Charitable Donations
“Without a sense of responsibility, you are at best a rich man”
As one of the earliest entrepreneurs to start a business since China’s reform and opening up, according to statistics from the Hurun Charity List Since his first donation in 1983, when Cao Dewang appeared on the cover of Southern People Weekly (in 2011), Cao Dewang’s cumulative personal donations have reached 5 billion yuan. The amount of his donations has increased simultaneously with his own strength.
In 1998, he personally flew to Wuhan to inspect the flood-stricken areas and personally donated 3 million yuan, plus donations from company employees and other large-scale fundraising. 4 million yuan was remitted via CCTV. In the same year, he also donated 2 million yuan to Jianou City, a disaster-stricken area in northern Fujian. During the floods in northern Fujian in June 2006, he donated another 2 million yuan, and employees at the Fuqing base donated more than 470,000 yuan for the reconstruction of the teaching building of the primary school in northern Fujian;
In 2004, he donated 5 million yuan. Yuanhe donated 8 million yuan to build the connecting road between the Honglu exit of the Fuzhou-Xiamen Expressway and the 316 National Highway and three rural roads in Fuqing;
On the occasion of the Spring Festival in 2005, he donated 700,000 yuan to the welfare of Yongtai County hospital to help poor elderly people in rural areas; in 2005, he donated another 3 million yuan to widen the highway at the Honglu exit of the expressway, and donated 6 million yuan to build the science and technology building of Fuqing Gaoshan Middle School;
In 2006, he donated 2.47 million yuan Help rebuild schools in disaster-stricken areas in Fujian; donate 5 million yuan to Wenchang City, Hainan Province;
In 2007, donate 1.5 million yuan per year to establish the "Cao Dewang Bursary" at Northwest A&F University, with a targeted fixed amount of 15 million yuan donated for 10 years ;
In addition, over the past twenty years, he has donated tens of millions of yuan to help poor livelihoods;
In 2008, during the Wenchuan earthquake, Cao Dewang personally visited the disaster area many times. Donated 20 million yuan;
In 2009, donated a total of 29 million yuan to charity;
Donated 1.2 billion yuan from 2010 to April 2011, and the donations were distributed as follows: Yushu 100 million, 200 million for drought in the five southwest provinces, autonomous regions and municipalities, 400 million for Fuzhou City Library, 300 million for public welfare in Fuqing City, and 200 million donated to Xiamen University in April 2011.
In October 2010, 20 million yuan was donated to build the Heren Building of Nanjing University, promoting the construction of the Heren Institute of Social Charity into a base for training talents in charity relief.
In December 2010, after three years of unremitting communication and consultation with central ministries and commissions, and inviting experts in various fields for demonstration and guidance, Cao Dewang donated billions of yuan worth of Fuyao Glass shares to establish Hefei Ren Charitable Foundation was finally officially approved three years after submitting its application. It is currently the largest public charity foundation in terms of assets in China.
In April 2011, when the ownership was officially transferred, Cao Dewang made it clear that when my stocks were registered in his name from the moment of transfer, the foundation would be completely separated from the Cao family, and the foundation would have full ownership. This is a fee given to Chinese charities.
According to the Hurun Charity List, Cao Dewang’s cumulative personal donations have reached 5 billion yuan since his first donation in 1983.
When it comes to donating billions, Cao Dewang said that having wealth also brings responsibility. Donate, relieve yourself of the burden, and feel relaxed.
School Donation
Through the efforts of the builders, the Gaoshan Middle School project in Gaoshan Town, the hometown of Fuyao Group, donated 150 million yuan by Mr. Cao Dewang, President of Fuyao Group, is progressing smoothly, and all projects are Arrange table node time in an orderly manner according to the countdown plan. The newly built Gaoshan Middle School is located in Langshang Village, Gaoshan Town, covering an area of ??146 acres. It is a key livelihood construction project of our province, Fuzhou City, and Fuqing City.
The new campus is designed in accordance with the standards of provincial first-level middle schools and is divided into 4 functional areas including administrative offices, teaching, living, and sports. It has a construction area of ??70,324 square meters, including 3 main teaching buildings and 60 classrooms; 1 administrative office building There are 6 apartment-style dormitories for teachers and students; 1 library, the reading room can accommodate 200 people reading at the same time, the multi-functional lecture hall can accommodate more than 500 people for meetings and lectures; 1 science and technology building, 1 experimental building, comprehensive A gymnasium and a 400-meter plastic track and field, as well as canteens, small supermarkets, art parks, parking lots, green spaces and other supporting facilities are expected to be put into use on New Year's Day next year.
