Asian Philanthropy News Digest 09/03/2010

Shanghai residents more willing to donate to charity. A MasterCard International survey found that nearly 60 percent of Shanghai residents plan to donate to charity over the next six months, the highest rate across China. Beijing and Guangzhou followed Shanghai. Nearly half of those who plan to make a donation expect to give 1 to 2 percent of their annual income. Chinese males were more generous than females. Older and married people appear to be more generous.

Endowment envy: Investing to donate? The idea of gift planning and deciding to name a charity in one’s estate plan is a major subject in U.S. nonprofit fundraising conversations. A unique field has been built around this special professional niche in fundraising. Imagine my surprise to read an article in the Australia’s Sunday Times about the subject of bequests and endowment fund gifts! It’s great to see that gift planning is catching on elsewhere!

Philanthropy thriving at Shinhan Bank Foundation. Shinhan Bank was South Korea’s first bank to file a Corporate Social Responsibility report in 2006. This article provides examples of how the bank pursue’s its diverse forms of philanthropic work – including the engagement of employees in workplace campaigns.

Business for a Cause. Vietnamese-American David Duong was appointed to serve on the board of Vietnam Education Foundation (VEF). David was born in Saigon and emigrated to the US in 1976. He made his fortune as CEO of California Waste Solutions. VEF was founded in 2007 by former President Bill Clinton as an independent organization, funded by the US government. VEF grants scholarships to young Vietnamese scientists and students to study in the US.

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