Who’s Doing Good?

19 November 2018 - 25 November 2018

THE GIVERS

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

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

THE THINKERS

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

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

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

THE NONPROFITS

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

THE BUSINESSES

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

THE INNOVATORS

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

THE VOLUNTEERS

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

Who’s Doing Good?

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?

15 October 2018 - 21 October 2018

THE GIVERS

Chinese Americans’ contributions to and role in the United States philanthropic landscape grow. The article mentions recent trends in philanthropic giving among high-net-worth Chinese Americans and features individual philanthropists as case studies. From the Huntington Library’s Chinese garden, which received gifts of US$10,000 or more from 400 Chinese American families and those of US$1 million or more from 20 Chinese American individuals, to a 418% increase in the number of Chinese American foundations between 2000 and 2014, Chinese American philanthropy is clearly shown to be on the rise. In recent days, Chinese American philanthropists have adopted new innovations in giving, including impact investing, as well as giving back more to their home countries. “Chinese Americans are now proud of ascendant China and want to support the institutions that make it both in education and culturally a powerhouse,” said Randy Shulman, vice president for advancement at the Huntington Library.

THE THINKERS

“Getting the Best Possible Failures in Philanthropy: What constitutes ‘good’ failures in philanthropy, and how can we have more of them?” In this article, Jen Ford Reedy, president of the Bush Foundation, suggests that “not all failures are created equal” and that there needs to be another element added to our standard practice in philanthropy: “failure optimization planning.” In other words, “how can we design our strategies so that if they do fail, they will be good failures?” Three ways that a failure can be “good” include: “1) contribute knowledge to the field, 2) have a significant, positive, but unintended consequence, or 3) increase the capacity of all involved to try other approaches.”

Making bequests to nonprofit organizations rise in Japan as a new way of giving back to society. The recent trend appears to be fueled by the growing number of people living alone and heightened interest in preparations for the end of one’s life. It is also important to consider the fact that in Japan if there is no one to inherit an estate, it goes into the state coffers, so it has naturally become more popular among aged individuals living alone to consider giving back to charities of their choice. The potential for bequests is expected to be greater and greater, as time passes. According to the Cabinet Office, there were about 5.9 million households in which a person aged 65 or older lived alone in 2015. The figure is estimated to reach about 7.6 million in 2035.

THE NONPROFITS

Aid to 11 million at risk as Pakistani intelligence force 18 charities to close operations. Amidst the Pakistani government’s recent decision to inform 18 foreign nonprofit organizations to close down their operations in the country, it has been claimed that Pakistan risks losing at least £100 million (approximately US$130.6 million) worth of aid for 11 million citizens in need. The expelled organizations also directly employ more than 1,100 staff in Pakistan. According to the article, it is thought that Prime Minister Imran Khan’s government made the decision under pressure from Pakistan’s powerful military spy agency which has accused foreign aid organizations of being a front for espionage. “We are deeply saddened by the government decision and extremely concerned about the impact it will have on communities, particularly hundreds of thousands of children the organization is currently supporting, as well as our own staff—who are all Pakistani nationals,” said a spokeswoman for Plan International.

THE BUSINESSES

JD.com’s green initiative for sustainable consumption. JD.com, China’s largest retailer, the World Wide Fund for Nature (WWF), and The China Children and Teenagers’ Fund (CCTF) are partnering to launch a second annual Green Planet-Sustainable Week, raising awareness about sustainable consumption in China. JD.com plans to promote reusable shopping bags created from the fabric of discarded apparel in response to a call from the WWF to reduce pollution caused by plastics. Customers will also be able to trade in major appliances for recycling by third-party companies through JD.com’s platform. “The spectacular rise of Chinese consumption has been a major force behind the country’s incredible economic story, but has also contributed to unprecedented environmental challenges,” said Zhonghao Jin, head of market practice at WWF China. He believes this week’s activities will help “raise consumer awareness and accelerate the mainstreaming of sustainable consumption.” 

