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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: Vermont Community Foundation
Lawson's Finest & the Vermont Women's Fund celebrate International Women's Day.The event featured a keynote from Emily Bush, Director of the Vermont women's Fund.The Community Foundation and its...more
Foundation: Lancaster County Community Foundation
In Lancaster County alone, nonprofit organizations received over $180 million in federal grants in 2024.If the federal government withdraws needed support, decades of this community's hard work to...more
In an increasingly interconnected world, philanthropy is not just admirable it's essential.Modern giving often emphasizes education, infrastructure, and empowerment tools that help individuals and...more
Initially launched with a product-based model, Dreamcatching features four individuals living with mental health diagnoses.They include a Chief Marketing Officer, behavioral health director, order...more
Philanthropy leads Westfield High School grad to Princess Program.Applicants must attend an accredited Indiana college or university.Laura Shupe is most looking forward to the Indy 500 May 25 at the...more
Sydney philanthropist and business leader David Gonski is responsible for the building in which they stand.He convinced the Coalition government of Mike Baird to greenlight the gallery's $344 million...more
The Social Emotional Active Learning (SEAL) program is designed to build empathy, emotional awareness and key social skills through active learning.The SEAL program uses games, props and situational...more
WayMakers is an organisation which supports people with autism and ADHD.Founder Alex Kelly says businesses may not be aware of the support available.Support includes neuro-affirming strategy...more
Singapore awards grants to developers, launches $15m carbon fund.3Degrees, Climate Bridge International and The Nature Conservancy will receive grants.A Chinese project developer has set up an...more
Foundation: Idaho Community Foundation
Donors contributed over $5.1 million to support state nonprofits during the four-day event, April 28-May 1.The Idaho Humane Society recorded the most donors: 698 raising $76,199.There are over 2,000...more
Philanthropy News from...
Vermont Community Foundation
Idaho Community Foundation
Lancaster County Community Foundation
Retirement Research Foundation
Niagara Community Foundation
Victoria Foundation
Home Depot Foundation
Community Foundation of Sarasota County
Manatee Community Foundation
Gates Foundation
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