are Asia’s other representatives in the Index’s top ten at seventh and ninth, respectively. Termed as “quite remarkable,” Singapore turned around its poor showing in previous versions of the Index, jumping 23 spots from its standing in 2017, a change led primarily by increased volunteering. Myanmar had topped the Index in 2017, and Indonesia was placed second.

THE NONPROFITS

BTS’ UNICEF “Love Myself” campaign raises over US$1.4 million. Last year, BTS, a globally popular K-Pop group, teamed up with UNICEF Korea for their “Love Myself” anti-violence campaign, and it was recently revealed that the initiative had raised over US$1.4 million. “In the year since UNICEF and BTS joined together to eradicate violence against children, we have raised over ₩1.6 billion,” said UNICEF Korea in a statement.

Hong Kong nonprofit raises US$2 million for the Philippines’ poorest. Through a number of auctions and activities held in Hong Kong as part of the “Stepping Free from Poverty” banquet, the International Care Ministries (ICM) managed to raise US$2 million. Founded in 1992, the ICM is the brainchild of interior designer Sharon Tang. The Hong Kong charity provided training and resources to its one millionth family this year, and the money raised will be utilized to bring the next million out of extreme poverty. 

THE BUSINESSES

India’s CSR funding set to reach Rs20,000 crore. CSR funding in India is poised to grow to Rs20,000 crore (approximately US$274.9 million) over the next three years. That is the estimate made in a new report by the Indian School of Development Management in association with Sattva Consulting which also says CSR funding has been growing at the rate of 9% per year. With 33 lakh nonprofit institutions employing over 1.82 crore individuals, supported by contributions from funders, enabling organizations, the government, and businesses, India’s development sector is one of the largest and most active social economies in the world. It also has a huge potential to become an aspiring and mainstream career option for India’s young leaders and managers.

12,000 Samsung employees participate in the company’s Global Volunteer Month. Each year in October, Samsung employees all over the world look to give back through volunteering and community engagement. This year, across regions and countries such as the United States, Latin America, Sweden, Italy, Turkey, China, Myanmar, and Thailand, a total of 12,000 volunteers engaged in the program and contributed to diverse areas such as education, immigrant integration, school refurbishments, and cyberbullying among others.

THE INNOVATORS

Blockchain-based plastic recycling centers in Indonesia. Plastic Bank recently partnered with SC Johnson to open plastic recycling centers across Indonesia. Recent scientific data revealed that Thailand, the Philippines, China, Indonesia, and Vietnam are responsible for more than 55% of the plastic waste found in the ocean. The organization plans to open eight plastic waste collection centers across Indonesia by May 2019. The program aims to act as a means of income for the local waste collectors who live below the poverty line and also to encourage recycling. The collectors can bring the plastic they collect to the center and receive digital tokens in exchange.

THE VOLUNTEERS

President of Singapore promises more opportunities for senior volunteers. President Halimah Yacob announced yesterday that the newly appointed National Centre of Excellence in Senior Volunteerism, RSVP Singapore, will reach out to more of those in their mid-50 and 60’s to encourage them to volunteer with local charities and other organizations such as hospitals. Currently, about 60% of the organization’s 2,500 senior volunteers are in their mid-50 and 60’s. The organization will tailor its programs to suit the group of volunteers. “Some are likely to be IT savvy, higher educated, and have a stable income…, so we need to curate different programs to suit them,” said chairman Koh Juay Meng.

Empress Michiko’s proactive involvement in society. The article spotlights Japanese Empress Michiko’s contributions to society and passion for helping the disadvantaged. From promoting Braille translations of music to serving as the honorary president of the Japanese Red Cross Society, Empress Michiko has gradually expanded her commitment to society. Her involvement in society is part of the Japanese royal family’s often publicly stated role of acting as the symbol of the state and unity of the Japanese people.

THE TRUSTBREAKERS 

Chinese Apple Watch supplier under fire for “forcing students to work like robots.” Apple is investigating a factory in Southwest China after a labor rights group claimed that the technology giant’s supplier forced student workers to work “like robots” to assemble the Apple Watch. The Chongqing factory is operated by Quanta Computer, a Taiwanese electronics manufacturer. According to an investigation by the Hong Kong-based nonprofit organization, Students and Scholars Against Corporate Misbehavior (SACOM), many were forced to work to get their vocational degrees and had to do night shifts. These students were made to work under the guise of an internship. “Our graduation certificate will be withheld by the school if we refuse to come,” said one student majoring in e-commerce, according to SACOM.

Who’s Doing Good?

22 October 2018 - 28 October 2018

THE GIVERS

Hong Kong billionaire Lui Che-woo donates RMB 200 Million to Tsinghua University. One of the richest businessmen in Hong Kong and chairman of the K.Wah Group, Lui Che-woo has donated RMB 200 million (approximately US$28 million) to Tsinghua University in Beijing, China, to establish the Biomedical Sciences Building. The building is planned to enhance the university’s teaching and research capabilities, as well as house leading medical research centers, including the National Centre for Protein Science.

