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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 Read the Entire Article
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
"All investments are impact investments," says Adam Spence, CEO of SVX, a non-profit financial services firm that has just launched Canada's first index designed to measure the impact of investments...more
Environmental, social, and governance (ESG) investing has gained popularity in recent years as clients seek to align their investments with their values and promote positive change in the...more
Foundation: Silicon Valley Community Foundation, California Endowment
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Foundation: California Community Foundation, California Endowment
Ava DuVernay financed her latest film with money from the Giving Pledgean initiative of the California Endowment, the largest US foundation to commit its entire $4 billion portfolio to social and...more
In what may be a first for a major US city, Los Angeles has been chosen as the site of the 2024 Mission Investors Exchange National Conference, a conference that will focus on "investing in social...more
Foundation: Marguerite Casey Foundation, Marguerite Casey Foundation, Rockefeller Philanthropy Advisors, Skoll Foundation, Target Foundation, Ford Foundation, Philadelphia Foundation, Rockefeller Foundation
"The US creative economy was most recently valued at over $1 trillion by the National Endowment for the Arts," per a press release, "even before considering film, fashion, video games, beauty, food,...more
"Having a purposeful job actually does transform someone's life," says Edwin Walsh, who runs a social enterprise in Australia called Assembled Threads. "You actually are moving someone from...more
A new scholarship fund in Canada will help high school students who want to further their education, the CBC reports. The Westlock Community Foundation in Alberta received a $26,800 donation from...more
Foundation: Citi Foundation
"To the youth, I urge you to be proactive, resilient, and persistent on your entrepreneurial journey," says the UN's resident representative in the Philippines. "Make your voices heard, take up...more
Canada is putting its money where its mouth is, with a $2.5 million investment in five projects in India meant to help the country's poor, the Toronto Star reports. "Many of these novel projects...more
Philanthropy News from...
Cleveland Foundation
Community Foundation of Jackson Hole
Community Foundation of Sarasota County
Silicon Valley Community Foundation
California Endowment
California Community Foundation
Marguerite Casey Foundation
Rockefeller Philanthropy Advisors
Skoll Foundation
Target Foundation
Ford Foundation
Philadelphia Foundation
Rockefeller Foundation
Social Entrepreneurship
Spotlight
Building a Million Dollar Company Where Everyone Counts
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
