Yiwu establishes third philanthropic fund

The Yiwu Red Cross "Binwang Poker Charity Fund", sponsored by Zhejiang Binwang Poker Co., Ltd., has been established. The donation of this public welfare fund will last for at least 5 years, with a cumulative amount of at least 1 million yuan.

After the establishment of the "Binwang Poker Charity Fund", for every box of Binwang Poker sold, "Binwang Poker" will donate one cent to the fund. This donation will last for more than 5 years. This year, "Binwang Poker" has promised to donate at least 100000 yuan, and the annual donation amount thereafter will not be less than 200000 yuan.

At the signing ceremony, Wang Ying, Vice Mayor of Yiwu City and President of Yiwu Red Cross Society, praised the good deed of "Binwang Poker". We have been planning this philanthropic fund since last year, hoping to inspire more Yiwu entrepreneurs to participate in the philanthropic cause, "said Lou Qinfeng, Chairman of" Binwang Poker "

It is reported that 70% of the expenditure of the "Binwang Poker Charity Fund" will be used for education, and the remaining 30% will be used for medical assistance. This fund is also the third philanthropic fund of the Yiwu Red Cross, with the first two being the "Recovery Love Medical Assistance Fund" and the "Great Charity Education Fund".