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ZIMO Charity Fund
October 10, Zhejiang Charity Federation received a special donation from ZIMO Group.Different from the past, this is not a single "check", but a donation linked to the company's future long-term gains in 38 years. It is the first time in the field of charity that such sustainable assets are contributed in the province.
It is reported that ZIMO group donated a whole layer Health Park of its subordinate "agriculture center economy building", an area of 1005 square meters. Zhejiang Charity Federation will donate money equivalent to 10 million Yuan in cash, as the original capital of the board, and set up a "ZIMO Charity Fund" with ZIMO Group of its equity arising from the annual revenue (ZIMO Group ensures a 5% annual return at the end of each year). The fund cooperated by ZIMO Group and Charity Federation will be used for the advocating of the charity culture and Chinese culture and support of vulnerable groups.
"And different from the previous contributions, the donation is not a simple donation or gratuity."Secretary-General Li Gang, Provincial Charity Federation "This is a symbiotic type of charitable contributions. Enterprise will donate more if it is developing well. It still ensures a certain amount of charitable contributions if it is not developing well enough. The charitable contributions will not stop as the project goes, which offers a useful exploration for the sustainable development of charity."
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ZIMO Fund
