What’s happening in China philanthropy?

Aug 30, 2011

Last week, Amway was invited to present on a panel discussing philanthropy in China. As we mentioned in a previous post, Amway has opened the first private foundation established by a multinational company in China.  

We learned a lot from our colleagues at Give2Asia and Starbucks. Here are a few:  

  • There are now around 447,000 nonprofit organizations in China. The first was established in 1994. 
  • In addition to a new Amway foundation, the first foundation established by a private individual (Jet Li) was also established this year in China. 
  • Many, like Starbucks, are making investments in China through a donor advised fund, since it is difficult to establish their own foundation. 
  • The legal landscape, registration requirements and transparency issues in China are all complex. 

At the end of the conversation, what I really understood better is the significance of the investments that Amway China has made over the past 16 years.  

The establishment of the Amway Charity Foundation is a new approach, but only possible because of years of commitment to improving children’s lives, working closely with agencies, government agencies, local schools, and our own generous salesforce.  

To view the webinar, visit the ACCP website, and go to the member toolkit section (login required  

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