China Matters: Whats Next for Foundations in China?
By David Livdahl, Jenny Sheng & Henry Li
Lack of transparency and the wait for new regulations have some companies looking for other options to broaden their social impact in China.
Though the need for foundations is great in China, PRC regulations on charitable giving are underdeveloped, making it difficult for foreign foundations to give away money.
Until new regulations are issued, foreign companies and foundations can apply to set up a foundation in China after finding PRC sponsors and jumping through hoops.
Many foreign companies resort to establishing a special fund to operate under the auspices of an existing PRC foundation.