13 May 2020
The Community Chest Anti-NCP Rainbow Fund
Grants Over HK$31.9 Million to People in Need in Three Months
In mid-February 2020, The Community Chest established the Anti-NCP Rainbow Fund (the Fund) to support individuals and families who have suffered from unemployment and unexpected economic hardships caused by the Novel Coronavirus Pneumonia. In collaboration with over 20 partner social welfare agencies, the Fund has approved over 4,700 applications and provided over HK$31.9 million immediate financial assistance to support more than 11,470 needy by 10 May.
The beneficiaries of the Fund included breadwinners from different business and industry sectors. Among the applications, preliminary statistics showed they come from catering (30.8%), transportation (18.7%), construction (16.7%), retailing (9.2%), hotel and tourism (5.1%) and cleaning service (2.8%) etc.
Due to the overwhelming demand, the Chest is expecting to allocate HK$5 million every week to help those in need in the coming months. The Fund is running short of resources and donations from corporates and individuals would be very much appreciated.
The statistics of The Community Chest Anti-NCP Rainbow Fund as at 10 May 2020.
About The Community Chest of Hong Kong
The Community Chest of Hong Kong was established in 1968 as an independent, non-profit making organisation neither funded nor operated by the Government. The Chest has been serving Hong Kong for over 50 years. Each year, the Chest organises fund-raising events for over 160 social welfare member agencies to provide services to more than 2.5 million beneficiaries in Hong Kong in six major areas of services: children & youth, elderly, family & child welfare, medical & health, rehabilitation & aftercare, and community development. The Chest’s administration expenses come from a subsidised grant from our partner-in-charity, The Hong Kong Jockey Club, in addition to income from investments. This allows the Chest to allocate 100% of funds raised to charitable use; this operations model makes the Chest unique among its peers, and helps fulfil its mission to act as trustee of the donors. For more information, please visit our website www.commchest.org.
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