SAN FRANCISCO, Feb. 14, 2014 (GLOBE NEWSWIRE) -- Today, Give2Asia, a US-based social enterprise that serves as a catalyst for philanthropic investment in Asia, announces a new partnership with China Social Entrepreneur Foundation, also known as YouChange, to set up the YouChange-Give2Asia Special Fund in China.
The Special Fund will provide Give2Asia with a platform for raising funds and managing local giving programs for international corporate donors in China who wish to engage their local offices and employees in China in tax-deductible giving that supports Chinese organizations and philanthropic programs. This new partnership will allow Give2Asia to further support social innovations and solutions that address local community needs.
"Setting up the YouChange-Give2Asia Special Fund in China is an important step for Give2Asia and for the services we provide in the region. It enables us to directly work with clients in China to support philanthropic programs and organizations," said Ta-lin Hsu, Chairman of the Board of Give2Asia. "Give2Asia is also able to provide advisory services and first-class stewardship for clients in China to help them deliver effective and excellent philanthropic programs."
"Working with Give2Asia," said Ms. Wang Ping, Chairperson of the YouChange Foundation Board, "brings to YouChange a new platform for international cooperation that improves and promotes charitable giving in Asia and in the United States. This partnership is the product of Give2Asia and YouChange's shared philanthropic vision in promoting social justice and harmonious development internationally."
Give2Asia is a 501(c)(3) nonprofit social enterprise that makes international grant making safe, effective, and impactful. Founded in 2001, Give2Asia has raised a total of $237 million in gifts and donations from 15,000 corporates, foundations, and individual donors, supporting projects of 1,500 community partners in 24 Asian countries. Give2Asia has demonstrated its ability to serve the needs of international philanthropy with its extensive on-the-ground network, knowledge of diverse social and economic conditions, and expert matching of donor interests with innovative and effective charitable groups.
In 2013, the grants made to China reached $12 million, amounting to 41% of Give2Asia's total grant-making for the year, and supporting local Chinese organizations and local social needs in areas of education, public health, poverty alleviation and economic development, environmental protection, assistance for the disabled, promotion and preservation of traditional Chinese culture, disaster relief, capacity building for nonprofit organizations, investment on innovative projects, etc.
About China Social Entrepreneur Foundation (YouChange Foundation)
The China Social Entrepreneur Foundation is formally approved by the State Council of the People's Republic of China, and officially registered at the Ministry of Civil Affairs. Founded in 2007, YouChange Foundation is the first new type of non-public fundraising foundation that was initiated by a group of famous entrepreneurs from mainland China, Hong Kong and Taiwan. It is a nonprofit social organization that promotes social justice and harmonious development, to discover and support talents in leadership in "New Philanthropy" and to build a cross-sector network and platform for social innovations, mainly by operating in a way of participating funding.
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