Hermes-Epitek is a service-oriented company that believes that “altruism is the value of existence”. Giving back to society, the poet William Butler Yeats once said: Education is not the filling of a pail, but the lighting of a fire. Charity is the same. The water is filled, which is just a moment of nourishment; only igniting a flame and keeping the flame alive can allow for change to happen.
Therefore, we have been thinking about how to make charity sustainable. Hermes-Epitek has studied world-renowned models, including Bill & Melinda Gates Foundation, the famous tenor Luciano Pavarotti Foundation, and The Rockefeller Foundation. Take the Bill & Melinda Gates Foundation as an example: They set a trust above foundation, managing and investing assets which its portfolio mainly allocated on stocks. Gates and Warren Buffett still donate their stock to the Gates Foundation and Trust each year, and the Foundation’s income is ensured through the yield, which has made tremendous contributions to the promotion of philanthropy and other public welfare undertakings around the world, such as the elimination of polio.
All kinds of empirical evidence have demonstrated that the trust is indeed a good system. The coordinated operation of a “Public Trust + Foundation” has been widely adopted in advanced countries, which has also ensured the sustainable operation of charitable organizations and made up for government limitation.
The establishment of the Yeats Social Welfare Foundation Trust and the previously established H Foundation are complementary in terms of scale, funding sources, and funding targets. The donated stocks enable the trust to use the continuous dividend income for charity, and we will expand our commitment to the public welfare, so that the ideal of sustainable charity can take root.