Changde Raises around 170 Million Yuan in Education Funds

Source:常德政府网 Date:2020-12-16 18:50:37 【Fonts:Small Big

On Dec. 15th, the 8th Seminar of Changde Education Foundation was held in Changde. It was declared in the seminar that the city has raised around RMB 170 million Yuan in 2020. Vice Mayor Zhou Daihui attended the seminar and delivered a speech.

According to statistics, 13 county-level foundations and listed municipal funds raised nearly 170 million Yuan, an increase of more than 13.5 million Yuan compared with that in 2019. The funds were raised to serve the development of educational public welfare undertakings in the city. In 2020, 86.9 million Yuan from the funds were spent in various projects, such as the three major brand projects, namely “loving candle”, “nurturing the talented” and “helping weak schools”, along with others. It is estimated that by the end of this year, the stock fund of the city will reach 430 million Yuan.

Vice Mayor Zhou stressed that the foundation should enhance its social influence by participating in various social activities and appealing for more social forces to join in. It should further the public welfare of its services, and make donations more open and transparent. It is crucial to manage the foundation in a professional way to guarantee the sustainability of the fund, so as to maintain the long-term vitality of this public welfare undertaking.

Cao Ruguo, Party Secretary of the Municipal Education Foundation, and Li Ehuang, President of the Foundation, attended the meeting.


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Translator: Guo Weifeng

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