About HKIS Charitable Foundation
The HKIS Charitable Foundation Limited 香港測量師學會慈善基金有限公司 (‘the Foundation’) was incorporated on 9 April 2014.
The Foundation was established by The Hong Kong Institute of Surveyors (‘the HKIS’) for the purpose of receiving voluntary donations and organising fundraising activities as well as making donation of money to provide relief or to support some academic researches.
In the past, the HKIS had faced situations in which it wanted to make donations for charitable purposes or provide funding towards scholarships, research projects and sponsorship however financial considerations and restrictions under the HKIS Constitution and Bye-Laws prohibited the Institute from making donation of money to the community or any charitable institution or providing relief to those in need.
In 2012, a working group was formed under the Strategic Planning Committee of the HKIS to study and make recommendations in the setting up of a Foundation Fund.
In 2013, the HKIS General Council endorsed the recommendation of the Strategic Planning Committee to establish a Foundation Fund under an independent limited company under the Companies Ordinance and to appoint a Consultant to handle the incorporation of ‘HKIS Charitable Foundation Limited’.
The Founder Members of the Foundation are HKIS Past Presidents, Sr Serena Lau and Sr Dr Stephen Lai.
The first Board of Directors of the Foundation comprise the 2 Founder Members, the HKIS President and one representative from each of the six Divisions of the HKIS.
At the first meeting of the Board of Directors on 4 June 2014, it was resolved to invite members of the current General Council of the HKIS to become Ordinary Members. It was further resolved that no entrance fee or annual subscription shall be payable by members upon admission to membership.
An Operations Committee, appointed by the Board, shall manage the day-to-day affairs of the Foundation.
The Foundation is an approved charitable institution and exempt from tax under Section 88 of the Inland Revenue Ordinance.