Hong Kong billionaire and alumni to match all donations to Hong Kong scholarships. Billionaire and chairman and CEO of Melco International and Melco Crown Entertainment, Lawrence Ho and his sister, Daisy Ho, who are both alumni of the school, have pledged to match every donation received by the University of Toronto (Hong Kong) Foundation in a new initiative called HK Match and help expand its existing scholarship program so that it fully covers tuition and living costs.

THE THINKERS

Proposed changes to India’s CSR laws could deplete motivation. As the world’s only economy with mandatory CSR, India is expected to collect upwards of Rs50,000 crore (approximately US$7 billion) from corporations by March 2019. But recent amendments have “hardened” the law, argues Shashwat DC. The author suggests corporations could turn away and treat CSR as a mere requirement. Grassroots beneficiaries, he adds, stand to lose out most as corporations may re-center towards low-hanging, low-impact contributions in their CSR approaches.

Private sector’s push in higher education and ease in regulation necessary says vice-chancellor of India’s rising university. Professor C. Raj Kumar, a former Rhodes Scholar at the University of Oxford and the founding vice-chancellor of the O.P. Jindal Global University (JGU), has cited government regulations and lack of attention to research among Indian private universities as important contributors to India’s struggle in global university rankings. His remarks came as JGU, established in 2009, broke into the 2019 QS Asia University Rankings. 

THE NONPROFITS 

Group of eight corporations, nonprofits, educational institutions, and individuals win President’s Volunteerism and Philanthropy Awards in Singapore. Launched in 2012, the annual President’s Volunteerism and Philanthropy Awards honor individuals, companies, ground-up movements, nonprofits, and educational institutions who give back to the community. The winners for 2018 were picked from nearly 100 nominations. Notable corporate and academic winners include Citi Singapore and the National University of Singapore. Assisi Hospice was chosen as the nonprofit winner for providing end-of-life care as a health-oriented nonprofit organization. President Halimah Yacob said, “I’m heartened that this year’s winners include firms that made giving an integral part of their corporate culture, as well as individuals who are passionate in helping those around them.”

Opportunities for Indian women grow as social and economic restrictions are addressed. This brief case study notes an increasing focus towards women in India, the participation of whom is seen as central to sustaining the Indian economy. Through a handful of profiles including that of a former expat now turned entrepreneur running Asia’s first commercial biobank and Katalyst, an initiative helping women from low-income communities, JPMorgan Chase presents an optimistic outlook for women in India.

THE BUSINESSES 

Sustainable exchange-traded fund (ETF) industry to be worth over US$400 billion by 2030, says BlackRock chairman. Larry Fink, chairman of the world’s largest asset manager BlackRock, expects sustainability to form the core of all investments made in the future. Following the announcement of the plan to launch six Environmental, Social, and Governance (ESG)-screened ETFs in Europe, Fink also opined that rates of returns on social investments would also outpace those on traditional investments. However, BlackRock was the subject of protests in September during which the company was alleged to be the largest owner of fossil fuels companies and hence “failing to walk the talk.” 

THE INNOVATORS

Binance releases 2018 donation report for West Japan disaster. Having delivered cryptocurrency donations to flood victims in West Japan via its Blockchain Charity Foundation, Binance has released its 2018 donation report. The Blockchain Charity Foundation and other external donors sent in around a total cryptocurrency amount worth US$1,410,000. With these funds, over 41,000 individuals in three prefectures received medicine, shelter, and other resources.

THE VOLUNTEERS

Malaysian university students raise funds and volunteers to help those in need. Organized by students of KDU Penang University College, the Technicolor Festival brought the student community together to raise funds and conduct volunteering activities for those in need. Students raised RM138,000 (approximately US$33,000), as well as collaborating with the Penang Social Welfare Department to help underprivileged families. Dr. Chong Beng Keok, the university’s vice chancellor, commented, “It is about different communities coming together and a platform for them to showcase their creativity, talents, and skills. This festival is not only to celebrate culture but the proceeds will also be channeled to the underprivileged.” 

THE TRUSTBREAKERS

Ex-Malaysian Prime Minister faces six new corruption charges. A Malaysian court on Thursday charged former Prime Minister Najib Razak with six new corruption charges in relation to alleged embezzlement involving the state-owned 1Malaysia Development Berhad (1MDB) fund. The new charges were added to the existing 32 cases of corruption against him in regards to the 1MDB fund. Former Prime Minister Razak denied the allegations, claiming that the money was a donation from a Saudi Arabian prince and that he was cleared by Malaysian authorities during his time as Prime Minister.

Who’s Doing Good?

8 October 2018 - 14 October 2018

THE GIVERS

Taiwan’s philanthropic vegetable seller donates millions for rural healthcare. Chen Shu-chu, who sold vegetables in eastern Taiwan’s Taitung for more than half a century, donated two insurance policies worth a total of NT$16 million (US$516,500) to local hospitals to foster the provision of rural healthcare services. The donation will be mainly used to treat cancer patients and provide the poor with proper medical care. Chen designated Taitung MacKay Memorial Hospital and Taitung Christian Hospital as the beneficiaries of the policies, which are currently worth NT$7.7 million and NT$8.3 million, respectively.