THE INNOVATORS  

A skincare social enterprise is changing the lives of women and girls in rural India. Anju Rupal, the founder of the ethically minded, charitably driven beauty brand Abhati Suisse, is an “aesthetic activist.” Before launching her company, Rupal helped run a shelter for victims of domestic violence, founded a children’s clinic in Switzerland, and created a reforestation nonprofit. During her time at the reforestation nonprofit, she identified a business opportunity to produce organic beauty items that would also help address the issue of gender inequality in India. Working with the beauty industry’s top chemists in Switzerland, Abhati Suisse utilizes locally harvested ingredients from India to produce organic beauty products, whose sales are then used to help send women and girls in India to schools. To date, Abhati Suisse has helped more than 120,000 girls.

Unilever Philippines combines e-commerce and philanthropy to help children in need. Initiated by Unilever Philippines, Shop2Give is a one-day shopping event on Lazada. On this special day of giving back to society, product illustrations on the e-commerce platform were changed into quirky illustrations reminiscent of children’s doodles, and every purchase went towards Shop2Give’s beneficiaries, which was further matched by Unilever Philippines as a donation to UNICEF.

Indian Prime Minister to unveil a CSR portal on October 24, 2018. Prime Minister Narendra Modi will unveil a portal for CSR and volunteering in an ambitious bid to consolidate such efforts to maximize their effect and help boost the government’s initiatives. The Ministry of Electronics and Information Technology is making hectic preparations for the launch of the portal, which is being developed by MyGov and will host CSR activities that have already been kicked off. The idea is to create a resource pool and find a way to “harmonize efforts,” not just across companies, but also to “align” them with the priorities of the government in areas such as the Skill India, Digital Literacy, Financial Inclusion, and Swachh Bharat campaigns, said a person aware of the development.

THE VOLUNTEERS

Korean nonprofit head leads volunteer activity in Vietnam for 12 years. Global Friends began its volunteer work in 2006 to help bereaved family members of the Vietnamese War. Choi Kyou-take, founder of this organization, has since led volunteer medical services, offered scholarships, and donated personal computers to rural communities in Vietnam. “Global Friends isn’t a large charity group, but has conducted volunteer activity for more than 10 years in the Southeast Asian country, Choi told The Korea Times, adding, “Not many charity groups in Korea volunteer in a certain country for more than 10 years.”

THE TRUSTBREAKERS

Former Deputy Prime Minister of Malaysia claims trial to 45 charges. The Malaysian Anti-Corruption Commission (MACC) has arrested Ahmad Zahid Hamidi and carried out investigations over alleged abuse of funds linked to his family-run foundation, Yayasan Akalbudi, as well as another probe related to 1MDB over a meeting with a member of the Saudi Arabian royal family. Zahid claimed trial on October 19 to 45 charges of criminal breach of trust, abuse of power, and money laundering involving some RM114 million (approximately US$27.4 million). One of the charges is believed to be related to claims that RM800,000 of funds from Zahid’s charity had been used to pay for his and his wife’s credit card bills between 2014 and 2015.

British government to fund a global register of sex offenders in the charitable sector. Following the Oxfam abuse scandal, where volunteers sexually exploited victims of the Haiti earthquake in 2010, the British government has announced its decision to launch a global register of suspected sexual predators to crack down on abuse in the foreign aid sector. Named “Soteria” after the Greek goddess of protection, the register will be funded by £2 million (approximately US$2.6 million) of British aid money. The five-year program will operate from two hubs in Africa and Asia and allow charities to check the criminal records of existing and future employees. Interpol, the Association of Chief Police Officers’ Criminal Records Office, and the Department for International Development will work together on the database, which will issue international alerts if someone is deemed to be a threat to public safety.

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?

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?

20 August 2018 - 26 August 2018

THE GIVERS

Chinese billionaire shares his story of donating for brain research. Shanda Investment Group founder Chen Tianqiao has dedicated US$1 billion to help with brain research, saying that a better understanding of how the brain works could help better treat mental disorders and neurodegenerative diseases. His donations include a US$115 million gift to the California Institute of Technology and a 500 million yuan (approximately US$72.9 million) to the Fudan University-affiliated Huashan Hospital. In this interview with Bloomberg, Chen shares his thought on the field of brain research and his philanthropy.

THE THINKERS

New financial disclosure requirement brings further confusion to the charitable sector in Hong Kong. Vincent Cheng (CAPS) analyzes the Hong Kong government’s requirement stipulating all charities to release audited financial accounts of their public fundraising activities. Intended to address public concerns over costly charity fundraisers, he believes the measure will instead further deepen public misperception and mistrust of overhead costs, and penalize less established charities with an even greater administrative burden. For the English version, click here.

