Keyword: charitable organization

British man starts soup kitchen for the homeless in Xi’an

An English businessman named Tony who started a charity in Xi’an has been the focus of various reports in the Chinese media throughout the years. He recently gave a talk about himself and his Yellow River Soup Kitchen organization on YiXi (China’s equivalent of TED talks) on July 3rd, which brought him renewed attention. Tony’s story, as he himself relates it, goes like this: an electronic engineer by profession, he used to own two companies in the UK, and worked 16 to 18 hours a day. At some point he decided to give up his stressful life, sell what he owned and travel around Europe, volunteering as he traveled. He then …read more

Regulations on the annual management expenditure of charitable organizations released

New regulations on the annual management expenditure of charitable organizations were released on the website of the Ministry of Civil Affairs (MCA) on October 20th. These regulation were formulated by the MCA, the Ministry of Finance and the State Administration of Taxation. According to the new Charity Law, which passed into effect in September, charitable organizations should actively conduct charitable activities, using their funds properly and effectively. They should reduce unnecessary expenses and keep management expenditure to the minimum. More specifically, for charitable foundations with the qualification for raising donations from the public, the proportion of annual expenditure must be higher than 70% of the general income of the previous year …read more