Hong Kong movie star announces plans to donate most of his net worth for charity. Chow Yun-fat, one of the biggest movie stars in Hong Kong and best known for his performances in films like Crouching Tiger, Hidden Dragon, Bulletproof, Monk, and Anna and the King, recently revealed that he plans to leave the bulk of his fortune for charitable giving. His net worth is estimated to be HK$5.6 billion (US$714 million). No specific details and information was provided in regards to his planned philanthropy.

President’s Star Charity 2018 raises a record amount of funding from the general public. This year’s President’s Star Charity raised a record total of SG$8.3 million (approximately US$6 million), the highest amount raised for the annual event. All proceeds will go to the 59 charities under the President’s Challenge 2018. The event featured performances from various individual artists and groups. Donations will continue to be collected until the end of October.

THE THINKERS

Global Impact and KPMG release a new report on tax and fiduciary requirements for philanthropic giving. Global Impact and KPMG have released a new report, titled “2018 Giving Global Matrix: Tax, Fiduciary and Philanthropic Requirements,” which provides a snapshot of the complex and varied tax laws that incentivize or disincentivize philanthropic giving in 60 countries across North America, Latin America, Africa, Europe, Asia, and the Middle East. The first edition was produced by the two organizations in 2015, with the recent report expanding its coverage to 60 countries from 40 and broadening the scope of research from four to ten questions. “In today’s global environment, this updated report provides timely information to nonprofit and private sector entities who want to understand the different approaches to philanthropy that geographic regions and countries are taking, and be able to plan their engagement more strategically,” said Anita Whitehead, tax principal at KPMG.

How governments can “turbo-charge” impact investing. In this article, the author shares three ways that governments and politicians can bolster the impact investing sector. The article particularly highlights three roles that governments can play: as a market facilitator, as a market participant, and as a market regulator. As a facilitator, governments would help build the capacity of social enterprises and impact investors. As a participant, governments would actively collaborate with investors via, for example, social outcomes contracts. As a regulator, governments would step in to help define the overall sector and create relevant legal and fiduciary infrastructure for social enterprises and impact investors.

THE NONPROFITS

Indian nonprofit wins the 2018 Positive Energy Prize under the Lui Che Woo Prize. Pratham Education Foundation, one of the largest nonprofit organizations in India, has won the 2018 Positive Energy Prize for its contributions to helping eliminate illiteracy. With a focus on high-quality, low-cost interventions, Pratham addresses gaps in the education system through innovative models and result-driven methods, changing the education landscape across 23 states and union territories in India.

THE BUSINESSES

Hong Kong-listed companies donated US$2.1 billion to charity in 2017, an increase of 28% from the previous year. According to the Sodata Analytics Foundation Association, a nonprofit group that tracks corporate philanthropy, companies listed in Hong Kong made record charitable donations last year to narrow the gap with their American counterparts. Led by property developers and financial institutions, 959 out of 1,826 main-board companies donated HK$16.3 billion (US$2.1 billion) in 2017. China Evergrande the list with a total donation amount of HK$5 billion. On the other hand, 47% of these list companies did not a single donation last year.

Nexon Foundation committed to promoting creative play culture. The Nexon Foundation, Korean gaming developer Nexon’s corporate foundation, announced that it has forged a partnership with two nonprofit organizations in the United States to promote creative play and the education of talent in convergence fields. The two partners are the Imagination Foundation and Two Bit Circus Foundation, both of which focus on the promotion of creativity.

SM Investments Corporation takes an active private sector role in sustainability reporting and sustainable development. SM Investments Corporation, a major conglomerate in the Philippines, is taking an active role in the private sector’s involvement in sustainability reporting and sustainable development. Teresita Sy-Coson, vice chair, said that the agenda of businesses are closely linked with sustainability and all are faced with greater unpredictability due to the devastating effects of climate change and the widening gap in social and economic opportunities in the world. A part of SM’s commitment to sustainability includes allocating 10% of its capital expenditures to incorporate disaster-resilient features in the design and construction of its property developments.

Maybank Foundation committed to helping disadvantaged communities become financially independent. Maybank Foundation, Malaysian financial services firm Maybank Group’s independent corporate foundation, is working to help disadvantaged communities become financially independent. For example, the Reach Independence and Sustainable Entrepreneurship (RISE) program is an economic empowerment program designed to support disadvantaged communities, particularly people with disabilities, to increase their income and help them become financially independent. Its 2014 pilot project saw the average income of 40% of the initial 280 participants increase by 411.7%. The program has since then expanded into Indonesia, the Philippines, and Laos.

THE INNOVATORS

Global impact investor launches its first two India funds. Social Finance, a global impact investment firm, has launched its first two India funds that will each raise US$1 billion. Social Finance said in a statement that the first fund will be called the “India Impact Fund.” In partnership with the United Nations Sustainable Development Goals Finance group, it will raise US$1 billion to target equity funding for small lenders in priority sectors, namely agriculture, education, housing, and so forth. The second fund named the “India Education Outcomes Fund,” will, as its name suggests, focus solely on education. It aims to improve learning outcomes by technology-aided interventions in subjects such as mathematics and to improve education complete rate among girls.

