Istoki Endowment Fund published the Report on philanthropy in China

The Istoki Endowment Fund published a comprehensive study on philanthropy in China.

“The report continues a series of translations of trending foreign analytics on philanthropy, which is prepared pro bono by the team of our Fund, – says Vladimir Marchenko, director of the Istoki Endowment Fund, – We consider it important to study experience of the global philanthropy in order to adapt and apply the best professional practices and avoid unnecessary mistakes. Today it is impossible to understand the global development trends of the third sector without taking into account the experience of Asian countries, and first of all the one of China.”

According to the authors of the report, despite the obvious successful development of the philanthropy in China, it is still at its early stage. At the same time, the giving is increasing year by year and the State is actively contributing to the creation of necessary infrastructure and ecosystem of philanthropy. The Xinhua News Agency recently reported that the Red Cross Society of China received the first $ 49 million to combat the spread of coronavirus. Only time will tell whether the epidemic will provide a further boost to the Chinese philanthropy, but it can be argued with a high degree of confidence that China is an emerging leader of the global philanthropy, whose influence is rapidly increasing. The report published by the Istoki Endowment Fund amply demonstrates that point.

Stay tuned for new translations of trending foreign philanthropy analytics on the Istoki Endowment Fund website: istoki-foundation.org.

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