Chapter 3881

Although Shen Zhongtian was lucky enough to pass the test this time, the public's trust in charitable organizations with official backgrounds fell to the bottom, and it was difficult to recover.

Even if relevant departments tried hard to win back the public's trust, this kind of trust seemed to be unable to recover forever. Therefore, during this period, the donation figures received by these charitable organizations with official backgrounds had been decreasing.

Many people bought things themselves and sent them directly to the disaster area or mailed them to the disaster area. They would rather spend more time and energy than donate money to those organizations again. Whenever they thought that the hard-earned money they donated might become the vehicles of people like Lan Lili, or the bags they carried, or the wine they drank at banquets, they felt disgusted.

However, public donations always needed a channel. Relying solely on the public to buy materials and send them to the disaster area was definitely not enough. The public did not have the energy to do this spontaneously for a long time, and they were not professional enough.

At this time, Hanhai Net announced the donation account and contact phone number of a non-governmental charitable foundation. This charitable foundation was, of course, the Xinhuo Charitable Foundation founded by Yu Ruizhi and his sister.

Xinhuo Charitable Foundation could actually have applied for public fundraising qualifications long ago and could accept donations from the society publicly, but Yu Ruizhi and his sister had never applied for public fundraising qualifications and had never publicly announced the donation account to the society.

They only accepted donations from some entrepreneur friends, such as Hou Group, Hanhai Technology, Mi Group, Xie Group, and so on. And these famous enterprises were also members of the board of directors of their foundation.

Private foundations and public foundations each had their pros and cons. Public foundations had wider channels to obtain funds and more sources of funds, but the supervision was stricter, and much information had to be publicly disclosed to the society. Therefore, Yu Ruizhi and his sister felt that running a public foundation was too unfree. Running a private foundation allowed them to do whatever they wanted without having to publicly disclose information to the society; they only needed to be responsible to the directors.

And the list of members of this board of directors was really famous. Each one was a famous entrepreneur. Their donations were already enough, so Yu Ruizhi and his sister did not feel the need to publicly raise funds from the society.

However, after the trust crisis of those charitable organizations with official backgrounds broke out this time, Su Xinghui persuaded them to turn the private foundation into a public foundation, because the public's enthusiasm for public welfare always needed a channel to vent. Instead of letting them donate money to those unreliable foundations, it was better to let them donate to the Xinhuo Foundation of Yu Ruizhi and his sister.

At the very least, the Yu siblings were wholeheartedly doing charity. Giving money to them was much more reliable than giving it to those charitable organizations with official backgrounds.

Su Xinghui persuaded the Yu siblings. They felt that some of the drawbacks of public foundations were not that annoying. Wasn't it just that someone was supervising? Wasn't it just that information had to be publicly disclosed? Anyway, their own supervision before was strict enough, and they were not afraid of publicly disclosing their data.

Anyway, neither Yu Ruizhi nor his sister held a position in the foundation. The one who held the position was a subordinate of Yu Ruizhi, and it would not expose the information of the Yu family. Therefore, they agreed with Su Xinghui's opinion and turned the Xinhuo Foundation into a public foundation.

With the energy of the Yu family and the energy of those directors, it was too easy for them to do this. Very quickly, they obtained public fundraising qualifications and announced their donation account through Hanhai Net.

Hanhai Net not only announced their donation account but also announced the list of directors of the foundation. These famous enterprises donated at least millions to the Xinhuo Foundation every year, and some even donated tens of millions. This fact suddenly made netizens dumbfounded.

And what made netizens even more dumbfounded was yet to come. Hanhai Net announced the list of schools and hospitals donated and built by the Xinhuo Charitable Foundation over the years, as well as the situation of other public welfare undertakings.

The reason why Yu Ruizhi and his sister took this name for this charitable foundation was that their initial idea was to build several public welfare schools in Yu Lao's hometown, taking the meaning of passing the torch. Later, their assets became more and more, and the donations they accepted were also more and more, so they also began to engage in other public welfare undertakings, including donating and building hospitals, poverty alleviation, disaster relief, and so on. Over the years, the schools and hospitals they donated and built had reached hundreds.

