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A Part of Donation is used as Investment

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A Part of Donation is used as Investment

Kelly Choi --095077 2011年11月1日 (二) 23:34 (UTC)

13 March, 2012

Donation(plural) (is) typically used for charitable purposes. However, a part of donation is used as investment, said the manager of the community relation in the Community Chest Louie Tong in a talk held by Hong Kong Shue Yan University.

“We have HK$700 million (preposition) reserves now, meaning that the organization can still function (preposition) two and a half more years without any donation. Therefore, we are used to using a small part of reserves for investment. For getting a good return of the investment, we have hired nine senior bankers to monitor it,” said Tong.

Increasing number of donations and charitable projects were funded by the Community Chest. The public expects a clear and transparent operation. Investment may gain or loss money. However, “In order to use the donation more efficiently, we do believe that investment is a good way to increase (the donation?-or funds?) and to help more people,” said Tong.

(Donation that-change sentence opening) the Community Chest received in 2011 was HK$3 billion. It was established on 8 November 1968. As one of the most important charities in Hong Kong, the Community Chest serves provides grants to a wide range of community projects.

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Parts of Donation are used as Investment

Kelly Choi --095077 2011年11月1日 (二) 23:34 (UTC)

13 March, 2012

Donations are typically used for charitable purposes. However, a part of donation is used as investment, said the manager of the community relation in the Community Chest Louie Tong in a talk held by Hong Kong Shue Yan University.

“We have HK$700 million of reserves now, meaning that the organization can still function for two and a half more years without any donation. Therefore, we are used to using a small part of reserves for investment. For getting a good return of the investment, we have hired nine senior bankers to monitor it,” said Tong.

Increasing number of donations and charitable projects were funded by the Community Chest. The public expects a clear and transparent operation. Investment may gain or loss money. However, “In order to use the donation more efficiently, we do believe that investment is a good way to increase the donations and to help more people,” said Tong.

The Community Chest has received HK$3 billion of donations in 2003. It was established on 8 November 1968. As one of the most important charities in Hong Kong, the Community Chest serves provides grants to a wide range of community projects.
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