Fubon Financial

Taipei Fubon Bank Added 12 New "Public Welfare Trusts" in 2016 The Highest Among Local Private Banks

2017.04.27

Taipei Fubon Bank once again set a new record for its public welfare trust service, creating 12 new trusts in 2016 that topped all local private banks. The size of the public welfare trust assets under management has also increased significantly by 46.7% compared to 2015, which is evident of how the public is increasingly aware about the importance of public welfare trusts, as well as the level of professionalism demonstrated by Taipei Fubon Bank in this respect.

Motivated by a brand spirit that conveys positive energy, Taipei Fubon Bank continues to spread love and care in every service activity it performs. Its efforts have been well-recognized by the public since the creation of the "Senman Education Fund Trust," the first education-based public welfare trust in Taiwan, in 2004. This led to the creation of public welfare trusts for various purposes since then. Today, Taipei Fubon Bank manages a total of 19 public welfare trusts with themes ranging from education, sports to social welfare and different sizes from nationwide to small, localized trusts. Every public welfare trust represents an act of love from the trustor; they gather small acts of kindness and allocate resources to those in need without the constraint of time.

According to Taipei Fubon Bank, public welfare trusts are established for purposes such as charity, culture, academics, and religion. Compared to a foundation, a public welfare trust is relatively easy and less costly to set up, manage and operate, while the allocation of capital is supervised by the authority. This form of establishment has become increasingly popular over the last few years. Taipei Fubon Bank, for example, helped create 12 new public welfare trusts in 2016, which outperformed all local private banks. Meanwhile, the size of public welfare trust assets under management has also increased significantly by 46.7% compared to 2015, which is evident of how the public is increasingly active about the use of public welfare trusts.

In a public welfare trust, the trust supervisor holds decision-making authority over the use of capital, and supervisors from different areas of expertise have contributed to the diversity of public welfare trusts. The "C33 Football Fund Trust," for example, is the only sports-related public welfare trust in Taiwan created to promote the sport of soccer. The trust provides funding for uniforms, boots, and training camps to junior high school and elementary school students living in remote areas of Hualien and Taitung, thereby allowing them to practice without worries. In addition to supporting soccer training in remote areas, the trust also organizes elite training camps in riverside parks in Taipei City from time to time, so that children in the metropolitan area may have more opportunities to participate in the sport of soccer. By sponsoring in remote and metropolitan areas, the Bank helps plant the seeds of hope in future soccer talents that may someday grow to popularize the soccer sport in Taiwan.