Funds to support purchase of medical equipment, hygiene packs and financial assistance
KPMG has committed to donating over HKD 4.3 million to fund coronavirus relief initiatives in mainland China and Hong Kong. The donation provides funding to several NGOs to help groups urgently needing financial support and medical or hygiene supplies.
A majority of the funds raised are from 2,200 staff member contributions, with a dollar-for-dollar matching donation offered by the KPMG Foundation, a charitable entity registered in Hong Kong that manages the KPMG partnership’s contributions and strategic allocation of donation funds, together raising HKD 3.3 million.
Honson To, Chairman of KPMG Asia Pacific and KPMG China, says: “At KPMG, we care deeply for our people and communities. We have a strong obligation, as a corporate citizen, to be ever more committed at this difficult time to offer our support to those in need in our society. We have a well-established network of NGO partners who are working tirelessly in the field providing much needed relief to underprivileged groups, and we are committed to working hand in hand with them to support their initiatives.”
The HKD 3.3 million raised will be donated to Future Smile Charitable Foundation to fund emergency relief efforts, mainly for the provision of medical supplies and equipment.
Michael Wu, Founder and Chairman of Future Smile Charitable Foundation, says: "We appreciate the donation from KPMG, our long-term partner over 10 years. With the support of caring and socially responsible enterprises like KPMG, we have full confidence, capacity and determination to defeat the epidemic.”
Over HKD 1 million has been additionally donated towards a number of relief initiatives in mainland China and Hong Kong.
These include donations of HKD 222,958 to the Beijing United Foundation for China’s Health in mainland China for the purchase of 10 non-invasive ventilators, which were received at Leishenshan Hospital in Wuhan in early February.
The KPMG Foundation has also committed donations to Henan Children’s Hope Foundation (CHF), which operates homes for underprivileged children undergoing medical treatments, to help towards providing around one month’s supply of surgical face masks.
In Hong Kong, the Foundation is supporting the Society for Community Organization (SoCO) to provide emergency funds for 30-40 low-income families in Hong Kong.
Andrew Weir, Vice Chairman of KPMG China and Regional Senior Partner of KPMG in Hong Kong, says: “While people in Hong Kong are showing great strength and resilience in this challenging time, we understand that the situation has impacted underprivileged groups harder than others and help is urgently needed. We will continue to support our communities and to channel resources to where they are most needed.”
The Foundation has also supported Plan International Hong Kong’s emergency relief efforts to distribute hygiene kits to 800 low income families in the city. “Paying off rents and daily expenditures have been difficult for the families and they are struggling to deal with the extra expenses for hygiene products,” says Dr. Kanie Siu, Chief Executive Officer of Plan International Hong Kong. “I would like to express our gratitude towards KPMG for funding the project, which will help the families receive assistance.”
Additional funds will be donated to the St. James Settlement in Hong Kong towards the purchase of personal hygiene packs for people with mental or intellectual disabilities.
Cooke T C Cheung, Deputy Chief Executive Officer, St. James’ Settlement, says: “People with mental or intellectual disabilities living in the community lack protective gear such as masks and disinfectants. Some of them were unable to purchase them due to financial or personal constraints. This seriously affects their lives, work, and even follow-up medical consultation and treatment. It is estimated that 1,500 people could benefit from receiving these personal hygiene packs.”
KPMG member firms and its affiliates operating in mainland China, Hong Kong and Macau are collectively referred to as “KPMG China”. KPMG China is based in 23 offices across 21 cities with around 12,000 partners and staff in Beijing, Changsha, Chengdu, Chongqing, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Nanjing, Qingdao, Shanghai, Shenyang, Shenzhen, Tianjin, Wuhan, Xiamen, Xi’an, Zheng Zhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.
KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 147 countries and territories and have more than 219,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
In 1992, KPMG became the first international accounting network to be granted a joint venture licence in mainland China. KPMG was also the first among the Big Four in mainland China to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong firm can trace its origins to 1945. This early commitment to this market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in KPMG’s appointment for multi-disciplinary services (including audit, tax and advisory) by some of China’s most prestigious companies.
Officially chartered as a charitable entity in February 2008, the KPMG Foundation is governed by a board that manages the partnership’s contributions and strategic allocation of funds. Through structured and organised giving, our firm’s corporate social responsibility (CSR) goals are realised. The foundation engages employees, alumni and community stakeholders to address environmental and social issues, mainly through donations, volunteerism and collaboration.
Since its establishment, the KPMG Foundation has donated over RMB 53 million – of which RMB 11 million was contributed by firm employees – to support key international charities and local communities.
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