During the past 15 years, the philanthropy sector in China has developed rapidly. Today, over 5,500 foundations and over 670,000 non-profit organizations (NPOs) are registered in China. However, the efficiency and effectiveness of the sector have been hindered by the lack of robust infrastructure.
The China Charity Law 2016 lifts transparency to a much higher level, giving the sector an opportunity to utilize transparency to make the Chinese philanthropic marketplace efficient, fair and dynamic.
China Foundation Center (CFC) was initiated by 35 renowned Chinese foundations in 2010. Its core mission is to use the power of technology to bring transparency to the philanthropic market and allow everyone to see the same data at the same time. Connecting decision-makers to a dynamic network of data, people and ideas, CFC quickly and accurately delivers foundation and NPO information, news and insight.
With the support of the Ford Foundation and the Foundation Center in New York, in 2017 CFC will focus on building a new cloud platform for foundations/NPOs to expand data collection and build stronger data management capability with artificial intelligence technology.
CFC president Tao Ze says: ‘The new system aims to help social investors to make informed decisions with data, news and research that is accurate, faster and relevant. In addition, CFC will develop special technology and tools to analyse any possible risk and find the best opportunities.’