Apple Daily Charitable Foundation

Donation (~$40million) was the major source of income
Low fundraising expense; Promotion expense was only about $100,000;
The newspaper news story helped to raised fund for the foundation
Donation to the needy was about $32million
Salaries and administrative expenses were about 2% and 2% of total expenditure
Most of the donation received was spend on the people in need
Effective control on operating costs
Recorded a surplus of $7.6million
Cash and investment in hand were amounted to $57million
For projects details, please refer to the quarterly report on the website

核查日期:Nov. 3, 2018

Rating
Fund Needs
$$ 
Fund-raising efficiency
Fund-raising expenses
Project expense
Staff salaries
Administrative expenses
010

Suggestion

To consider to upload the annual audit report so as to support high transparency

Charity Information

To collect donation from the readers of Appledaily so as to help the poor and underprivileged group in the community

http://hk.charity.nextmedia.com/

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