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Foundation Source posts an excerpt about Chao Foundation in the Global Grantmaking Article

4/16/2012

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Ping and Amy Chao were successful Silicon Valley technology entrepreneurs ready to share their prosperity with communities in East Asia near their family origins.  Through their foundation they began giving to intermediaries but quickly realized their entrepreneurial spirit would more effectively serve their philanthropic aspirations by establishing their own relationships and networks on the ground in East Asia.  They believed that the values that made them successful in business–transparency, effective knowledge sharing and collaboration –would also help fledgling non-governmental organizations (NGOs) thrive.

While developing key relationships with NGOs in their chosen geographic region, the foundation refined its program focus to initiatives that improve children’s health and nurture a culture of giving in China and the greater Chinese Diaspora.

Today, the Ping and Amy Chao Foundation supports the Transparent Fish Philanthropy Laboratory, a venture with the School of Social Development and Public Policy at Beijing Normal University.  Foundation Source facilitated the Equivalency Determination to ensure on-going support of its programs which provide technical assistance to organizations in China, Cambodia and Vietnam.  Organizations commit to transparency by sharing their budgeting, management and fundraising plans through an on-line technology platform and, in turn, participate in rigorous trainings that build organizational capacity and long-term sustainability.  It’s a learning lab for both grantees and funders.

The Chao Foundation narrowed its children’s health focus to Gansu Province, China, financing surgeries and other medical treatment for children with congenital heart disease by supporting the Little Red Scarf, an alliance that relies on partnerships with American and Chinese universities and other NGOs.

Ping and Amy Chao’s vision is flourishing in the creative social entrepreneurs and programs they continue to nurture through their foundation.

- Berit Ashla, Philanthropic Director, Foundation Source
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