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,
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
The strategic partnership between CHFC and CFPA aims to leverage CFPA’s strong charity project management expertise and various social resources to
The
“CHF has donated more than S$20 million since it was established in 2005 to support
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
Please refer to the Annex for more information on CHFC’s