Corporate giving – when cash isn’t always best. Cash continues to be the preferred form of giving for the company in Singapore, with perceptions that larger the monetary donation the merrier, a program of the National Volunteer & Philanthropy Centre finds. SME which makes up over 90% of enterprises in Singapore suffer from this mindset, leaving them feeling like they have nothing to give. But the trend is gradually shifting in a healthy way. Companies are found to diversify their engagement with charities, such as in-kind donations, purchase of goods and service from non-profits, and volunteerism. They are also exploring ways to give more effectively.

Study finds Korean conglomerates’ dominance in the economy, including corporate donations. A new study by the Korea Economic Research Institute found that the 31 largest conglomerates in Korea account for two-thirds of the country’s facilities investment and exports, as well as close to half of research and development investment, donations, and market capitalization. In particular, with 2.4 trillion (approximately US$2.4 billion) in 2016, these companies made up 51.4% of all corporate donations. “The chaebol groups are leading Korea’s economic development and playing an important role in boosting the people’s quality of life,” said Yoo Hwan-ik, the head of innovative growth at the institute.

THE NONPROFITS

Chinese NGOs to offer its development model abroad. A MoU between China NGO Network for International Exchanges and Social Welfare Council (SWC) of Nepal has initiated a deal to allow 30 Chinese NGOs to enter Nepal. This deal is seen to be a part of China’s “Going Global” formulated in 2001 to further its “public diplomacy” abroad. Chinese NGOs, such as One Foundation, and the Amity Foundation, first entered Nepal in 2015 to support victims of a mega-earthquake.

THE BUSINESSES

Apple donates US$1M to Kerala flood relief efforts. After opening iTunes’ donation mechanism earlier this week to help victims of the Kerala floods in India, Apple pledged Rs 7 crores (approximately US$1 million) to support Mercy Corps efforts in the region. Apple has in the past made direct contributions to relief and rehabilitation efforts, including a US$2 million donation for Hurricane Harvey relief, and US$1 million for last year’s Southern California wildfires. The company also donated US$1 million to a Chinese NGO after heavy rains caused massive flooding along the Yangtze river in 2016.

First National CSR Awards in India now opens for nominations. The Corporate Affairs Ministry of India has invited entries for nominations for the first-ever National CSR Awards. “MCA has instituted National CSR Awards 2018 to recognize corporate initiatives in the area of CSR to achieve inclusive growth along with inclusive and sustainable development,” the Ministry said. The enactment of Companies Act, 2013 has made the CSR mandate a part of corporate functioning.

THE INNOVATORS

Crowdera: This crowdfunding platform is creating a ‘giving economy’ by connecting do-gooders with those in need. India is well-versed with the concept of crowdfunding, especially when it comes to seeking aid in the form of donations during medical emergencies and natural calamities. Crowdera has launched the latest efforts “Stand with Kerala”, where the Chief Minister’s Distress Relief Fund is accepting donations made through Internet banking, RuPay cards, Paytm and bank transfers. The startup is also working to make fundraising “a sustainable process”, so that, in a year or a two, fund-seekers can look at previous donors on the platform for further fundraises.

THE VOLUNTEERS

Korean Air volunteers build homes in Bicol, Philippines. Korean Air’s volunteer group “Didimdol” flew to the Bicol region of Philippines to volunteer for the local community. They helped the local residents of the village to build homes as well as provide free meals at the slum areas and elementary schools. As one of the world’s top 20 airlines, Korean Air continuously supports global volunteer activities in order to perform its corporate social responsibility.

THE TRUSTBREAKERS

Japanese charity telethon faces criticism over squanders on charitable donations. People—with great goodwill—donate money to support charitable endeavors. To their dismay, they soon find out that a considerable portion of their donation does not go to the intended cause. The donor feels deceived. This was the case of Nippon TV’s charity telethon, “24-Hour Television”, which raises money for charitable causes. Much of the 7 billion yen (approximately US$ 63 million) raised last year is said to be deducted for production expenses: two emcees of the show last year were allegedly paid 5 million yen (approximately US$50,000) each, and a celebrity “volunteer” was paid 10 million yen (approximately US$90,000) to participate in the show. Many deemed the show hypocritical.