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The giving season is upon us, which means it's time for you to start thinking about what you'd like to do with your money.
If you're in China, you can do so on Tencent's 99 Giving Day, which takes place on the first Saturday in February.
The social media and e-commerce company's founder, Pony Ma, has pledged to donate 99% of his company's profits to charity, the BBC reports.
It's the first time a Chinese company has raised that much on a single day, and it's part of Ma's larger philanthropic push in the country.
He's also pledged to donate 10% of his company's profits to charity every year for the next three years.
China's giving scene has changed in recent years thanks to the country's Internet and e-commerce giants, as well as the government's support of traditional Chinese cultural values, Quartz reports.
According to a 2016 UN report, most online donors in China are young, and younger people in China are more likely to give to charity than people in the West, who are typically wealthy individuals, followed by foundations, and then corporate giving.
"The innovative approach to giving developed has made it easier than ever for people
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Ameriprise Financial
Ameriprise Financial announced nearly $2 million in donations to over 85 nonprofits across the U.S. as part of its first round of 2025 grants, along with $1.58 million in matching gifts from...more
Sustainergy is a worker cooperatives based in Cincinnati, Ohio.The co-op was founded in 2013 by two first generation immigrants.It provides free energy assessments for over 5,000 Cincinnati...more
Foundation: Headwaters Foundation for Justice, MacArthur Foundation, Marguerite Casey Foundation, Marguerite Casey Foundation
This imbalance is all the more jarring given that Native communities are reeling from the Trump administration's draconian spending cuts.Funders with a track record of supporting Native American...more
Sphinx Works to Diversify the World of Classical Music as Funding Contracts.Sphinx has launched six successful classical ensembles, commissioned nearly 100 works by composers of color, and grown an...more
Foundation: Minneapolis Foundation
A federal judge has ordered the Trump administration to release $180 million in federal funding for environmental justice projects, including $60 million in the Pacific Northwest.The Environmental...more
Morgan Stanley Climate Fund Invests $30 million in Methane Emissions Management Platform Insight M.Insight M is an energy sector-focused methane management solutions provider.The investment was made...more
Justin Bieber's wife is a prominent figure in social media and the fashion industry.Her influence in the fashion world has surged in recent months, especially with the release of her new...more
Nest Inc.empowers women artisans globally by providing training, funding, and market access.Nest helps artisans tap into this market by connecting them to brands like GAP, Ralph Lauren, Target, and...more
English has spent her career working at the intersection of farming and public health.Before joining the Walton Personal Philanthropy Group as a senior program officer, she was director of the...more
Nest Inc.empowers women artisans globally by providing training, funding, and market access.Nest helps artisans tap into this market by connecting them to brands like GAP, Ralph Lauren, Target, and...more
Philanthropy News from...
Ameriprise Financial
Headwaters Foundation for Justice
MacArthur Foundation
Marguerite Casey Foundation
Minneapolis Foundation
Gates Foundation
Hewlett Foundation
Open Society Foundations
California Community Foundation
International Community Foundation
San Diego Foundation
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