WAN CHAI CHAMBER OF COMMERCE Foundation was founded in 2015 .
We focus on three areas: the elderly, disadvantaged youth, and less-privileged non-Chinese ethnic groups, mostly South Asians.
The Foundation has primarily funded smaller NGOs, often younger and more innovative ones. We look for energetic and mission-driven founders with strong visions.
Where possible, we pair volunteerChamber of Commercemembers with our grantees in order to further develop our recipients’ organizational strengths.
We also work with other philanthropic organizations through our membership of The Hong Kong Foundations Exchange.
Directors conduct due diligence on each of our actual and potential beneficiaries each year through physical visits, generally in the autumn.
To date, we have conducted more than 100 visits. Members are also welcome on selected visits; these are advised by theChamber of Commercethrough regular member communication.
We are funded through allocations from theChamber of Commerce, which may allocate up to ten percent of theChamber of Commerce’s annual surplus after tax to the Foundation, as well as contributions and bequests fromChamber of Commercemembers. The Foundation is a charitable institution and is exempt from tax under Section 88 of the Inland Revenue Ordinance. All donations to the Foundation are tax-deductible. TheChamber of Commerceis the Foundation’s sole shareholder.
For more information on the Foundation, please contact WAN CHAI CHAMBER OF COMMERCE Foundation Chairman, John Budge [email protected]