China’s philanthropic sector had its share of controversies lately. In an effort to encourage foundations to be more transparent, the Ministry of Civil Affairs issued regulations this week requiring foundations to regularly publish detailed reports of their donations and expenditures. The regulations acknowledged the right of donors to know how donated funds are spent and foundations must “give truthful and timely answers.”
In the Global Times report, representatives from the Jet Li One Foundation and the Narada Foundation believe these regulations will move the field forward.
With charitable foundations numbering 2,500 in 2011, I wonder how the Ministry intends to enforce these regulations and what the penalties look like.