However, they were very low-key. The names of the schools and hospitals they donated and built were relatively ordinary and did not carry the name of their Xinhuo Foundation. But these schools and hospitals were indeed donated and built by them, and it was impossible to fake them.

Netizens roughly estimated that just these schools and hospitals needed to use more than 1 billion in funds. What was the background of this Xinhuo Foundation? This was too powerful, right?

In fact, the funds spent by the Xinhuo Foundation on public welfare undertakings over the years had already far exceeded 1 billion. Just during that '98 anti-flood period, they used hundreds of millions of funds to purchase various anti-flood and disaster relief materials. This time, the snow disaster, they also used a large amount of reserve materials.

Hanhai Net basically announced these things, but it was not very complete, so netizens could only look at the general situation. But even this general situation was enough to make people marvel.

Immediately, someone came out on the internet to reply, saying that they were also graduates of schools donated and built by the Xinhuo Foundation, and now they had been admitted to university, and some had even graduated from university, gone to work, and become people useful to society.

These people told the process of the Xinhuo Charitable Foundation donating and building schools in their hometowns. They said that although the teaching equipment of the schools donated and built by the Xinhuo Foundation was not the best—for example, none of them built computer classrooms—the quality of the teaching buildings and dormitories was absolutely the best, ensuring the safety of students. And the school also bore all the expenses of their impoverished students, including the cost of meals.

Many people told their own stories. They were all children from impoverished mountainous areas and had never thought that one day they could be admitted to such a good university, because the children there used to only read junior high school at most, and their families couldn't afford it, so they had to go out to work. It was the schools donated and built by the Xinhuo Foundation that realized their dreams, and they would always be grateful to the Xinhuo Foundation.

For a time, the Xinhuo Foundation became famous on the internet, and countless netizens knew the name of the Xinhuo Foundation. They all expressed that they would donate money to the Xinhuo Foundation.

The person in charge of the Xinhuo Foundation also issued a statement, stating that they would accept the supervision of the society, and the whereabouts of every cent of donation would be disclosed on the internet. There would absolutely be no non-transparent behavior, and they would use every donation for public welfare undertakings and would never use it for the operation of the foundation. Their operating expenses would all be paid by the members of the board of directors.

Many foundations had to use a part of the donations for the operation of the foundation, which was also reasonable and legal, because the operation of the foundation also required costs, which was understandable. However, many foundations followed the upper limit stipulated by law to stipulate operating expenses, and the use of operating expenses was not very transparent. This naturally led to incidents like Lan Lili's.

Therefore, this statement of the Xinhuo Foundation suddenly increased the public's trust in them. If such a foundation could not be trusted, which foundation was worth trusting?

The Xinhuo Foundation also announced their recent plans. They were currently fighting the snow disaster and sending various materials to the masses in the disaster area. And they had been building anti-seismic public welfare schools on a large scale in western Sichuan for the past two years. They planned to continue to build anti-seismic public welfare schools in areas prone to earthquakes such as western Sichuan this year.

On the very first day the Xinhuo Foundation announced the donation account, various non-governmental donations poured into this account one after another. The Xinhuo Foundation suddenly became the foundation that absorbed the most non-governmental donations.

This was very normal. The Xinhuo Foundation had strength, and those famous entrepreneurs were all members of the board of directors of this foundation, which explained the problem very well.

And the Xinhuo Foundation was an organization that did practical things. The large number of schools and hospitals they donated and built over the years was enough to prove their low-key, pragmatic, and efficient nature. Their integrity was also guaranteed, because they promised to disclose the whereabouts of every cent of donation and would hire professional accounting firms to audit them regularly.

How could such an organization not be trusted? In fact, there were many people with love in this society. They were willing to contribute a piece of love for public welfare undertakings, but if love was tarnished, they would no longer donate money to institutions that tarnished their love. They would look for other donation channels, and the Xinhuo Foundation was their new channel.