Who’s Doing Good?

15 April 2019 - 28 April 2019

THE GIVERS

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

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

THE THINKERS

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

THE NONPROFITS

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

THE BUSINESSES

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

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

THE INNOVATORS

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

THE VOLUNTEERS

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

THE TRUSTBREAKERS

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

Who’s Doing Good?

8 April 2019 - 14 April 2019

THE GIVERS

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

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

THE THINKERS

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

THE NONPROFITS

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

THE BUSINESSES

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

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

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

THE INNOVATORS

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

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

THE VOLUNTEERS

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

Who’s Doing Good?

1 April 2019 - 7 April 2019

THE GIVERS

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

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

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

THE THINKERS

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

THE NONPROFITS

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

THE BUSINESSES

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

THE INNOVATORS

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

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

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

Who’s Doing Good?

18 February 2019 - 24 February 2019

THE GIVERS

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

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

THE THINKERS

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

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

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

THE NONPROFITS

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

THE BUSINESSES

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

THE INNOVATORS

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

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

THE VOLUNTEERS

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

Who’s Doing Good?

21 January 2019 - 27 January 2019

THE GIVERS

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

THE THINKERS

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

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

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

THE NONPROFITS

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

THE BUSINESSES

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

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

THE INNOVATORS

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

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

Who’s Doing Good?

17 December 2018 - 23 December 2018

THE GIVERS

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

THE THINKERS

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

THE NONPROFITS

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

THE BUSINESSES

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

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

THE INNOVATORS

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

THE VOLUNTEERS

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

Who’s Doing Good?

10 December - 16 December 2018

THE GIVERS

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

THE THINKERS

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

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

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

THE NONPROFITS

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

THE BUSINESSES

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

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

THE TRUSTBREAKERS

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

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

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

Who’s Doing Good?

3 December 2018 - 9 December 2018

THE GIVERS

Singapore-based Vietnamese private equity veteran champions social entrepreneurship as his area of philanthropic focus. Lam Nguyen-Phuong, who was co-founder and senior managing partner of the private markets division of the Capital Group before his recent retirement in January, supports social entrepreneurship as his area of philanthropic focus. However, Nguyen-Phuong is not in it for profit, steering clear of impact investments for his personal portfolio: “I’ve been approached by social impact [investment] firms to invest, and I refused… Impact investments have a built-in conflict, as investors may say—why can’t we limit the social impact for a higher return? But profit has to come after purpose, and only to make it self-sustainable. When I used to make investments for [private equity] clients, the main objective was to make a profit. If in the process there was a social benefit, that was good.” In his personal capacity, Nguyen-Phuong has supported Ashoka and is a donor through an Ashoka endowment fund set up in his family’s name to support entrepreneurs in emerging markets, as well as personally mentoring social entrepreneurs under organizations that he personally supports.

Samsung Welfare Foundation names tycoon’s daughter as new chief. Stepping down from her position as president of the fashion division of Samsung C&T Corporation, Lee Seo-hyun, a daughter of hospitalized Samsung Electronics Chairman Lee Kun-hee, will now assume a new role as chairman of the Samsung Welfare Foundation. She will start her four-year term on January 1, 2019. Samsung Welfare Foundation, one of Samsung’s four foundations, was established in 1989 by Lee Kun-hee in an effort to expand Samsung’s charity projects and initiatives.

Japanese actress’ fund helps renovate school in Nepal. A fund run by Japanese actress Norika Fujiwara has been used to renovate a high school in Nepal. Fujiwara’s “Smile Please World Children’s Fund” helped provide the previously dilapidated Shree Ganesh High School with five new classrooms and a water facility for its 447 students. Nepal represents the third country after Afghanistan and Cambodia where the actress has helped build schools. It is uncommon for Japanese actresses to do charity work, she said, adding, “I want to tell the reality of the world to the Japanese society.”

K-Pop girl group member donates ₩50 million to charity. Seol-hyun of K-Pop girl group AOA recently donated ₩50 million (approximately US$44,385) to the Community Chest of Korea for supporting children from low-income families. This particular donation marks the third donation that Seol-hyun has individually made to various causes. In the previous year, she made two donations of the same amount to help victims of an earthquake in Pohang, Korea, and to help deaf children in Seoul.

Lego Foundation grants US$100 million to help refugee children. In its first major humanitarian project, the Lego Foundation announced its decision to provide US$100 million over the next five years to Sesame Workshop’s work with the International Rescue Committee and with the Bangladeshi relief organization BRAC. The aim is to create play-based learning programs for children up to the age of six in Lebanon, Jordan, Iraq, and Bangladesh. “We do risk losing a whole generation if we don’t help the children who find themselves in these emergency settings,” said John Goodwin, the chief executive of the Lego Foundation.

