If you are a Hong Kong taxpayer, there is a new way to make a charitable gift to Penn: The University of Pennsylvania (HK) Foundation Ltd.
Recently established by the University, this Foundation enables you to easily make a tax-beneficial gift to Penn. The Foundation is recognized as a 501(c)(3) tax-exempt organization by the United States Internal Revenue Service and as a tax-exempt charity under Section 88 of the Inland Revenue Ordinance (Cap. 112) by the Hong Kong Inland Revenue Department. This structure enables Hong Kong taxpayers to make charitable gifts to the University, obtaining Hong Kong tax relief, and typically will enable those paying both Hong Kong and U.S. taxes to also claim relief in both countries. All gifts received by the Foundation will be offered a dual receipt for Hong Kong and U.S. tax purposes.
We encourage you to contact your advisor prior to the end of the Hong Kong tax year, March 31, to determine if you can benefit from using the Foundation.
Gifts can be made in Hong Kong or U.S. dollars or equivalents (checks, bank drafts, etc.) and should be payable to the University of Pennsylvania (HK) Foundation, Ltd. Payments should be sent to the following address:
If you prefer to wire your gift, the wiring instructions are as follows:
If you prefer to make a gift of shares, or if you require further information and have additional questions, please contact the International Development Office.
When making your gift, please include your contact information, the purpose of the gift, and how you would like to be acknowledged to ensure your gift is accounted for appropriately when granted to the University.
Gifts of Stock
Hong Kong citizens can make a gift of stock to the University of Pennsylvania (HK) Foundation, Ltd. We encourage you obtain instructions using the following form.