The phenomenal Ice Bucket Challenge was once a great example for the promotion of philanthropy communication campaign. However, a new way – ‘fan economy’（粉丝经济）, has been rising these years. That is to say, fans would initiate or support a philanthropy campaign in the name of a celebrity. They do so in order to create or maintain a positive image of their idols and increase their media exposure. Such type of support group could also be called ‘Oendan’（应援团）. In 2014, several donation events were organized in this manner and caught some attention. Since then, fan philanthropy has been rising in the eyes of some major foundations and NGOs, who quickly start to explore different formats of fan philanthropy. Yet, fan philanthropy is still at early stage and examples are rare.
In the last few years, the role of business is becoming crucial in the effort of reducing poverty, whether in the sustainable development goals under the United Nations, or the precision poverty relief goals in China. Major international development organizations, such as the World Bank and the Asian Development Bank, have acknowledged the presence of business, which plays a remarkable role in poverty alleviation. Since last July, Venture Avenue has been appointed as a consultant to Asian Development Bank (ADB) in China, to explore how business could effectively contribute to poverty relief in China.
My dear friends,
On the occasion of yet another Christmas season, I sincerely wish all friends and family of Venture Avenue happy and healthy.
To Venture Avenue, 2016 is a year in which we continuously explore the frontier of China philanthropy. Social enterprise is not a strange concept any more while the boundaries of commercial and philanthropic capital are being broken. It is exactly the right time and right place for Venture Avenue team to exploit its cross-sector advantage to the full.
During recent years, commercial companies have played more and more significant roles in poverty alleviation efforts from working to achieve the UN Sustainable Development Goals globally to achieve the Precise Poverty Alleviation Targets in a Chinese context. Various international development organizations have grown to be more interested in these companies that play significant roles in poverty alleviation efforts. In July 2016, the Asian Development Bank (ADB) appointed Venture Avenue as one of the consults in China to undertake the first-of-its-kind landscaping study on how to leverage business to effectively alleviate poverty in China.
As the old saying goes, “from clogs to clogs is only three generations”. Throughout the ages, the circumstances of many families have already manifested this rule: the inheritance of wealth could hardly sustain without the inheritance of family core value. If a family keeps good traditions, family rules and mottos, and pass on from generation to generation, the family could keep its prosperity despite ups and downs.
Introduction: For slightly over 6 years since it was first founded, a grant-making NGO in the Pearl River Delta area has dedicated to support grassroots NGOs and community’s commonweal innovation. Its area of involvement has been extended from pure community poverty alleviation to 5 other areas including floating population care and environment protection. While the organization is striving to cover a variety of charitable areas, various issues have been exposed due to inadequate resource allocation. The limited human, financial and time resources created obstacles for knowledge storage; and hence the grassroots NGOs’ demand for network collaboration, academic, and government resources under common topics cannot be resolved.
My dear friends,
Colorful lights blinking in Christmas trees, flight crew wearing Santa’s red hats – all these seasonal factors are telling us that 2016 is already at the corner. It is another time for us to sit back, reflect and celebrate: what have we accomplished in 2015?
My dear friends,
In review of 2014, I feel most excited to welcome 5 new talents to have joined Venture Avenue’s social consulting / investing team. While they came from diverse backgrounds, from financial service to private foundation, they all share VA’s passion since its establishment 5 years ago: to empower China’s philanthropy with independent evaluation, strategic planning and impact investing.
On Mar 27, the British Council successfully concluded its second Social Investment Platform (SIP) of the Social Enterprise Program. SIP this year has gathered 9 social investors, including Yu Venture Philanthropy Fund (Yu VP). Since its opening for application last September, the platform has attracted a total of 434 interested parties.
Family foundations have a long history and extensive social influences worldwide. Compared with other charitable foundations, family foundations are more flexible due to the relatively low transparency requirement, few administrative constraints, and resistance against economic fluctuations. Therefore, family foundations are more capable of taking risks and being patient when seeking for solutions to social and environmental problems.