Fondations have set themselves the mission of being « Eeffective contributors to the public good ». How Should this be put into practise ?
Contribution to the Foundation Workshop of the China-Europa Forum – Beijing 2010) (the writer only is liable for this contribution)
Authors: Françoise Astier
Date: juin 2010
why it is urgent to answer this question .
Foundations are the (detainers) of vast sums of money . And their money power will keep increasing for at least two reasons :
one is the possibility given to corporations to use part of their benefits tax free to create and implement a corporate foundation ; the number of corporate foundations will necessarily grow along the years.
Who would not love to « do good » when it does not cost a penny ?
The second is the increasing number of rich Chinese who also are « eager to do good ».The China Daily of April 20th 2007 stated that « almost all the top 100 rich Chinese are considering the concept of charity » and further « more and more wealthy people are seting up their own charitable funds ».
Along with the foundations already existing all over the world, it will be a real hoard.