THE THINKERS

“A few NGOs are getting a lot of bad press. What’s the overall track record?” Having observed an increasing number of nonprofits coming under fire, The Washing Post explores recent cases and incidents that may explain why. From multiple sexual abuse scandals in developing economies to lack of accountability to meet organizational goals and targets, nonprofits dominated many frontpage headlines throughout the year. At the same time, there were several favorable polls that attested to society’s positive perception of and trust in the nonprofit sector. To figure out the true impact of nonprofits beyond perception, the authors studied a random selection of 300 published articles and reports on nonprofits and found that nearly 60% of them reported solely favorable effects of nonprofits on development outcomes, while just 4% reported that they had only unfavorable effects.

“Impact investing can be next growth and job engine for India: Amit Bhatia, Global Steering Group.” In this e-mail interview with The Economic Times, Amit Bhatia, global chief executive officer of the Global Steering Group for Impact Investment, speaks about the growing market of impact investing and its significance. Most notably, Bhatia shares how the impact economy is now worth US$23 trillion—US$16 trillion in responsible investing, US$6 trillion in sustainable investing, and US$0.25 trillion in impact investing. In terms of the future growth trajectory, Bhatia refers to his organization’s recent study with KPMG, sharing that by 2020, impact investments will cross US$468 billion.

Noteworthy talks and sessions at this year’s Yidan Prize Summit. Now in its second year, this Hong Kong-based education-focused forum brings together thought leaders—policymakers, business leaders, philanthropists, politicians, and educators—to formulate strategies to ensure today’s education meets the needs of tomorrow. In this feature article, Hong Kong Tatler previews and spotlights seven sessions at the event—from conversations with this year’s laureates to “Growing the Right Talent for Tomorrow” with Hong Kong philanthropist and Hang Lung Group chairman Ronnie Chan.

THE NONPROFITS

Filipino government awards Singaporean nonprofit helping foreign domestic workers. President Rodrigo Duterte conferred the Kaanib ng Bayan (Nation’s Partner) Award to the Foreign Domestic Worker Association for Social Support and Training (Fast). The organization, a charity supported by the Singapore Ministry of Manpower, was recognized for its “exception or significant contribution… to advance the cause or promote the interests of overseas Filipino communities.” Seah Seng Choon, the charity’s president, told The Straits Times, “It’s a recognition of the work that Fast is doing, and we’re glad that we have been recognized. This encourages us to do more.” Since its founding in 2005, Fast has been organizing courses and programs to help domestic workers learn skills that can add value to their work and enhance their future employability. These include cooking, baking, infant- and eldercare, foot reflexology, computer literacy, English, stress management, and entrepreneurship. Over 25,000 foreign domestic workers go through these courses each year.

Korean President invites major charity groups to top office and promotes culture of giving. President Moon Jae-in invited and hosted on Friday 15 of the country’s major charitable organizations at the Blue House. These charities included, for example, Salvation Army Korea, Good Neighbors, World Vision, and Child Fund. The Blue House said the event was arranged to imbue the public with the spirit of sharing and giving toward underprivileged neighbors during the year-end season, noting it is the first such gathering of the major charities. President Moon and First Lady Kim Jung-sook also delivered their donations to each of the participating groups.

Delhi city government bars Bloomberg-funded charity from tobacco control work. According to a city government official and a memo seen by Reuters, a small Indian nonprofit funded by Bloomberg Philanthropies will not be allowed to carry out tobacco control work in New Delhi after it failed to disclose its funding. The same official also added that other foreign-funded organizations will need to seek prior approval in the future for anti-tobacco activities. The Delhi city government’s decision comes amid similar moves by the Indian government, which has since 2014 tightened surveillance of foreign-funded charities. An anonymous anti-tobacco activist commented, “This is sending a wrong message. They are basically deterring tobacco control.”

Pakistani government officially announces expulsion of 18 charities. Pakistan announced on Thursday it was expelling 18 international charities amid growing paranoia that Western aid agencies are being used as a front for espionage. Umair Hasan, the spokesman for the Pakistan Humanitarian Foundation, an umbrella representing 15 of the 18 charities, said those charities alone help 11 million impoverished Pakistanis and contribute more than US$130 million in assistance, adding, “No organization has been given a clear reason for the denial of its registration renewal applications.” However, Shireen Mazari, the country’s human rights minister, said on Twitter the 18 groups were responsible for spreading disinformation. “They must leave. They need to work within their stated intent which these 18 didn’t do,” she said.

Number of new charities in Singapore down to 10-year low. The number of new charities in Singapore hit a 10-year low last year. According to the Commissioner of Charities’ latest annual report, only 39 groups registered as charities last year. This is down from 49 a year before and 59 in 2008. Various experts have explained this decline could be due to the rise of informal help groups and the sector reaching a saturation point. Charity Council chairman Gerard Ee said, “There are so many charities out there fighting for the same donation dollar, and it is very difficult for new charities to raise funds. So people may think it’s easier to volunteer at existing charities, doing the work they were thinking of doing, instead of starting a new charity.”

