Philanthropy

41989237_sCharitable Foundation is a trust which is incorporated under CCM with minimum seed fund of RM 1 million into trust (approval by MOF) to carry out charitable activities to community with objective of relief of poverty, education, religious regardless of race and creed.
A charitable Foundation is allowed to solicit fund from public through donations to foundation. Inland Revenue Board (IRB) may grant tax exemption (foundation itself) and tax relief (donor) subject to suitable charitable activities carried out by foundation.