In recent years, Chinese philanthropists have become increasingly involved in private, corporate and institutional giving. The constant stream of new policies, particularly the newly-adopted Charity Law, offers a new environment for philanthropic activities. However, according to Harvard University’s recent China Philanthropy Project report, philanthropy is still a relatively small sector in China. In 2014, giving accounted for just 0.1% of China’s gross domestic product (GDP). This falls short of the 2% of GDP in the US and 0.4% in India. The increased interest in giving among the new generation of Chinese entrepreneurs may change the situation and help expand the philanthropic space.
This session will address learning points and best practice sharing between Mainland Chinese foundations and philanthropic institutions compared with their international counterparts.