China?will?further?improve?transparency?in?charities?through?a?variety?of?measures, including?formulating?regulations,?publicizing?yearly?reports?and?implementing?annual inspections?and?assessments,?the?minister?of?civil?affairs?said?Monday.
Minister?of?Civil?Affairs?Li?Liguo?said?that?certain?foundations?must?publish?their?annual?reports on?specified?media?and?undergo?inspections?and?assessments?by?social?organizations.
?The?Ministry?of?Civil?Affairs?issued?a?guideline?for?publicizing?donation?information?at?the?end?of 2011,??Li?said. ?The?ministry?will?make?further?regulations?to?meet?public?demand?for?charity transparency.?
Li?stressed?that?under?the?guidance?and?support?of?philanthropic?policies,?transparency?in?the charity?sector?should?be?ensured?by?professional?teams?with?outstanding?abilities?in?financing, operations,?publicity?and?providing?service.
Moreover,?the?ministry?is?coordinating?with?the?Legislative?Affairs?Office?of?the?State?Council?to formulate?regulations?for?the?registration?and?administration?of?social?organizations,?foundations and?civil?non-enterprise?units,?in?order?to?improve?public?supervision,?Li?added.
According?to?a?report?on?China?s?philanthropy?in?2011,?social?donations?reached?103.2?billion yuan?(16.4?billion?U.S?dollars)?in?2010?due?to?the?frequent?occurrence?of?major?natural disasters,?representing?only?0.26?percent?of?China?s?GDP.
The?percentage?is?much?lower?than?the?average?level?in?developed?countries,?which?stands?at?2 percent,?and?also?lower?than?Brazil?and?India,?whose?figures?are?0.5?percent?and?0.3?percent, respectively.
?China?still?needs?to?cultivate?the?nation?s?awareness?of?philanthropy?and?set?up?a?more complete?system?to?develop?the?cause,??Li?said.
In?2011,?the?Red?Cross?Society?of?China?(RCSC),?China?s?largest?charity,?came?under?fire?after ?Guo?Meimei,??a?young?woman?who?claimed?to?be?a?general?manager?for??Red?Cross Commerce,??posted?photos?on?the?Internet?to?show?off?her?lavish?lifestyle.
Her?actions?provoked?the?ire?of?Internet?users?who?speculated?that?she?might?have?funded?her extravagant?purchases?by?embezzling?money?from?the?RCSC.
The?RCSC?denied?the?existence?of??Red?Cross?Commerce??and?that?it?employed?Guo?Meimei, and?vowed?to?set?up?a?public?supervision?committee?and?build?up?an?online?service?to?receive supervision?and?promote?transparency?in?donations,?financial?management?and?fund distribution?and?use.
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Source: http://grantpros2011.wordpress.com/2012/03/06/china-to-improve-transparency-in-philanthropy/
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