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Community Chest: Funds derived from the Community, for the Community

出自香港新聞網 - 樹仁新傳系學生實習習作

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095145 Wong Lai Yee

“Our selling point is that 100% of the funds raised are allocated to the needy in the community without any deduction (to make-past tense) for administrative expenses,” said Louie Tong Hang-shing, The Community Chest Manager of Community Relations, when giving a talk at Hong Kong Shue Yan University today.


The Community Chest was found() in 1968. It is an in dependent and non-profit making organization which aims at building a caring society via greater participation and donation by the community. Tong explained that the administrative cost of The Community Chest is subsidized by a generous annual grant from The Hong Kong Jockey Club.


“Actually our 4000 feet office is hired with a nominal rent of only HK 2 dollars per year by the Jockey Club,” said Tong.


To deal with inflation, the Community Chest has established an investment group. The investment group use(sub-verb agreement) approximately 10% of the funds raised for investment. Tong stressed that the principle of their investment is to be pruden(ce) and capital-preservation oriented. She said that the investment is profitable until now and promised that they will make good use of the fund.


“Even if we suddenly closed, the reserve is enough for our members to run as usual for two years,” said Tong.


--095145 2012年3月13日 (二) 23:57 (UTC)
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