HKEX Foundation

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HKEX Foundatioin
Founded 2020
Headquarters Hong Kong
LinkedIn Profile
Web site hkexgroup.com/hkexfoundation

The HKEX Foundation is a philanthropic arm established by Hong Kong Exchanges and Clearing Limited (HKEX), with a mission to create positive impact in the community. As a non-profit organization, it works to marshal resources from HKEX and the wider financial community to support charitable initiatives and foster a culture of social responsibility.[1][2][3] The HKEX Foundation's philanthropic efforts are supported by financial allocations from Hong Kong Exchanges and Clearing Limited (HKEX), generous gifts from individuals and corporations, and the proceeds from the innovative Stock Code for Charity Scheme.[4][5] Established under Section 88 of the Hong Kong Inland Revenue Ordinance, the HKEX Foundation is a certified charitable organization, engaging in activities that reflect its commitment to social betterment.

Overview[edit]

The HKEX Foundation was launched as a platform to consolidate and enhance HKEX’s efforts in giving back to the community. It aligns its goals with strategic philanthropic objectives, focusing on areas such as community, education, the environment, and the arts.

HKEX Charity Partnership Programme[edit]

One of the key initiatives of the HKEX Foundation is the HKEX Charity Partnership Programme. This program is designed to support non-governmental organizations (NGOs) and social enterprises that strive to address various social needs and challenges. By providing financial support and leveraging the strengths of its partners, the program seeks to create lasting positive impact across diverse segments of society.[6][7]

Philanthropic Approach[edit]

The HKEX Foundation’s approach to philanthropy is multi-faceted. In addition to direct financial contributions, it encourages employee engagement and the contribution of skills and expertise to benefit partner organizations. The foundation often collaborates with reputable institutions and NGOs to ensure that its efforts are impactful and sustainable.

Notable Collaborations[edit]

HKEX Impact Funding Scheme[edit]

The foundation has introduced the HKEX Impact Funding Scheme, a significant step-up in its philanthropic commitment. This HK$10 million scheme, initiated in 2021, was developed in partnership with The Hong Kong Council of Social Service (HKCSS). It aims to support charitable institutions and recognized social enterprises that are not in receipt of regular government funding, empowering them to implement short-to-medium-term projects that help underprivileged communities.

Other Charitable Engagements[edit]

The HKEX Foundation also engages in a range of other charitable activities, from supporting disaster relief efforts to funding educational scholarships.[8] The foundation prioritizes flexibility and responsiveness to the evolving needs of society, allowing it to address urgent and long-term challenges effectively.

Governance and Transparency[edit]

The foundation operates with a commitment to governance and transparency. It regularly reports on its activities and the outcomes of its programs, ensuring that donors and the public can see the tangible benefits of its work.

References[edit]