{"id":2389,"date":"2013-02-13T04:32:08","date_gmt":"2013-02-13T04:32:08","guid":{"rendered":"http:\/\/www.socsc.hku.hk\/ExCEL3\/?page_id=2389"},"modified":"2014-06-17T17:05:51","modified_gmt":"2014-06-17T09:05:51","slug":"effective_philanthropy_in_private_foundations","status":"publish","type":"page","link":"http:\/\/www.socsc.hku.hk\/ExCEL3\/effective_philanthropy_in_private_foundations\/","title":{"rendered":"Effective Philanthropy in Private Foundations"},"content":{"rendered":"

Objectives\u00a0<\/b>
\n

<\/div><\/p>\n\n\n\n\n\n
\u00a0(1)<\/td>\nTo enhance understanding about private foundations in Hong Kong<\/td>\n<\/tr>\n
\u00a0(2)<\/td>\nTo understand private foundations\u2019 perception of \u201ceffective philanthropy”<\/td>\n<\/tr>\n
\u00a0(3)<\/td>\nTo identify good practice among the philanthropic family foundations<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

As more individuals and families are setting up their philanthropic foundations, there is increasing concern about effectiveness of the private foundations and their ways of giving.\u00a0 The research will help explore how private philanthropic foundations define \u201ceffective philanthropy\u201d and try to understand their strategy of giving.\u00a0 It is believed that good practice of giving will be identified which will help benefit not only the philanthropic foundations, but also the non-profit sector, and the overall society as a whole.<\/p>\n

<\/div><\/p>\n

Methodology<\/strong>
\n

<\/div><\/p>\n

Qualitative Study \u2013 Semi-structured In-depth Interview<\/p>\n

<\/div>\n

Updates of Research
\n

<\/div><\/b><\/p>\n

With the support and network of different foundations and their executive staff, we have successfully conducted in-depth interview with 8 private foundations, including 7 family foundations and 1 individual foundation.\u00a0 3 donors and 5 senior executives of the foundations have been interviewed.<\/p>\n

Among the 8 private foundations, 3 focus mainly in China, the other 5 focus only in Hong Kong.\u00a0 Their range of history ranges from 1 year to 33 years; annual grantmaking varies from HK$1 million to HK$35 million, with only 1 working staff to more than 10 staff.\u00a0 Out of the 8, 2 are operating foundations, 4 are grantmaking foundations, 1 with a mixed nature, while another one is transforming from operating foundation to be grantmaking.\u00a0 Different foundations have different areas of interest, including 1) Health and Education in China; 2) Poverty in China Rural Area; 3) Elderly and Child; 4) Art & Culture; 5) Poverty in Hong Kong; 6) Support for Cancer Patients; 7) Support to NGOs and\u00a08) Promotion of Buddhism.<\/p>\n

<\/div><\/p>\n

Preliminary Findings<\/b><\/p>\n

<\/div>\n

(1)\u00a0\u00a0\u00a0\u00a0 <\/b>Definition of \u201cEffective Philanthropy\u201d
\n<\/b>
\nFrom the initial findings of the qualitative interviews, it is noted that there are three common definitions about \u201cEffective Philanthropy:<\/p>\n\n\n\n\n\n
\u00a0(a)<\/td>\nActualization of personal and family\u2019s aspirations and goals
<\/div><\/td>\n<\/tr>\n
\u00a0(b)<\/td>\nMaking impacts and changes which are scalable, replicable and sustainable
<\/div><\/td>\n<\/tr>\n
\u00a0(c)<\/td>\nCreation of solutions to social problems
<\/div><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

(2)\u00a0\u00a0\u00a0\u00a0 <\/b>Common Features of Giving Strategies
\n

<\/div><\/b><\/p>\n

Several common features could be identified from the giving strategies of the Foundations:<\/p>\n\n\n\n\n\n\n\n\n
\u00a0(a)<\/td>\nFocused Strategies
<\/div><\/td>\n<\/tr>\n
\u00a0(b)<\/td>\nLong term commitment from 3 to 15 years
<\/div><\/td>\n<\/tr>\n
\u00a0(c)<\/td>\nUse of demonstration or pilot projects
<\/div><\/td>\n<\/tr>\n
\u00a0(d)<\/td>\nReplicable and Scalable models
<\/div><\/td>\n<\/tr>\n
\u00a0(e)<\/td>\nClose partnership and hands-on support to grantees
<\/div><\/td>\n<\/tr>\n
\u00a0(f)<\/td>\nEmphasize on due diligence
<\/div><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"philanthroopy\"<\/p>\n

More detailed analysis will be conducted in the coming months for identifying good practices of effective philanthropy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Objectives\u00a0 \u00a0(1) To enhance understanding about private foundations in Hong Kong \u00a0(2) To understand private <\/p>\n

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