PUTRAJAYA: Foundations in the country must not solely depend on donations, but rather enhance their financial standings through investment and business ventures, says Datuk Seri Anwar Ibrahim.
Speaking at the launch of Tabung Kebajikan and Pelajaran Yayasan Wilayah Persekutuan here today , the Prime Minister said funds must be invested wisely.
"Every committee involved in management, investment and education must gain experience and expertise through the engagement of professionals so that the level of management and decisions on investments can be sustained,” he said. "The committees will initiate a new tradition - whoever contributes to the foundation, the contributor will receive a report from the management as to how their contributions are channelled or used.
The Prime Minister added that such a move would not only gain the trust of contributors but shows the seriousness of how the committees manage its funds and how it channels such funds to the needy.
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