The Foundation supported Light Be to revitalise an abandoned former textile factory into affordable homes for the impoverished households
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In 2016, Chow Tai Fook Charity Foundation donated a total of HK$22 million to launch the first-ever Empowerment Housing in Hong Kong with Light Be, a social enterprise that focuses on promoting social housing, to revitalize the staff quarters of an abandoned former textile factory in Sham Tseng into an affordable home for the grassroots families. The “Sham Tseng Light Housing” targeted families and empowers them to regain upward mobility and establish a positive life style.
Hong Kong’s wealth gap reaches ‘tipping point’ under Covid as unemployment rises among poor, Oxfam says
The pandemic has worsened Hong Kong’s wealth gap, with the city’s poorest making 47 times less than its richest residents, Oxfam Hong Kong has said. In the pre-Covid era, the highest earners made 34.3 times more.
Record number of people gave to charity globally in 2021
A record number of people donated money to charities or assisted strangers in 2021 after three-year long reduction in 2018, according to the World Giving Index 2022.
At the other end of the spectrum, half of the countries or regions which declined the most in 2021 included Hong Kong, down by 13 percentage points.
The Future of Family Philanthropy
In a time of complicated transitions and historical opportunities, philanthropic families must reflect on their purpose, pace, power, and practices.
Stanford Social Innovation Review shared four key considerations which are food for thoughts.