New Delhi: Chinese actor Jet Li’s One Foundation charity has officially been registered as a public foundation.
According to experts, the move signals the start of a new era for China’s charities, China Daily reported.
“To guarantee the future of One Foundation, I’ve asked its most excellent leadership for help to protect every yuan donated,” Li said on January 11 in Shenzhen.
Since its establishment in 2007, One Foundation has been running as a private charitable project under the Red Cross Society of China, and encountered legal problems when it tried to fundraise as an independent organization.
It was in Shenzhen on December 5 that One Foundation managed to register as a public foundation, and the civil affairs department there also showed its enthusiasm for One Foundation’s decision.
The foundation published the names of a five-member board of supervisors, including one Shenzhen government official.