Some Observations of Philanthropy in Hong Kong - PowerPoint PPT Presentation

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Some Observations of Philanthropy in Hong Kong

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  1. Some Observations of Philanthropy in Hong Kong Yuk-shan Wong City University of Hong Kong 21 January 2003

  2. Philanthropy in Hong Kong • relative new concept • not professionally managed • lack of co-ordination; co-operation; little information sharing Philanthropy in Hong Kong • relative new concept • not professionally managed • lack of co-ordination; co-operation; little information sharing

  3. Charitable & Fund Raising Activities • 1991 flooding in S.E. China, billions of dollars raised in one week’s time • every conceivable kind of “thon”: • walk-a-thon swim-a-thon • row-a-thon rickshaw pull • dress-up dress-down • concert/ball flag day • more than 250 NGOs, religious groups • - hospitals, schools, retirement homes

  4. Hong Kong Jockey Club • Annual Betting Turnover: US$11,900M • Donate US$200M annually • Special Projects • Hong Kong University of Science & Technology • Hong Kong Academy for Performing Arts • Ocean Park

  5. Hong Kong Jockey Club’s major donations to universities in the past decade UniversityProjectsAmount (HK$) University of Sci & Tech Construction/equipment of Campus 19 billion Chinese University Institute of Biotechnology (building) 170 million City University Complex for academic exchange & 100 million Student residence Polytechnic University Auditorium 63 million Baptist University Buildings for Chinese medicine 105 million Lingnan University Student hostel 78 million Hong Kong University Clinical buildings 270 million Institute of Education Model school 94 million All universities Research projects/initiatives 250 million Total amount of donation to universities from 1991-2001 HK$30.3 billion

  6. HK$ 19 billion single gift to build Hong Kong University of Science & Technology

  7. “Personalism” is the Key Word • Corporations, foundations and families are intimately connected • Low tax rate (15%) provides little incentive for corporations • Usually, substantive proposals describing the cause of donations are not important to donors • Members of Board of Trustee who know the donors will make all the difference • “To find a right solicitor to open his mouth at a right time to a right donor” Personalism is more important than professionalism.

  8. Professional solicitors are yet to be effective • Solicitors should be “heavy weight” with comparable status of the donors • Solicitors may also be donors to facilitate the exercise • (set good example) • Personal influence network is a “I-owe-you/you-owe-me” culture • Speak the same dialect; “home town” relationship

  9. Thank you !