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Chinese philanthropic foundations “lack professionals”

Wealthy Chinese individuals are becoming increasingly philanthropic – donating as much as US$16.7 billion in 2014 while Chinese-Americans gave another US$500 million – although researchers say that professional assistance is needed for these funds to have maximum impact. “There are over 6,000 private foundations [set up by wealthy Chinese], and 80-90% of them don’t have formal staffing,” according to Victor…

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