Giving to Penn from Hong Kong

The University of Pennsylvania (HK) Foundation, Ltd., is recognized as a tax-exempt charity under Section 88 of the Inland Revenue Ordinance (Cap. 112) by the Hong Kong Inland Revenue Department as well as a 501(c)(3) tax-exempt organization by the IRS in the U.S.

With your gift to the The University of Pennsylvania (HK) Foundation Ltd., you are eligible to receive a Hong Kong tax benefit. If you pay both Hong Kong and U.S. taxes, you can receive a tax credit in both countries.

Hong Kong taxpayers can claim deductions for their charitable contributions up to 35% of total assessable income or profits for the tax year. For example, if your assessable income is $500,000 (Hong Kong dollars) after allowable expenses, you can claim up to $175,000 (Hong Kong dollars) in approved charitable donations. We recommend that you consult with your tax advisor prior to making a gift.

Learn more from the Inland Revenue Department

Once you make a gift to The University of Pennsylvania (HK) Foundation, Ltd., you will receive receipts for tax purposes.

If you need a copy of your Hong Kong receipt, please contact Global Philanthropic.

If you need a copy of your U.S. receipt, please contact Muriel Mills.

Contact Eleanor Poulton at the University of Pennsylvania (HK) Foundation, Ltd:

University of Pennsylvania (HK) Foundation, Ltd.
Global Philanthropic
Tesbury Centre, Room 804, 8th Floor
28 Queen’s Road East
Wan Chai, Hong Kong
Tel: +852 2866-1535
PennHKfdn@lists.upenn.edu

If you choose to give by check, money order, or bank draft, please make your gift payable to The University of Pennsylvania (HK) Foundation, Ltd. Gifts are accepted in both Hong Kong and U.S. dollars.

Mail your gift to:
University of Pennsylvania (HK) Foundation, Ltd.
Global Philanthropic
Tesbury Centre, Room 804, 8th Floor
28 Queen’s Road East
Wan Chai, Hong Kong
PennHKfdn@lists.upenn.edu

With your gift, please include:
Your contact information
Your name as you’d like it listed for recognition purposes
Amount of your gift
Penn program(s) you’d like your gift to support

You can also make a gift to The University of Pennsylvania (HK) Foundation, Ltd. by wire transfer. Donations are accepted in Hong Kong or U.S. dollars. The wiring instructions are as follows:

Beneficiary Bank Name: HSBC Hong Kong
Beneficiary Bank Address: 1 Queen’s Road Central, Hong Kong
Beneficiary Account Name: University of Pennsylvania (HK) Foundation, Ltd.
Beneficiary Account Number: 848-350880-838
Swift Code: HSBCHKHHHKH

*In the wire reference, please include your name and contact information so you can receive proper credit for your gift.

*Once you have initiated a wire transfer, please notify PennHKfdn@lists.upenn.edu to alert our foundation administrator about your gift.

Gifts of stock can be made to The University of Pennsylvania (HK) Foundation, Ltd. To get started, contact your broker to initiate the transfer and then, download Penn’s Hong Kong Foundation Securities Form below and fax, mail, or email a copy to:

Jean Suta
University of Pennsylvania
2929 Walnut Street, Suite 300
Philadelphia, PA 19104-5099
Telephone: (215) 898-7254
Fax: (215) 573-5118
Stockgifts@lists.upenn.edu

*Please note the importance of including your name and contact information so that we are able to match the stock transfer to your gift intention.

Hong Kong Foundation Securities Form

Many employers may offer a matching gift program, which can significantly increase the impact of your donation to Penn.

In many cases, participating companies will match an employee’s donation dollar-for-dollar up to a set amount; some will even double-match. 

Please contact your Human Resources department to find out about matching gift benefits. If your employer does offer gift matching, send any necessary forms to The University of Pennsylvania (HK) Foundation, Ltd. for processing.

University of Pennsylvania (HK) Foundation, Ltd.
Global Philanthropic
Tesbury Centre, Room 804, 8th Floor
28 Queen’s Road East
Wan Chai, Hong Kong
PennHKfdn@lists.upenn.edu