Thursday, March 29, 2007

Bureau shuts down non-performing charity fund -- Shanghai Daily | 上海日报 -- English Window to China News

Bureau shuts down non-performing charity fund -- Shanghai Daily | 上海日报 -- English Window to China News: "THE Shanghai Civil Affairs Bureau has shut down and banned a local private non-soliciting charity foundation, as it has never conducted any form of charity activities, officials said today.

The Shanghai Fudao Natural Disaster Reduction Foundation had never carried out charity activities since it was established in 2004, and owes 650,000 yuan (US$81,250) to several companies, which has broken the rule of charity foundation management, said the bureau."

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