Chapter 330: Chapter 282 Personal Charity Foundation
Shen Yuan was pondering how to the 50 million. In his view, medical aid for serious illnesses, which was life-saving and family-saving, should definitely be the top priority, followed by education.
He intended to focus on these two sectors.
As for which channel to through, as long as there’s money, you can anywhere—people are dying for your donations, like welfare institutions, charity foundations, the Blue Cross, education institutions…
However, Shen Yuan had no intention of donating into someone else’s pocket. To ensure the money would reach those in need, he planned to establish his own charity foundation.
With his own foundation, he could control the direction and allocation of funds and choose whom to to, ensuring that the money reached the hands of those in need.
After some thought, Shen Yuan called Liu Lan, the chief financial officer, and Long Jinghan into his office and asked, “Liu Lan, what are the requirements for establishing a personal charity foundation?”
Liu Lan was slightly taken aback, then said, “The initial funds for a national public-raising foundation cannot be less than 8 million yuan, for a local public-raising foundation, the threshold is 4 million yuan, and for a non-public-raising foundation, it’s not less than 2 million yuan.”
Shen Yuan was clear about the difference between public and non-public foundations: public foundations can raise funds from the public, while non-public foundations cannot and must rely on specific donations and internal fundraising.
Shen Yuan was set on establishing a public-raising foundation, after all, an individual’s power is limited, and other wealthy people should be encouraged to participate.
He suddenly thought of Fei Bing, who had shared in Leji’s three sectors. Shen Yuan had already sent staff to learn from his operation for half a month, and now those employees were beginning to optimize their own operations and member management models at Jingfu’s.
Additionally, the fitness center that Fei Bing had acquired for 6 million had been transferred over as well.
Now that there was a good cause, Shen Yuan thought of him again. Doing charity and helping vulnerable groups not only promoted harmonious social development but could also enhance his and his enterprise’s positive image.
Aside from slicing a bit of flesh, the benefits were numerous.
Liu Lan paused, then continued to explain, “Additionally, aside from a fixed location, it’s necessary to establish a board of directors, a supervisory board, and then prepare related documents to apply to the administrative agencies.”
Shen Yuan nodded, thought for a moment, and said, “I plan to establish a national public-raising charity foundation with initial funds of 20 million yuan. As for the board of directors and the supervisors, those are tentative. I’ll leave this task to the two of you.”
20 million… Liu Lan was stunned for half a second, then nodded in agreement, “Okay, Mr. Shen.”
Long Jinghan, on the other hand, was not surprised by Shen Yuan’s generosity—after all, he had invested 10 million yuan in the school’s entrepreneurial base, although that was an investment, while this was purely for charity.
She raised her clear eyes, showing a trace of pride on her face.
The three discussed some details, then Liu Lan and Long Jinghan left the office together. As they were pushing the glass door, Liu Lan suddenly thought of something, turned her head, and asked, “Mr. Shen, have you thought of a name for the foundation?”
Shen Yuan pondered for a while, then decided to hand over the challenge to Long Jinghan, “You help me with the name. I want a ‘Yuan’ character in it, and mainly, I intend to focus on medical aid for serious illnesses and educational charity.”
Long Jinghan nodded firmly, “Okay.”
After the two left, Liew Menglu placed the prepared tea in front of Shen Yuan’s desk and then stood behind him to massage his shoulders, “Husband, you’re so amazing~”
Shen Yuan smiled, “Where am I amazing?”
Liew Menglu affirmed, “You’re amazing at business, great at management, skilled at making money, and you even do charity with the money you earn.”
“But the most important thing is.”
Liew Menglu suddenly leaned forward, pressing softly against Shen Yuan’s shoulders, and whispered in his ear, “You’re also amazing there; I can’t resist it every time.”
Little devil… Shen Yuan took a deep breath to keep a cool head. Had he not already fired a double shot and were this not the company, he really would’ve wanted to discipline Liew Menglu right then and there.
“Husband, why aren’t you talking?”
Liew Menglu’s slender fingers slowly slid down from the shoulders, speaking in a soft voice.
“Don’t play with fire, keep massaging my shoulders.”
Shen Yuan said sternly.
“Mmm… I don’t want to…”
Liew Menglu twisted her slim waist and puckered her rosy lips, protesting.
“I won’t, I just won’t…”
No help for it, Liew Menglu was too mischievous, and Shen Yuan had no choice but to press her on the office desk and spank her bottom 5,000 times.
However, after the spanking, Liew Menglu was not angry; instead, her complexion was rosy, and her eyes were filled with satisfaction. After half an hour of recovery, she walked out of the office like a proud peacock.
Share transferring and setting up the charity foundation couldn’t be done in a day or two, but Shen Yuan wasn’t in a rush. That afternoon, he continued to read “The Art of Public Speaking,” making notes on important points.
When focus took over, time sped by until at 4 o’clock, when Shen Yuan received a call from Li Yuhang.
“Old man, it’s my birthday tomorrow, come and have fun tomorrow night.”
Li Yuhang’s unapologetic voice came through the phone. The latest_epɪ_sodes are on_the NovelHub(.)net
Shen Yuan replied indifferently, “Oh, I’ll have to see if I have time tomorrow.”
“Damn, are you that busy now?”
Li Yuhang cursed, “Are you going to miss out on your father’s birthday, such an important event?”
“Ah? What did you just say? I didn’t hear it clearly, the signal was bad.”
“I said, even your father’s…”
“Alright, good son, I’ll try to attend your birthday tomorrow.”
Shen Yuan asked, “Who else is going?”
Li Yuhang: “Old schoolmates Old Jin and Cherng Xian, along with a few other friends.”
Shen Yuan: “Is it another Rohan session?”
Li Yuhang: “You already have so many women and still aren’t content? But yes, there will be a few girls, though you probably won’t be interested.”