A new approach for philanthropy in China?
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"Short-term but practical training programs will be held next year, for example, we may invite experienced people to teach them how to present their projects and how to raise funds," he said.
It may also help introduce proper projects for the private foundations, let them spend their money in the right places, according to Wang.
Heads of NGOs and foundations all agree that transparency is critical for the sustainable development of NGOs.
The One foundation has scheduled audits by the accounting firms Deloitte and KPMG. Also, quarterly progress reports are issued on its website to let the public know where every yuan goes.
Further, the CCIF developed a software program that can allow donors to trace their donation through the Internet.
Heidi Hu said they are willing to share the system with other NGOs if they request it.
"We really welcome more cooperation to enhance the professionalism of the entire sector," she said.
