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Donations from top philanthropists mainly go to higher education

By Gao Yinan (People's Daily Online)    10:02, February 01, 2016
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Donations from top philanthropists mainly go to higher education
He Qiaonu is ranked the most generous Chinese philanthropist of 2015 by donating 2.927 billion RMB (about 450 million USD) worth of stocks. She becomes the first woman donor to top the rankings since the list of the 100 Chinese philanthropists was begun in 2011. She is also the first female philanthropist to donate a sum of more than 1 billion yuan. (File Photo)

Donations from the country's top 100 philanthropists reached 12.8 billion yuan last year, and the highest donation was 2.927 billion made by the first woman to top the list, a report by researchers at Beijing Normal University says.

Over 5.8 billion yuan made Beijing the city where most personal donations came from. 81% of personal large donations went to foundations, while only 4.51% of donations were received by local charity groups, according to the report published on January 6 by the university's China Philanthropy Research Institute.  

He Qiaonu is ranked the most generous Chinese philanthropist of 2015 by donating 2.927 billion RMB (about 450 million USD) worth of stocks. She becomes the first woman donor to top the rankings since the list of the 100 Chinese philanthropists was begun in 2011. She is also the first female philanthropist to donate a sum of more than 1 billion yuan.   

Wanda Group Co Ltd chairman Wang Jianlin donated 360 million to public charities and ranked No. 5 in the list; Alibaba Group Holding Ltd. chairman Jack Ma donated 230 million, ranking the 10th.  

The leaders of some well-known companies have made large donations in 2015. Among them, Robin Li, the co-founder, Chairman and Chief Executive Officer of Baidu has donated 30 million yuan to Peking Union Medical College, ranking 54th on the list; Richard Liu, the chief executive officer of JD.com Inc. and his wife Zhang Zetian have donated 12 million, including 10 million to rescuers for the Tianjin blast.

In 2015, large donations were mainly concentrated in the areas of higher education, environmental protection, basic education such as primary and secondary schools, and poverty alleviation, said the report.

About 6.172 billion yuan were used for the building of colleges and universities, and providing scholarships, grants and other projects, accounting for 48.17 percent of total donations.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Gao Yinan,Wu Chengliang)

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