THE BUSINESSES

UBS streamlines efforts to address the rising importance of gift-giving to the world’s wealthy. Switzerland-based global bank UBS has recently streamlined its group-wide philanthropic efforts, consolidating them into a single 45-member team. Phyllis Costanza, a veteran who has served at the bank for seven years, has been tasked with leading the team. Costanza also heads the UBS Optimus Foundation, which successfully launched a high-yielding bond linked to the learning development of young girls in Rajasthan, India, in 2016. UBS executives, Hubertus Kuelps and Joe Stadler, were confident the team would achieve “measurable social impact through their philanthropic activities, while also generating enhanced business growth for UBS.”

A look at HSBC’s philanthropic activities and how it approaches maximizing social impact. Cynthia D’Anjou-Brown, Asia head of philanthropy and family governance advisory services for HSBC Private Banking, details in this interview the bank’s extensive work in advising and supporting its private banking clients in regards to the charitable and philanthropic sectors. According to D’Anjou-Brown, the bank has learned that matching donors with causes they feel passionate about and tapping into their expertise help maximize impact.

THE INNOVATORS

Recent seminar in Thailand discusses the importance of social enterprises in boosting sustainable development. At “Thailand Social Enterprise: The Way Forward,” various stakeholders and experts gathered to discuss the role of social enterprises in contributing to Thailand’s sustainable development and growth. Kittipong Kittayarak, executive director of the Thailand Institute of Justice, noted that building a supportive ecosystem is important: “The law alone cannot govern every part of the ecosystem. Cooperation from all sectors, namely incubators, education sector, financial institutions, entrepreneurs’ associations, and public sector are key for the successful implementation and development of social enterprises.” Sarinee Achavanuntakul, co-founder of Sal Forest, Thailand’s first “sustainable business accelerator,” said that the biggest challenge is social entrepreneurs abandoning their mission or having very little social impact and that as such, the most important thing is evaluating the enterprise’s social impact, as well as the pressure it can have on the public. This seminar hosted by the Thailand Institute of Justice occurred amidst a recent public hearing on the Social Enterprise Promotion draft bill, which has now reached the final stage before being handed over to the National Legislative Assembly for consideration.

THE VOLUNTEERS

Student charity run in Malaysia collects RM200,000 (approximately US$50,000) to support victims of human trafficking. The race was organized as part of the global charity event, “24-Hour Race,” and saw participation from over a thousand people who completed over 15,000 laps. This year’s race was the event’s eighth iteration and increased the total amount collected by the event to RM4.85 million (approximately US$1.2 million). The money will be channeled to The Exodus Road, a nonprofit organization that will train and equip 24 national local law enforcers and help fund 24,000 hours of investigation across 2,400 locations to support victims of human trafficking.

THE TRUSTBREAKERS

 Self-proclaimed Thai philanthropist organizing anti-drug campaign arrested for drug trafficking charges. Kalyakorn Siriphatarasomboon, better known by her nickname as Jay Lin, was arrested in Phrae province in northern Thailand for drug trafficking charges. The police found and seized 1.6 million tablets of methamphetamine and 10 kilograms of crystal meth aboard a pickup truck which she was driving. The suspected drug trafficker had launched an anti-drug campaign among local teenagers, especially youth soccer players, in Chiang Mai, Thailand, and donated money to impoverished people in the region, but the police suspected such charitable acts and events were merely a cover-up for her drug trafficking crimes.
Seoul city government-backed foundation accused of various corruption incidents and organizational malpractices by current and former employeesThe Seoul Digital Foundation, founded by the Seoul Metropolitan Government and funded by its taxpayer money, was accused of various questionable practices by current and former employees. For one, the foundation’s chairman used a corporate card under the foundation 37 times—mostly on Friday nights—for personal meals near his apartment, totaling an amount of approximately US$2,719. In public audit hearings, the foundation’s chairman would resort to the excuse of funding security and cleaning staff’s meals. It was also revealed that the chairman used the corporate card to watch professional baseball games and to pay for meals and drinks at these games. Covering up and disguising these payments was considered a daily practice within the organization, as staffers were ordered to record fake meeting minutes.
Various side effects appear for Japan’s hometown tax donation (furusato nōzei) system. What was originally intended to be a system to encourage and incentivize individual giving to local governments turned out to be a tax loophole and a profitable trade in goods and services. Over the years, some local governments began offering gifts in return for donations. The law does not prohibit gift-giving, but in principle, items on offer should be produced in the area represented by the local government in question. However, more and more governments are offering expensive gifts that have no relation to their local industry or agriculture, with competition heating up to the degree that dozens of websites have appeared to help consumers choose among gifts that are available. Some have also pointed out how the system is particularly advantageous for the wealthy who pay higher residence taxes, as they can claim a part of their residence tax payment as a deductible donation.

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?

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.”