Page 66 - Forbes - India (January 2020)

Cross Border

courteSy: tanoto Foundation
Belinda Tanoto sold her minority stake between
2011 to 2013 for a total of roughly
S$3.1 million.
● SHEElA SArVANANdA

Liu Daoming,

62
Wang Ping

Chairman and owner,
Myhome real estate
Development Group
ChINA
liu and his wife Wang Ping last
year pledged $11 million to the
Myhome Community Volunteer
Philanthropic Foundation in
China’s Hubei Province. The
couple set up the foundation in
2016 with a $3 million
endowment to help senior
citizens volunteer for community
Belinda foundation supports research on time-philanthropist, has given services in their area of expertise:
For example, retired teachers
away nearly S$4 million ($2.9
Tanoto, 34 diseases prevalent in Asia. million), primarily to provide tutor children and former medical
Separately, Anderson devotes
professionals offer free health
Director, royal Golden eagle about a fifth of his time to the traditional Chinese medicine to care lectures. A total of 11,000
the underprivileged and elderly,
foundation’s leadership training
66 programmes and its support of with almost S$300,000 of that volunteers have so far spent
nearly 310,000 hours in the
Anderson the United Nations’ sustainable donated since 2018. As executive foundation’s programmes. liu’s
chairman of the Sian Chay
development goals
Tanoto, 30 Medical Institution, an unpaid Myhome property group is a
publicly listed company
Director, royal Golden eagle ● PUdJI lESTArI position, Toh has expanded the that had 2.5 billion yuan ($350
118-year-old institution from a
million) in revenue last year. This
INDoNesIA single clinic serving 26 patients a year, liu signed the Giving Pledge.
Toh Soon Huat, day to 15 clinics serving roughly
The Tanoto siblings lead their 1,100 patients daily across ● JANE Ho
family’s philanthropy through the 59 Singapore. The son of a taxi driver,
Tanoto Foundation. The family in Toh started his furniture brand
2019 donated $16.7 million, up 30 executive chairman, Novena in 1984 and in 2000
percent from 2018, primarily to sian Chay Medical Institution listed it on the Singapore Kathy Xu, 52
support and provide education for Exchange. He sold his roughly 28 Founding partner, Capital
all, from early childhood to sINGAPore percent stake in 2009 for S$8.5
university. It also aims to prevent Toh, an entrepreneur-turned-full- million; his wife lee Kek Choo Today
stunted growth in Indonesia’s hoNG KoNG
children—which afflicts an courteSy: toh Soon huat
estimated 10 million of the Toh soon huat Venture capitalist Xu gave $4
country’s youth. of the two, million late last year to her alma
Belinda is the most actively mater Nanjing University to
involved in the foundation and endow the Kathy Xu Artificial
focuses primarily on early Intelligence development Fund,
childhood development. The which aims to recruit top talent
foundation has so far trained and advance the field of artificial
15,000 teachers and funded intelligence. Her previous
nearly 7,500 university donations include $6 million since
scholarships. The Tanotos own 2010 for scholarships at the
royal Golden Eagle, which holds university. Among them is an
interests in various companies award established in 2015 that
across Asia. Their parents,Sukanto gives up to $60,000, the largest
and Tinah Bingei Tanoto, started scholarship the university offers,
giving to philanthropic causes in to an undergraduate to go
the 1980s. The family’s efforts overseas to study science,
have since expanded as far as technology, engineering, or
China, where the foundation mathematics. Xu, who graduated
offers training to parents in rural from the university in 1988,
areas. In Singapore, the founded Capital Today in 2005
forbes indiA • january 31, 2020