THE VOLUNTEERS

Volunteers bring laughter to Indonesian children. Volunteers across Palu, Indonesia, are cheering children up with songs and games as a way of offering a distraction from the earthquake that struck the area. Erna, a volunteer, drove three hours with her friends and dressed up as popular cartoon characters to bring smiles on the children’s faces. Aid workers on the ground said that many children were shocked and distressed by the scale of the disaster. Many were orphaned or separated from their families in the terrifying aftermath as buildings crumbled and a tsunami crashed over the city.

THE TRUSTBREAKERS

Couple barred from raising funds for charities. Jailed for duping donors into parting with almost SG$10,000 (approximately US$7,200) for the Bedok Youth Society for the Disabled, a Singaporean couple was barred from conducting any fundraising appeals for charitable purposes. The Commissioner of Charities (COC) issued a prohibition order under the Charities Act against Noryana Mohamed Salleh and her boyfriend Rajzaed Sedik, who were both former employees of the voluntary welfare organization. The COC said, “Both individuals are not fit and proper persons to conduct fundraising appeals for charitable, benevolent, or philanthropic purposes.”

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.

Who’s Doing Good?

24 September 2018 - 30 September 2018

THE GIVERS

Chinese entrepreneur donates US$5 million for blockchain research. Feng Han, co-founder of the blockchain company Elastos, has donated US$5 million to the Massachusetts Institute of Technology (MIT) to establish the university’s blockchain research wing. The “Initiative on the Digital Economy (IDE) Blockchain Pillar and Activities Fund” will foster the development of a diverse range of blockchain projects, connecting emerging talent with thought leaders in the industry. “I am excited to facilitate the development of blockchain ecosystems through partnerships with organizations and universities, similar to MIT,” said Feng. “Leaders throughout the blockchain landscape should seize opportunities to support research and development of the industry, to ensure it matures in a regulatory compliant, transparent, and responsible manner. This is not the last incubator that I hope to establish to shape the parameters of a healthy blockchain ecosystem.”

Singaporean university receives SG$9 million (approximately US$6.5 million) to attract top young Swedish scientists. The Knut and Alice Wallenberg Foundation, the largest private financier of research in Sweden, is making a SG$9 million cash donation to Nanyang Technological University (NTU) to establish a new postdoctoral fellowship program to support up to 40 fellows over the next six years. Through the fellowship, some of Sweden’s most outstanding young scientists will spend two years at the Singaporean university to conduct postdoctoral research. “We are deeply grateful to the Knut and Alice Wallenberg Foundation, whose new generous gift comes after their SG$12.6 million donation to NTU just three months ago. The Wallenberg family is known for their passion for cutting-edge research and technologies, and NTU is privileged to be one of only three international universities to benefit from the Wallenberg Foundation’s recognition and support,” said Professor Subra Suresh, president of NTU.

THE THINKERS

China Global Philanthropy Institute (CGPI) hosts the Global Social Finance Forum (GSFF) in Shenzhen. On September 21, 2018, the CGPI hosted the second GSFF in Shenzhen, China, under the guidance of the Shenzhen Municipal People’s Government, Futian District People’s Government, United Nations Development Programme (UNDP), and China International Center for Economic & Technical Exchange (CICETE). The theme of this year’s GSFF was “Social Investing as a Force for Good, and leaders in social finance and impact investing were invited as guests and participants.

THE NONPROFITS

Hong Kong charity diverts annual mooncake waste. The Chinese tradition of exchanging boxes of mooncakes with friends and family during the Mid-Autumn Festival is now a staggering US$2 billion international industry. However, most are leftovers from manufacturers who overproduced in an attempt to cash in on the tradition. More than two million mooncakes, valued at least US$12.8 million, will be thrown out in Hong Kong alone after the Mid-Autumn Festival. Food Grace, a local charity, collected the leftovers this holiday season to redistribute them to low-income families and individuals. Convincing individuals, however, to donate their mooncakes is still taking time to catch on, according to Conrad Tsang, a project officer at the charity. “We have to educate and encourage them [to donate] and that [even if] you are not sending a mooncake as a gift, [it] does not harm your relationship with your partners or with your employees,” said Casey Ng, founder of Food Grace.

THE BUSINESSES

Indian companies’ CSR spending to depend only on previous year’s profit. India’s 2013 CSR law mandates that companies must spend 2% of their three-year average annual net profit towards a social cause. The amended law that came into effect on September 19 of this year states that companies will have to consider only their previous year’s net profit. A recent study of 1,186 eligible and listed companies by CRISIL, a credit rating agency, showed that over the past two financial years the amount spent on CSR surged at a compound annual growth rate of 14%, despite a lukewarm 5% growth in net profit.

