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Grace Charity Foundation Limited

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Description

Our mission
Grace Charity is a non-political, non- religious and non-profit-making charitable organization, offering practical help to develop education in needy areas in Mainland China. We try to promote altruistic contributions and a help-others-help- ourselves spirit to help raise others’ quality of life while enriching our own lives.

Our Beliefs
Without discussing politics or religion, we wholeheartedly strive to contribute to the establishment of educational facilities in the poorer mountainous regions of China.
We welcome altruistic contributions as we try to assist the poor in helping themselves, in order to raise the quality of life in others, while enriching our own lives with the experience.

Main services
· Construction of teaching and multi- purpose buildings and dormitories
· Construction of school-affiliated facilities and donation of teaching aids
· Aid to students
· Book donations to schools and setting up of community libraries
· Community care and poverty relief
· Construction of medical stations, clinics, water supply facilities and roads and bridges
· Serve the underprivileged groups in Hong Kong

Official Government Information

Chinese Name
慈恩基金會有限公司
Effective date
May 2, 2001
Org. Structure
Company limited by guarantee under the Companies Ordinance

Contact Information

Address
Flat 6, 9/F, Block A, Hong Kong Industrial Centre, 489-491 Castle Peak Road, Kowloon, Hong Kong (Lai Chi Kok MTR Station, Exit C)

Additional Information

Target Beneficiaries
Children (persons under the age of 14)
Sustainable Development Goals
SDG4: Quality Education

Directors

Financial & Legal Information

Working Capital Ratio
0.79
Donation Received
$28,421,069
Subvention Funding from SWD
$0
Total Income
$31,821,928
Total Expenditure
$27,197,631
Surplus/Deficit
$4,624,297
Latest Audit: Financial Year End Date
March 31, 2021
Balance Carried Forward to Next Year
$19,893,556
Total Assets
$45,589,000
Total Liabilities
$25,695,444
Director Remuneration
$0
Liabilities to Assets Ratio
56.36%

Social Media

Transparency

Audit on website?
Yes
Annual report on website?
Yes
Directors disclosed on website?
Yes

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Last Updated By

Jon Pedersen

Member since 4 years ago
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