Donation Accountability
At the summary and commendation meeting for the 200 million yuan donation project in the five western provinces, representatives of farmers from Yunnan, Guizhou and other five provinces presented handmade national costumes to Entrepreneur and philanthropist Cao Dewang dressed him up as a "fellow Yi fellow". At this moment, Cao Dewang smiled. The recipients did not know that during the process of getting this donation into their hands, the affable rich man in front of them kept a straight face most of the time and was highly vigilant about every aspect of the donation.
In May 2010, Cao Dewang donated 200 million yuan to 100,000 poor families in five provinces in southwest China through the China Foundation for Poverty Alleviation. Talking about this donation, Cao Dewang said emotionally: "The southwest region has suffered a severe drought that only occurs once in a century, and the people's lives are very miserable. I have suffered a lot when I was young, and I know what it feels like. For some farmers in remote mountainous areas, , 2,000 yuan can be said to be their hope.”
Because he suffered hardships when he was young, Cao Dewang counts every penny carefully. In his words: "Ten thousand should be spent, and every penny should be saved." In his view, it is necessary to ensure that every penny donated goes to the people who should receive the money, and It’s not like being “plucked by wild geese and intercepted layer by layer.”
In the donation agreement, Cao Dewang's conditions were very "harsh": the Poverty Alleviation Foundation should distribute 200 million yuan in charity to 100,000 farmers within half a year, and the error rate should not exceed 1. If the foundation defaults Compensation will be made, and the management fee will not exceed 3% of the donation, while the "business rules" are generally 10%. In order to ensure that the donations are distributed to everyone who should receive the money, instead of being "plucked out by geese and intercepted at every level", Cao Dewang established a special supervision committee and asked the news media to supervise the whole process, requiring the foundation to be monitored every 10 Submit a detailed report on the progress of the project to him every day. This donation was called "the most demanding donation in history." Such harsh conditions are undoubtedly a challenge to the current donation system. This also pioneered the accountability of Chinese donors to charity donations.
Cao Dewang said he hoped he had made a good start.
Charitable Honors
In 2005, it won the title of the first "China's Best Corporate Citizen";
In 2006, it won the title of "China's Top Ten Charitable Enterprises in 2006" ;
In 2006, he won the "2006 China Charity Outstanding Contribution Award" and was elected as the "Loving China Second Chinese Charity Figure";
In 2007, he won the "2007 China Charity Outstanding Contribution Award" Best Business Leader Award" and "Best CEO of the Year in the Public Eyes";
In 2007, he won the "CCTV Best Employer of the Year";
In 2008, he won the "China Charity Award" conference, won the title of "The Most Caring Charitable Donor Individual";
In 2009, he won the "Ernst & Young Global Entrepreneur Award", known as the Oscar of the corporate world. This is the 23rd anniversary of the establishment of this award. , the first Chinese entrepreneur to receive this honor.
In 2010, Fuyao Group was awarded the “2010 Most Admired Chinese Company” by the Chinese version of Fortune magazine.
From 2010 to April 2011, Cao Dewang made a cash donation 1.2 billion yuan, and the donations are distributed as follows: 100 million yuan for Yushu, 200 million yuan for the five southwest provinces, 400 million yuan for Fuzhou Municipal Library, and 300 million yuan for Fuqing City’s public welfare projects.
In December 2010, Cao Dewang donated billions of yuan worth of Fuyao Glass shares to establish the Heren Charitable Foundation. Three years after submitting the application, the Heren Charitable Foundation was finally officially approved, becoming China's first charitable foundation operated by shares.
The transfer of ownership was officially completed in April 2011. Cao Dewang said that from the moment my stocks were transferred and registered in his name, they had nothing to do with the Cao family. This was a fee given to a Chinese charity.
The 2011 Hurun China Charity List was released: Cao Dewang donated 4.58 billion yuan and became China's top philanthropist.
The 2012 charity rankings were announced, and Cao Dewang ranked first with a donation of 3.5 billion.
China's Top Charity
The 2011 China Charity Ranking was officially announced on April 26, 2011 in the National Convention Center. The outstanding performance of donating more than 1 billion yuan ranked first and won the title of "China's Top Charity" of the year.
As for the title of "Top Charity", Cao Dewang said that he did not donate to be the top charity and was not interested in rankings. He donated money out of a sharing mentality and shared it with the society. Did what should be done.
He believes that whether it is "first good", "middle good" or "lower good", they are all for the progress of the country and the prosperity of the nation, and they are all doing the same thing. In this regard, Chinese people should strengthen their confidence and believe that there is still truth, goodness, beauty and true love in the world.