Samsung extends helping hand during major national holiday. During Chuseok, one of Korea’s largest holidays, Samsung employees carried out various volunteer activities to provide assistance to residents in need of help. Along with the Korean Red Cross, Samsung employees delivered groceries to senior citizens and other residents in need for three weeks. They visited 780 social welfare facilities, including a children’s center, senior’s welfare center, and support center for migrant workers.

THE INNOVATORS

Using online platforms to help Palu earthquake victims in Indonesia. On September 28, 2018, a 7.4-magnitude earthquake and tsunami hit Palu, Donggala, and Mamuju in Central Sulawesi, Indonesia, claiming 832 lives (as of yesterday) and injuring many others. The Jakarta Post has highlighted different ways that people can help through donations. Notably, Kitabisa.com, a crowdfunding website, and Tokopedia, an e-commerce platform with various donation channels (such as Donasi Palu), were featured. Both platforms have been recognized by the publisher for their transparency and accountability.

THE VOLUNTEERS

Miss Nepal on a social mission. Shrinkhala Khatiwada, Miss Nepal 2018, is on a mission to contribute to society after her coronation in April. In an effort to address post-earthquake reconstruction, she is building health posts in rural villages and raising funds in London for this cause. As a former architecture student, she is exploring the concept of healing by architectural design. “This is just the beginning of my work in philanthropy and architecture. Eventually, I want to use my fame to build more of what Nepal needs, whether it is health posts in remote areas or schools and homes in disaster zones,” she said.

Japanese firms prepare for large-scale volunteering during 2020 Olympic Games. The Tokyo Organizing Committee has started its search for 80,000 volunteers on Wednesday. Major companies in Japan are encouraging employees to volunteer for the 2020 Tokyo Olympics and Paralympics. Many are even sending employees in order to show their support. Brokerage giant Nomura Holdings Inc., for example, has picked 300 employees through an internal application process to volunteer for the 2020 Games.

THE TRUSTBREAKERS

Website duplicates Giving.sg campaigns; site admin apologizes, says it was a mistake. A website has been found falsely canvassing donations for various fundraising campaigns that were originally posted on the national giving portal Giving.sg, which is managed by the National Volunteering and Philanthropy Centre (NVPC). The campaigns’ webpages indicated that they had garnered Nepalese Rs. 17,290 (approximately US$147) in donations. The website, Giving Nepal, claims to have posted the design mock-ups online by mistake and that no funds were actually collected. The NVPC clarified that Giving.sg is still a safe and secure online platform that has not been affected by any security breach. It also said that none of its donors’ information has been leaked.

Singaporean watchdog body introduces transparency guide for charities. The Commissioner of Charities (COC) introduced a new Visibility Guide framework to help charitable organizations be in a better position to present their financial information, use of donations, and activities. The framework by the COC not only helps charities put out key information to its stakeholders in a simple manner, but it also guides donors on each charity’s causes and impact. The framework was introduced together with an annual report template for nonprofit organizations. To encourage more giving, trust is crucial, and to build trust, good governance is necessary, said the Minister for Culture, Community and Youth Grace Fu, who also launched the framework during the 2018 Charity Governance Conference.

Who’s Doing Good?

10 September 2018 - 16 September 2018

THE GIVERS

University in Hong Kong gets HK$100 million in donations for a smart city and sustainable energy research. Hong Kong Polytechnic University has been given a generous donation of HK$100 million (US$12.8 million) from Otto Poon, a graduate of the university and chairman of ATAL Engineering Group, for a smart city and sustainable energy research. The gift was made under the Otto Poon Charitable Foundation and represents the largest personal donation to the university in the past decade. The funds will be used for the establishment of two research institutes and two professorships.

Jeff Bezos creates new philanthropy: the Bezos Day One Fund. Via Twitter, Amazon’s Jeff Bezos shared a statement announcing the creation of his new charitable organization: the Bezos Day One Fund. Through the fund, Bezos will initially invest US$2 billion of his US$150 billion into existing homelessness charities and in the development of early childhood education centers.

THE THINKERS

Conglomerate research firm finds Korea’s top 10 conglomerates slashed social contributions by 14.5% in two years. Following the ouster of former President Park Geun-hye, Korea’s top 10 conglomerates slashed their charitable donations by 14.5% in the past two years. Total contributions made by the likes of Samsung, Hyundai Motor, SK, LG, and Lotte stood at a little over ₩838.1 billion (approximately US$743.1 million) in 2017, down ₩124.9 billion (approximately US$110.7 million) or a drop of 13% from the previous year, Chaebul.com said. In 2015, companies spent a total of ₩980.2 billion (approximately US$868.76 million) on donations. “Companies have stepped up efforts to make all donations transparent by going through due process and staying away from pledging money if there is a risk of causing trouble,” said the local tracker of large conglomerates.

