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Community chest clarify the role of investing fund and donations

出自香港新聞網 - 樹仁新傳系學生實習習作

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Revised

The Community Chest is the only NGO to use its all donations on the needs. Its administration cost Loui Tong, the manager of the Community relation claimed that their administration cost, including the salaries of employees was allocated from the investing fund. in an assembly of Hong Kong Shue Yan University on March,13. However, some students doubted that the risk of investment might reduce the amount of donations.

Tong emphasized that the investing fund was managed by nine senior bankers. They would choose some stable products to reduce the risk of losing money

" I can honestly tell you that we still can't evade the financial crisis in 2007. But in long term, our funds are stably increasing," said Tong.

She also said that the chest would meet their investment agent six times a year to ensure that the fund investing was in a right way. They would terminate the contract if the performance was bad.

Some students in the assembly doubted that their donations would use as a subsidy if the amount of the fund was lost. Tong indicated that the situation was totally opposite. If they could not meet the target of annual donations, they would allocate it from the investing fund. She pointed out that the chest would not subsidize the fund by the donations even though there was any lost. She added that the fund was presently in a good direction and the needs can still receive the donations for two years if the chest was closed down.



The Community Chest is the only NGO to use (its whole-all) donations on the needs. Its administration cost Loui Tong, the manager of the Community relation claimed that their administration cost, including the salaries of employees was allocated from the investing fund. in an assembly of Hong Kong Shue Yan University on March,13. However, some students doubted that the risk of investment might reduce the amount of donations.

Tong emphasized that the investing fund was managed by nine senior bankers. They would choose some stable products to reduce the risk of losing money

" I can honestly tell you that we still can't evade the financial crisis in 2007. But in long term, our fund(plural) (is) stably increasing," said Tong.

She also said that the chest would meet their investment agent six times a year to ensure that the fund investing (verb missing) in a right way. They would terminate the contract if the performance was bad.

Some students in the assembly doubted that their donations would use as a subsidy if the amount of the fund (verb missing) lost. Tong indicated that the situation was totally opposite. If they could not meet the target of annual donations, they would allocate it from the investing fund. She pointed out that the chest would not subsidize the fund by the donations even though there was any los(t). She added that the fund was presently in a good direction and the needs can still receive the donations for two years if the chest was closed down.
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