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| Tax Exempt Certification for Foundation 2018/10/19 |
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The
Hong Kong government has approved the Mark Obama Ndesandjo Foundation Limited as a charity with tax exempt status effectively from March 2014. This Section 88 certification allows
donors to claim tax exemptions, and enables the foundation to use more of its
funds for needy causes . The board of directors, in particular David Buxbaum of
the esteemed law firm of Anderson and Anderson, as well as Professor Alice Chiu
were instrumental in making this a reality. “Now we can direct more of our
donors funds to our mission, and allow donors to give their funds to needy
children instead of to the government,’ said Mark Obama Ndesandjo.
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