THE NONPROFITS

More social service organizations in Singapore go cashless for fundraising. In line with an increasing societal trend to rely on cashless forms of payment, individuals can now donate to charities with a few taps on their mobile phones, and Singaporean charities are tapping into this new fundraising opportunity. Since May 2018, 73 organizations have been actively using cashless payment technologies, according to the National Council of Social Service (NCSS). NCSS’ deputy CEO, De. Fermin Diez, said, “With more Singaporeans carrying less cash, social service organizations need to be more innovative about raising funds through contactless donation technology. Otherwise, they could face a decline in donations if only cash was accepted.” Diez also added that the benefits of cashless fundraising are reduced administration costs, better governance, tighter security, and improved donation tracking.

THE BUSINESSES

BloombergQuint identifies India’s most and least philanthropic large companies. According to BloombergQuint, about a fifth of Nifty 50 companies failed to spend the minimum required on CSR for the fourth straight year. Billionaire Anil Agarwal’s Vedanta Ltd. was the most generous in the 2017-2018 financial year, spending nearly 10% of its average three-year net profit on CSR. Following Vedanta Ltd. were UPL Ltd. and state-owned Coal India Ltd. Notably, Dilip Shanghvi-controlled Sun Pharmaceutical Industries Ltd. and Tata Motors Ltd. were the only two Nifty 50 companies that contributed towards CSR despite reporting losses.

China’s Ministry of Civil Affairs awards Infinitus the China Charity Award. The China Charity Award is the highest level of recognition for philanthropy in China from a government authority. Infinitus was recently honored with this award for its continuing contributions to society and its longstanding commitment to CSR. In 2016, Infinitus kicked off a volunteer project and set up the Infinitus Volunteers Association. To date, the association has had more than 6,000 individual volunteers, organized 230 volunteering events, and accumulated more than 27,000 hours of volunteer work.

THE INNOVATORS

Chinese government to use blockchain technology for tracking charitable donations by 2019. In order to increase transparency of public donations, the Ministry of Civil Affairs, in charge of social services and the broader social sector, is planning to adopt blockchain technology for an upgrade of its current charity tracking system. The plan dictates that the existing government charity databases will be integrated into the new blockchain network. In this way, data on charitable donations made through a variety of services will become visible to the public faster using a distributed network.

Philanthropic foundations launch US$11 million impact bonds to improve education in India. The largest development impact bond (DIB) has been launched by the UBS Optimus Foundation, British Asian Trust, Michael & Susan Dell Foundation, and Tata Trusts. The bond promises to improve the educational outcome of 300,000 students in Delhi and Gujarat. A DIB is not a money market instrument. Risk investors put money to roll out a program in order to address a cause. They earn a return if the program is successful. “This landmark financial instrument applies an entrepreneurial approach to philanthropy… If the potential of this type of funding is unleashed, it could improve the lives of generations to come,” said Arun Jaitley, Minister of Finance and Corporate Affairs. 

THE VOLUNTEERS

Divers volunteer as “gardeners” to restore dying corals in Thailand. It is widely known that coral reefs are in danger due to climate change. A group of divers is trying to tackle this environmental problem in Koh Ha, Thailand. Inspired by reforestation techniques employed in tropical forests, conservationist Anuar Abdullah began research into how those same methods might be applied to coral reefs, which are often referred to as “underwater rainforests.” Eventually, the solution of coral gardening was devised, growing corals in nurseries and then replanting them on reefs. Anuar also founded Ocean Quest, a conservation organization that organizes courses at dive schools and resorts in Southeast Asia. To date, the organization has certified more than 800 trainers and 1,000 coral gardeners.

THE TRUSTBREAKERS

In response to potential cases of fraud, Singaporean crowdfunding website offers “donation back guarantee.” The Raye of Hope Initiative, a crowdfunding website based in Singapore, recently announced it would start the “donation back guarantee” in cases of fraudulent fundraising projects. The move came after the Commissioner of Charities launched a campaign last Friday to get donors to do more checks before giving. The website has had more than 170 fundraising projects. “We need to give donors the confidence that they are giving to people who genuinely need help and depend on crowdfunding to tide them over a difficult period,” said Tan En, director of the crowdfunding website.

Japan to reform “hometown tax donation” program to address excessive competition among local governments to provide expensive gift incentives. The furusato nōzei (hometown tax donation) system was originally introduced in 2008 to ease the disparity in tax revenue between urban and rural areas by incentivizing individual giving to local governments. The government said Tuesday it will reform this system in order to curb extravagant gift incentives from local governments, as the system has led to fierce competition among local governments to lure donations with expensive gifts that are excessive in price and that are oftentimes not locally produced. As such, the government is specifically considering to limit gifts to those produced locally and keep their value below 30% of donations.

Who’s Doing Good?

3 September 2018 - 9 September 2018

THE GIVERS

Alibaba’s Jack Ma announces plans to focus on philanthropy. China’s richest man and chairman of Alibaba, Jack Ma is set to retire from his corporate position next week to focus on philanthropy and his passion for teaching. In an interview with Bloomberg, Ma said that he would like to lay the groundwork for the Jack Ma Foundation to help teachers and kindergartens in rural areas. “There’s a lot of things I can learn from Bill Gates. I can never be as rich, but one thing I can do better is to retire earlier,” Ma said in the interview. “I think someday, and soon, I’ll go back to teaching. This is something I think I can do much better than being CEO of Alibaba.” 

