CapitaLand Hope Foundation donates S$735,000 to establish special fund for underprivileged children under the China Foundation for Poverty Alleviation
The Fund kick-starts partnership between CapitaLand Hope Foundation (China) and China Foundation for Poverty Alleviation to maximise CapitaLand’s community development efforts and ensure sustainable charity programmes in China
Beijing, China, 13 September 2013 – CapitaLand Limited (CapitaLand) is pleased to announce that its philanthropic arm, CapitaLand Hope Foundation (CHF), has donated S$735,000 (RMB3.51 million) to establish a special fund for underprivileged children under the China Foundation for Poverty Alleviation (CFPA).
The donation is part of a cooperation agreement that CHF’s China branch, CHF China (CHFC), has signed with CFPA to establish the CHFC Special Fund (Fund), which kick-starts the long-term strategic partnership between the two parties.
It will serve as initial capital for the Fund to help underprivileged children up to 16 years old. It is the first special charity fund established by a foreign real estate company in China under CFPA that covers a spectrum of needs across education, shelter and healthcare for underprivileged children.
The CFPA is the largest 5A-grade charity foundation for poverty alleviation in China. The 5A-grade is the highest level of accreditation for social organisations accorded by the Ministry of Civil Affairs of the People’s Republic of China.
The strategic partnership between CHFC and CFPA aims to leverage CFPA’s strong charity project management expertise and various social resources to optimise CapitaLand’s existing community development activities in China, including programme design and innovation, fund utilisation as well as to ensure sustainability
The programmes supported by the Fund in the first year include the CapitaLand Hope School Adoption Grant, CapitaLand Care for Community Grant, CapitaLand Therapy for Children Project, CapitaKids Programme @ Arts Scheme and My Schoolbag. Through these programmes, CapitaLand hopes to leverage the Group and CFPA’s presence to raise awareness of community development causes and encourage voluntary participation among staff, partners and the community-at-large in contributing to children’s causes.
Mr Tan Seng Chai, Group Chief Corporate Officer, CapitaLand Limited and Executive Director, CapitaLand Hope Foundation, said: “As one of the first foreign real estate companies to enter the China market close to 20 years ago, we are committed to give back to the local community. We recognise that the long-term success of the company’s business is closely intertwined with the health and prosperity of the communities in which we operate.”
“CHF has donated more than S$20 million since it was established in 2005 to support programmes for the education, shelter and healthcare needs of underprivileged children in Asia. In China alone, over 100,000 children have benefitted from our efforts. This has also provided an additional platform for our employees as well as external volunteers to participate in volunteerism initiatives."
He added: “CHFC’s partnership with CFPA demonstrates our long-term commitment towards making a difference for underprivileged children in China. Together with our strategic charity partner, we are convinced that we can better utilise our resources and influence more like-minded communities to join us in supporting underprivileged children in society.”
Mr Jian Shaogao, Vice President, China Foundation for Poverty Alleviation, said: “For decades, the CFPA has accumulated valuable experience in the area of poverty alleviation. Similarly, the CHFC has garnered outstanding achievements in helping underprivileged children. Today we are very happy to initiate this long-term strategic partnership with CHFC. We hope to combine the resources of both parties and leverage our respective strengths to deepen our philanthropic efforts to benefit more underprivileged children.”
Mr Qu Tianjun, Deputy Director-General, State Council Leading Group Office of Poverty Alleviation and Development said: “Capacity building through the strengthening of skills and competencies of the underprivileged is a key task in poverty alleviation. It is also an important role in the development of a prosperous Chinese society by 2020. Participation and support from various sectors is required to achieve this goal. The partnership between CHFC and the CFPA is a good example of collaborative efforts between the private and public sectors that we would like to advocate. We hope that more corporations will join in to contribute to poverty alleviation.”
Please refer to the Annex for more information on CHFC’s programmes.