Ta Minh Tuan – Chairman of TMT Group, Founding father of Angel Toes Dream Fund
Just a few phrases to share with organizations, teams, or people doing charity work. And to all who’re .
In reality, we do not have to be an expert monetary group, we are able to all the time be clear about our actions, particularly with regards to cash.
The very first thing is that we aren’t ashamed of our conscience, which suggests we all know, heaven is aware of, earth is aware of, we expect that our motion remains to be okay if there’s a digicam it. And sure, in some unspecified time in the future we’ll imagine that there’s all the time such a “digicam” within the universe.
The subsequent factor is that we’ve an accountability, for everybody to know, concerning volunteering. If we’ve some problem associated to rationalization, it implies that inside our thoughts there are issues associated to ego and ego, so we really feel we don’t want to clarify. . As we start to rework the ego, we perceive that the upper we serve in a corporation, the better the accountability.
So, learn how to clarify when there aren’t any situations to ask an audit?
Right here, we want to give an instance of considered one of two charity initiatives, the Angel Toes Dream Basis.
Each month, the Angel Toes Dream Fund has a public and particular monetary report on its web site and Fanpage.
Does the fund have statements?
There isn’t any want to attend till current issues have induced a stir on-line, since a number of years, the Angel Toes Dream Basis has repeatedly reported and revealed its assertion experiences on-line in an everyday method. periodical and common. Anybody can watch.
The place can I view these Fund statements?
The experiences are transparently defined month-to-month via articles equivalent to on the Fund’s web site and Fanpage.
What’s the legality of those statements?
In case of pressing want, you possibly can all the time make an internet assertion, nonetheless, each on-line assertion can be supplied with a printed assertion, issued by ACB itself and licensed by the financial institution’s purple spherical seal. on legality.
Are statements coated?
Statements should not masked, garbled, or modified. Thus, these statements present that cash coming in and going out “even 1 dong” can’t “fall into the web”. It would present: does anybody convey cash to charity to open a financial savings account or not, does anybody convey charity cash to take a position this or that…
What if anybody suspects that these statements are photoshopped, or have been edited?
There may be nonetheless one possibility, which is to rearrange with a consultant of the Fund to verify immediately on the financial institution.
The assertion solely exhibits cash coming in and going out and truly it would not present when “cash goes out” “the place does it go”, ie the place does the cash go?
Subsequently, the Fund transparently experiences all fee authorization paperwork exhibiting which account quantity the cash goes to, whose account quantity is the right account variety of the recipient or the account quantity. somebody’s account for revenue.
And naturally, in case anybody suspects that this fee authorization is faux, then once more, just like the above, we are able to verify immediately on the financial institution and ask the financial institution as an “middleman unit” full of cash. respected and authorized sufficient to confirm the accuracy of those fee proxies.
Data on Fanpage about an pressing expenditure.
Subsequent, what if the authorization is right, however the assist object (accompanying the account quantity) is about up by the Fund aspect, to “movement” the cash out?
Subsequently, the Fund is at the moment public (publicly) who’s the thing of assist. In all media articles, the Basis doesn’t select to write down “pity”, “purchase tears”, however all the time select a civilized, full of sunshine, exhibiting a sensible but additionally optimistic view, rise, of the themes that the Fund chooses to assist. Subsequently, they’re additionally keen to look to convey religion to many individuals.
Subsequently, one can all the time simply verify if the account quantity belongs to the household of the individual being supported or not.
After all, one may even discover cellphone contact data publicly out there on the web site, in order that if doubtful one can name the recipient immediately and verify.
And whether it is suspected that the following is a faux cellphone quantity, the handle data of the assist recipient is all the time public of their profile on the web site, in order that the golden hearts, the sponsors can go to, or anybody doubtful can come to the place, meet the kids, meet their dad and mom, chat and ask whether it is true that the household has acquired such a switch quantity, inside a time period as follows: So, from the Basis or not.
If any household is afraid to make their cellphone quantity and handle data public on the web site, the Fund is not going to make it public, however will organize for individuals who have to have such data to verify privately. Normally, households agree to look as a result of they’re trustworthy folks, inform the reality about their household background, there may be nothing to be afraid of!
The place does the fund get the expertise to do these items so carefully?
In reality, I personally skilled a monetary distortion 10 years in the past. And I did not take anybody’s cash, however I had problem in accountability to shareholders, so it induced some pointless misunderstandings. The whole lot then had a solution and I used to be vindicated. Nevertheless, it’s a necessary lesson.
Grateful that the universe organized for the size of this to be so small, in only one group, to organize for my different works sooner or later!
There may be yet one more factor, not associated to charity, however associated to funding. After I put money into an organization, as a result of I really like an individual and need that individual to additionally profit from this funding, I’ve invited to contribute 50% of the full capital of 100% of my contribution.
And this individual would not have any authority over the enterprise, as a result of that is the settlement between that individual and me. That’s, if the enterprise is efficient and I get advantages, then I’ll share my advantages with that individual.
That is truly regular in investing, for instance in some TV exhibits to lift capital, in actual fact the buyers showing on it have a consultant position, they don’t have to make use of all of their cash. to take a position, generally they solely have to commit a minority of the capital they commit on tv to put money into the startup, the remainder they mobilize from their community.
Nevertheless, I’m proper about this in principle, however by way of love, I’m unsuitable. So I will not try this anymore. And right here, I additionally share in a really candid means, publicly, additionally it is the primary and solely time that I achieve this, the remainder of the opposite funding offers I take part in myself. .
Mr. Ta Minh Tuan is an skilled businessman out there.
Most likely since then, a only a few of you began saying that I take advantage of charity cash to take a position. Instantly, I present supporting statements. It’s not clear whether or not those that have mentioned so have ever bothered to learn the Fund’s monetary statements and explanations, nonetheless, you’ve motive to be skeptical.
And all these experiences create clear and sensible working initiatives for the group sooner or later. On the identical time, it should even be talked about that the efforts of the teammates who immediately function the fund, with the proper spirit of service.
Sure, there are numerous folks throughout the nation who can even vouch for the transparency of the Fund, as a result of they’ve been, or are at the moment, energetic workers on the Fund. They perceive that the Fund is clear to each thousand dong.
Let’s perceive that, if we’re unsuitable, we right it, we’ve classes to study, everybody has a previous, and everybody has a future.
So, will the Fund have any actions within the close to future? What ought to I do if I really feel safe and wish to contribute and accompany the Fund?
Presently, the Angel Toes Dream Basis is constant to ask you to take part in direct 1-to-1 assist to pediatric sufferers with leukemia and critical blood ailments.
Each month you contribute a small quantity, however sufficient to guard the newborn’s life. You accompany your child for six months, 1 yr, or extra, relying in your skill. The good factor is, 100% of the cash raised goes on to the beneficiaries.
You recognize, in lots of funds together with international international locations, due to the necessity for funding to take care of operations, solely a sure share (so long as it’s acceptable) of the cash you contribute will attain the poor. towel.
For instance, the fund will deduct 30% of the wage fee of the workers who severely work for the fund (if it might probably’t be operated professionally), communication, and operation, and solely 70% of the cash you contribute reaches the fund. with tough topics. Nevertheless, there are funds the place this 70% ratio drops to solely 50%, even 30%, 10%, and we see distortions showing in philanthropy.
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