Asteroid named after Taiwanese philanthropic vendor. Chen Shu-chu, a retired vegetable vendor and philanthropist, recently had an asteroid named after her by the Lulin Observatory operated by Taiwan’s National Central University. Chen is known for her good deeds that were brought to light by local and foreign media. She was honored as one of the 100 most influential figures listed by the Time magazine in 2010 for contributing over NT$10 million (US$325,000) to different charitable causes. In 2012, Chen was one of six winners of the Ramon Magsaysay Award for helping the poor, receiving a US$50,000 cash prize which she donated to the Taitung branch of Mackay Memorial Hospital. “Money serves its end only when it can help people in need,” said Chen.

THE THINKERS

“Minds Wide Open” documentary shows that increased support for fundamental brain research is crucial to achieving major breakthroughs. Earlier this month, the Tianqiao and Chrissy Chen Institute (TCCI), a nonprofit aiming to deepen the understanding of the human brain, hosted an international meeting in Shanghai. The event brought together top scientists and doctors working on brain-related topics in the United States and China. TCCI also released the “Minds Wide Open” documentary this week in the hopes that it would make the case that more support for fundamental brain science is needed if we are to keep achieving significant breakthroughs. The Chens, founders of the TCCI, have committed US$1 billion for this cause. The documentary will be available on Apple iTunes, Amazon Video, and Google Play from September 19 onwards. All proceeds from the film will be donated to causes chosen by Brandon, Chelsea, Eric, Lisa, and Violet—five patients featured in the film. Watch the 25-minute version of the film here.

Businesses thrive when they benefit society, says Hiroaki Nakanishi. Keidanren (Japan Business Federation) chair and chairman of Hitachi, Hiroaki Nakanishi preached the values of a sustainable and socially responsible business in an interview with The Asahi Shimbun. In fact, Keidanren made the United Nations Sustainable Development Goals the guiding principles of its Charter of Corporate Behavior when it was revised in November. Explaining that Japanese businesses previously thought creating high-quality products and generating profits was the end of their responsibility to society, Nakanishi said that this attitude and way of thinking is increasingly changing in the private sector in Japan. 

THE NONPROFITS

Five moon bears rescued by Hong Kong-based charity from a bile farm in Vietnam after being trapped in cages for 21 years. Animals Asia, a Hong Kong-based charity, has rescued five moon bears from a bile farm in Vietnam after more than 21 years in cages. After a five-day journey, the bears are now at the organization’s Vietnam Bear Rescue Center, a sanctuary in Tam Dao National Park. In 2017, Animals Asia signed a deal with the Vietnamese government to relocate the around 800 bears who remain on farms in the country to sanctuaries. So far, the charity has rescued 177 bears. 

THE BUSINESSES

Didi Chuxing to pay promised reward to rescue team via charity donation. Didi Chuxing, China’s ride-hailing company, is to pay the reward of 1 million yuan (US$160,000) it promised for information relating to the whereabouts of a driver suspected of killing a passenger earlier this year. A Zhengzhou-based water rescue team found a body in a local river and after several unsuccessful attempts to contact the company and claim the reward, filed a lawsuit in August. The reward money will reportedly be donated to a charity in Zhengzhou and be dedicated to the water rescue team that received the body of the suspect. Niu Zhenxi, head of the rescue team, said that members of his team have agreed to accept the donation via the Zhengzhou Charity Federation. Didi Chuxing has also announced that it will donate another 1 million yuan to the China Foundation for Justice and Courage, a national public fundraising foundation headed by China’s Ministry of Public Security.

THE INNOVATORS

Volunteering mobile application allows users to get points to redeem gifts. Chen Yew Nah, managing director of Zeles, always had a passion for helping others but soon realized that there was a gap in the feedback system. Zeles aims to encourage more volunteers to come forward, connects them with various corporations and causes, and allows users to redeem food and retail vouchers in return. Additionally, the in-application chat function allows volunteers to send feedback to the organizations they are working at. The application currently has 2,000 volunteers and numerous voluntary host organizations such as the Society for the Prevention of Cruelty to Animals and Association for Persons With Special Needs.

THE VOLUNTEERS

Army of volunteers boosting support for the Thai King. The Volunteer Spirit scheme, officially started last year by Thai King Maha Vajiralongkorn, has created a new army of civilians who have pledged allegiance to the King and are boosting his image ahead of his formal coronation at the year-end. Over four million volunteers have joined the scheme, carrying out a range of tasks from cleaning public spaces to helping police direct traffic. Their most high-profile activity came when the volunteers joined an international effort to rescue 12 boys and their soccer coach from a flooded cave last month.

THE TRUSTBREAKERS

China continues to toughen the crackdown on dishonest behaviors in charity work. The Ministry of Civil Affairs has intensified its campaign to crack down on dishonest behaviors in charity work. Most recently, the Ministry of Civil Affairs released a regulation that required charities to provide factual information to the public, putting it into effect on September 1, 2018. The ministry has also established the “Charity in China” website that publishes information about charities. Early this year, the government established a mechanism that shares information on charities’ credibility, specified five types of dishonest entities, and stipulated 24 punishment measures.

