Friday, September 9, 2011

Third-Largest Charity in China Allegedly Engaged in Extensive Commercial Activities

The Nonprofit Quarterly reports on an article in the South China Morning Post (free registration required) that the China Soong Ching Ling Foundation has engaged in extensive commercial lending and facilitated substantial private real estate development efforts.  Of perhaps greatest interest, the original article is quoted as asserting that this story about the third-largest charity in China follows "a slew of revelations in recent months of irregularities and murky deals involving big names in the sector, including the country's two biggest charities, the Red Cross Society of China and the China Charity Federation."  No word yet on whether the equivalent of Senator Grassley has emerged within the Chinese government to address these issues.

LHM

http://lawprofessors.typepad.com/nonprofit/2011/09/third-largest-charity-in-china-allegedly-engaged-in-extensive-commercial-activities.html

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