Bill Gates To Wealthy Chinese: Donate More

Bill Gates To Wealthy Chinese: Donate More

At the Boao Forum for Asia (BFA) in Hainan on Sunday, Microsoft founder Bill Gates argued that China should do more to encourage philanthropy in its wealthy citizens.  From Rachel Armstrong and Andrew Toh at :

Governments should consider introducing policies that would encourage potential donors, such as making tax deductible, he said.

[…] Gates, along with fellow billionaire made headlines in when they asked 50 of ’s people to a philanthropy dinner and a third turned the invitation down, reportedly due to fears they would be pressed to donate money.

Donations by China’s top 100 philanthropists in 2013 fell to $890 million, a 44 percent drop from , according to the Hurun Report. The previous year donations fell by 55 percent.

Among the possible reasons cited for the sharp decline in donations was a number of scandals involving charities in China that led to concern over possible misuse of funds. [Source]

See also “Gates, Buffett Dine with China’s Rich for Charity” and read more about charity in China via CDT.

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