Korean tax agency clamps down on tax-evading foundations. A conglomerate-affiliated cultural foundation received cash from three corporate subsidiaries under the pretense of building a memorial hall, which instead was revealed to have been used to purchasing land surrounding the birthplace of the conglomerate’s founder. The National Tax Service (NTS), Korea’s governmental tax agency, retracted the gift tax exemption given to this foundation and slapped a ₩3 billion (US$2.67 million) tax. The NTS said that since the second half of last year, a special team has investigated nearly 200 charitable foundations owned by conglomerates and found 36 instances of tax evasion, totaling a tax figure of ₩41 billion (approximately US$36.3 million). “In recent years, the founding families of conglomerates have been using their charity foundations for personal purposes, including strengthening their governance, said an NTS official.

Who’s Doing Good?

27 August 2018 - 2 September 2018

THE GIVERS

Indonesian medal winners contribute towards Lombok cause. The series of earthquakes that hit Lombok has killed more than 500 people and caused damages worth more than US$500 million. In support of the relief efforts, Indonesian athletes and medalists at the Asian Games have offered to contribute a share of their winnings. Badminton men’s singles winner Jonatan Christie said he would contribute part of his US$102,000 winnings to the cause, while other badminton medalists offered to auction off their jerseys and rackets to raise funds.

THE THINKERS

Alibaba Foundation and UCWeb to host philanthropy conference in New Delhi, India. The Alibaba Foundation and UCWeb, a subsidiary of the Alibaba Group, will host a week-long global forum of the Xin Philanthropy Conference 2018 in India starting September 5, marking the first time that part of the conference is to be held outside China. The conference will focus on education, child protection, and women’s empowerment and feature prominent public speakers from public policy, global welfare, business, and science.

THE NONPROFITS

Chinese charities required to disclose information starting in September. According to a regulation issued by the Ministry of Civil Affairs, charities should publicize various information in a complete and timely manner starting September 1. The range of information includes a charity’s yearly work, financial accounting reports, major asset changes, transactions, investments, public funding, and other projects. According to the newly issued regulation, which is based on the Charity Law from 2016, charities that fail to disclose such information can be reported to civil affairs authorities by any other organization or individual.

THE BUSINESSES

China’s Huawei appeals to Korea through CSR programs. As part of its ongoing efforts to give back to Korean society since it first entered the Korean market in 2013, Huawei launched an incubating program for young local information technology talents. Named “Seeds for the Future,” the two-week-long program hosted 10 Korean engineering students at its headquarters in Shenzhen, China. The students were additionally invited to visit the Beijing Language and Culture University to experience China. Other CSR projects in Korea run by Huawei include granting scholarships and running annual contests for young female software engineers.

Hermes Taiwan collaborates with an intellectually disabled student artist to sell limited edition scarves for charity. Hermes Taiwan teamed up with Chou Ti-chuan, an intellectually disabled student at Taipei City Yangming Home for the Disabled, to design and create a limited edition scarf whose proceeds will be donated for charity. The scar will be priced at NT$6,800 (US$221.67) each, with only 600 available in the market.

THE INNOVATORS

Singaporean social enterprise baits charity donors with luxurious lucky draw prizes. The Given Company, a new social enterprise in Singapore, is raising money for charities by enticing donors with luxurious lucky draw prizes such as cars and private apartments. The company plans to take a commission of about five to 10 percent from each donation for subsequent draws to help pay for the prizes and other operating costs. The Given Company’s business model is triggering controversies and public debates around what the right motivation should be behind individual giving and the legal validity of this fundraising model in terms of Singapore’s relevant regulations and legislation.

THE VOLUNTEERS

Pilot program for youth leadership partners young leaders with social service organizations. Youth Corps Singapore initiated a new 10-week immersion program that placed 22 youth leaders for full-time work at 12 social service organizations, helping more than 1,900 beneficiaries and tackling social issues like care for the environment, the elderly, and people with special needs. “The objective is for our Youth Corps aspirants to develop a better understanding of the social sector and to acquire skills in serving the community,” said Grace Fu, Minister for Culture, Community, and Youth.

THE TRUSTBREAKERS

Facebook donation drive scam uses a photo of a comedian’s sick daughter. A picture of comedian Mark Lee’s sick five-year-old daughter was allegedly used in a Facebook donation drive scam. Lee and his wife said on social media last week they were alerted to a Facebook post soliciting donations using a picture of their daughter in a hospital war. The post had asked for SG$200,000 (approximately US$146,000). Such scams highlight the potential risks of donation drives done online and on social media, said multiple charity experts in the country. Andy Sim of the National Volunteer and Philanthropy Centre said online fundraising is a useful tool but faces a risk of fraud, while Tan En of crowdfunding platform Ray of Hope Initiative said, “The crowdfunding sector here is very small. There are only a few platforms, so whenever there is a scandal, people get skeptical.”