The Asian Venture Philanthropy Network (AVPN), with support from The Rockefeller Foundation, has launched the Philanthropy in China report which highlights key trends, opportunities and challenges that philanthropists – both Chinese and international – can leverage to maximise their impact.
According to the report, Chinese philanthropy has quadrupled from 2009 to 2017, outpacing GDP growth and emerging as an important contributor to the 2030 Sustainable Development Goals. AVPN has launched the Philanthropy in China report to raise awareness on how Chinese philanthropy is growing into a powerhouse for domestic and international development, driven largely by the private sector and a new generation of wealthy philanthropists.
AVPN Chairperson and CEO, Naina Subberwal Batra said: ‘This report not only seeks to carve new pathways for philanthropists to adopt more sophisticated social investing practices in China, but also enhance our collective ability to achieve the UN Sustainable Development Goals.’
Total giving in China has was $23.4 billion in 2017, with registered foundations increasing by 17 per cent over the last decade and corporate giving dominating philanthropic efforts by contributing more than 65 per cent of total giving in 2016.
Dr. Rajiv J. Shah, President of The Rockefeller Foundation said: ‘As philanthropy matures in China, my hope is those resources become a powerful tool in a global collective effort to end poverty once and for all. Ending poverty & vulnerability requires public, private & social sectors working together in targeted, measurable ways.’
Download and read the full report here: https://avpn.asia/