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“The donation are used for the public completely” said Louie Tang

出自香港新聞網 - 樹仁新傳系學生實習習作

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The manager of Community Relations, Louie H S Tong, pointed out that the Community Chest will take the donations to invest in some low-risk projects yesterday in HKSYU. Although there are some risks in investment, they promised to the public that they will make sure the money will be safe.

Many people doubt whether donations will be 100% used on the poor, or feather one’s nest. Louie said:” The money are used for the public completely and not used for administrative fee.” Some journalists asked her how the Community Chest operates, she replied that the Hong Kong Jockey club will support them a large amount of money which is enough for the operation.

She told that the Community Chest will form an investment group which consisting of 9 senior bankers. They will use some of the donations to invest and their behavior will be supervised. The investments are diversification and long-line. So they can make sure the money is safe.

The Community Chest was found in 1968 which is a nongovernmental and nonprofit charity. They are supported by Hong Kong Jockey club so they don’t deduct any administrative fees from the donations.

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