Community Care Fund
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| 關愛基金 | |
| Formation | 2011 |
|---|---|
| Legal status | Charitable trust fund |
| Purpose | Humanitarian |
Region served | Hong Kong |
| Services | Financial support |
| Methods | One-time grants |
Community Care Fund (關愛基金) is a charitable trust fund which collects five billion dollars from the government and the business sector respectively.[clarification needed] The purpose is to provide a wide variety of financial support which are excluded in Comprehensive Social Security Assistance for the poor.
It was suggested by Donald Tsang Yum-kuen, who was the Chief Executive of Hong Kong from 2005 to 2012, in the 2011 Policy address of Hong Kong. The Finance Committee [1] discussed about contributing five billions to the Community Care Fund on 13 May 2011 and it was passed with twenty seven votes agreeing, six votes disagreeing and twelve votes abstaining. The Fund started in the second half year of 2011 and the fund is managed by Steering Committee [2] of the Community Care Fund.
The chairperson of the Steering Committee is the administrative secretary. The committee members include twenty members who are from different areas like business, community welfare, education, medical treatment, political, labours and regional and four members from the government. They are responsible for supervising and the overall planning of the fund.
The executive committee under the steering committee is responsible for giving suggestions according to the target needy groups, funding amounts, arrangements of fund-raising and other financial and administrative issues. Four subcommittees (Education, Home affairs, Medical and Welfare) are responsible for the implementation of new projects.