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Will you donate to HKDR if they spent almost $10M a year?
http://www.lamma.com.hk/forum-OK/viewtopic.php?f=10&t=13808
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Author:  kittyeasydog [ Mon Oct 07, 2013 6:48 pm ]
Post subject:  Will you donate to HKDR if they spent almost $10M a year?

From a reliable source, HKDR got almost HK$10M donations every year. However, as everybody can see from their website, they have not disclosed any information for how they spent the money. A very suspicious act when a charity accepting such a huge amount of money every year.

I have asked for HKDR on this on their Facebook and they refused to disclose, without any reason given.

Author:  Alan [ Mon Oct 07, 2013 9:05 pm ]
Post subject:  Re: Will you donate to HKDR if they spent almost $10M a year

The HK government is not very concerned about transparency. Anything not absolutely required to be disclosed is kept secret.
Same goes for corporations or any other regulated entities, like charities.

Law Reform Commission
{L_QUOTE}:
There is also no statutory requirement in Hong Kong for charitable organisations to submit annual reports or accounts reporting their finances.


Watchdog steps up pressure on non-transparent Hong Kong charities

{L_QUOTE}:
Getting an accurate picture can be tough even for motivated teams like iDonate. There is no central authority that registers and monitors charities, and non-profits are not required to disclose donation amounts or financial information to the public.

Donors who wish to check a non-government group's financial status and whether contributions are spent in line with its objectives will find that such reports aren't uniformly presented. Some charities such as women's empowerment group HER Fund, present a full audited financial report on their website. Others make just a few pages available. Some indicate through graphs and charts how donations are distributed - without revealing absolute figures. And there are those that do not disclose anything at all.

Depending on how they are established, charities are overseen by different government departments. Statutory bodies such as the Tung Wah Group of Hospitals and orphan welfare group Po Leung Kuk must maintain audited accounts of all transactions and be open for inspection by their directors or any person appointed by the chief executive of Hong Kong.
Maintaining transparency entails a cost, but if you think it is something worth doing, you will do it
Linda To, executive director, HER fund

A charity set up as an incorporated company - Save the Children Hong Kong, for example - is required to file annual returns with the Companies Registry. The report covers basics such as its address, board of directors and, where appropriate, any mortgage it takes out.

But unincorporated groups do not have to account for their spending at all.


This story mentions iDonate a local organisation that tries to dig up info on charities here. They don't have anything on HKDR though.

Author:  kittyeasydog [ Wed Oct 16, 2013 9:00 pm ]
Post subject:  Re: Will you donate to HKDR if they spent almost $10M a year

Thanks for the detialed info. The problem is HKDR refused to disclose, nor they think they have to, disclose those financial information to the public. There are lots of rumors about how they spent, like the directors taking salaries, too many staffs, wasting money on unnecessary vet bills....

The best way to get people to trust is having a high transparecy.

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