Xu Yongguang has retired from the China Youth Foundation and turned to be a trader of a non-public fund, from the leader of an official public welfare organization to a social investor. He used the funds of the Du Nan Foundation for social investment, which is different from the pursuit of economic profit maximization by commercial venture capitalists. As a social investor, he pursues the maximization of the social effects of the institutions he invests in. The new citizen school is his first social investment project.
From the south gate of Beijing Chaoyang Park all the way to the east, through the best greening area in Beijing, until Magezhuang outside the Fifth Ring Road, lush green trees and street parks gradually disappeared, replaced by low bungalows and hardware stores on both sides of the road, and a primary school named "Chaoyang District First New Citizen School".
The purpose of this primary school is to provide high-quality education for the children of migrant workers. Before the start of school in September, a transformation has been quietly completed. An organization named Narada Foundation intervened in this private school, providing it with 6.5438+0.55 million yuan of funds, setting up a school board and selecting a principal. The new headmaster Hu moved his family to the school and got up at 6 o'clock every day to meet the students. He is very happy here, "because seeing the students' eyes shining, his spirit is very good"! One semester 100 yuan tuition, meals in 50 yuan, children can put on free new school uniforms, line up to cook in the canteen at noon, and then say "thank you" to the master. Teachers' monthly salary has tripled, although it is only 1500 yuan.
Xu Yongguang, born in 1949, left Wenzhou at the age of 30. It took Xu Yongguang seven years to become a bureau-level cadre from an officer, and his position was the head of the Organization Department of the Central Committee of the Communist Youth League. It is said that it is difficult for many people to complete the process of promotion in political institutions all their lives.
But Xu Yongguang only stayed in this position for two years. 1988, when Xu Yongguang decided to resign as the director of the Organization Department of the Central Committee of the Communist Youth League, Mr. Nan, whose ancestral home was Wenzhou, hoped that Xu Yongguang would run the "Jinwen Railway" for himself, which was the first local railway in China without government investment. However, Xu Yongguang chose to set up the China Youth Development Foundation with a registered capital of 654.38 million yuan. According to Xu Yongguang's personal website, "17 Hope Project raised more than RMB 3 billion at home and abroad, helped 2.89 million out-of-school children in poverty-stricken areas, and built12,559 Hope Primary Schools, becoming the most influential social welfare brand in China".
Since Hong Kong's Next Weekly questioned the use of funds for Project Hope in 1994, the debate about Xu Yongguang has never stopped. In the future, Xu Yongguang always defended himself with one sentence, which he said was what Nan warned him more than ten years ago: slander and reputation go hand in hand. Xu Yongguang's face is soft and angular, and he smiles at everyone. His hair is always neatly combed, and he always wears a cheap dark suit. It is hard to imagine that such a person will stay in the whirlpool of controversy for several years. He had a marathon lawsuit with Next Weekly for six years and was questioned by his lawyer for eight hours.
Xu Yongguang, the evolution person of the Foundation, claimed that around 1997, he had given up when Hope Project and Xu himself were in full swing. "I hope that the project is too risky, and I have proposed to end it several times. 1997 I put forward that this is the last round of hope project because of an institutional problem that he can't solve: "There are three kinds of social organizations in any society: the first is government departments; The second is the enterprise; The third is the non-profit sector. This department should be divorced from the government. But as far as the government is concerned, the government is in charge of the third sector. Institutionally speaking, the Council should be the highest institution of the third sector, but it also has the mother-in-law of the government. Is it the Council or the government? "
Another problem is that these government-run NGOs have no special operating funds. If the funds raised from the public are used as operating expenses, they will be criticized by the outside world. Xu Yongguang's solution is to invest with the raised funds and use the money earned from the investment as operating expenses. This is also the reason why he was criticized: the investment failed, whose name the funds operated in, and so on.
Xu Yongguang insisted on resigning from the post of Secretary-General. In 2005, he resigned as the executive vice president of the Youth Foundation, and then resigned as the vice president of china charity federation, and began to organize the Du Nan Foundation from 1 1 that year.
Zhou Qingzhi, chairman of Du Nan Group, has been a good friend of Xu Yongguang for many years, both of whom are from Wenzhou. 18 years ago, "I left the government to do public welfare, and he left the government to do business; I watched him grow up and he watched me grow up. " I hope this project will be famous all over the world. In 20001year, Zhou Qingzhi ranked 45th among the richest people in Chinese mainland 100.
After 18, the two of them reached the same goal by different routes. "Nobody convinced me, so we hit it off." . Shanghai Du Nan Group invested 300 million yuan, of which 1 100 million yuan was the registered capital, and another 200 million yuan was the principal of the Foundation, with Xu Yongguang as the trader. "Funded foundations have three orientations: one is to fund community services and public welfare projects; One is to cultivate non-governmental organizations and social entrepreneurs, such as Asoka, and the other is to fund academic research and think tanks. The Du Nan Foundation is the first two categories. " Xu Yongguang said. This new foundation is completely different from the semi-official foundation that Xu Yongguang has served for many years. Xu Yongguang finally escaped from the sword of Damocles hanging over his head: first, the structure of the Du Nan Foundation is easy to straighten out; Second, there is no problem of operating expenses; Third, Xu Yongguang doesn't have to worry about investment. The highest decision-making body of the Du Nan Foundation is the Board of Directors, and independent supervisors supervise the operation of the Foundation. The board of directors has a special investment management committee, which is responsible for the principal of the Capital Operation Foundation. The income generated by the operation is distributed by the special project evaluation Committee and the new citizen school development center. Because of his many years of experience in non-profit organizations, Xu Yongguang is the best person to be responsible for the allocation of funds. "I started the project bidding in July 2007, and the bidding fund is roughly 20 million yuan. The money will be used to build 10 new civic school. This way can ensure the efficient use of funds. I will choose excellent institutions, and if I don't do well, I won't get resources, which is also conducive to the survival of the fittest in this industry. "
In addition to the professional investment team, abundant operating expenses also enable Xu Yongguang to recruit outstanding talents who can work for a long time. "Du Nan holds a master's degree from the University of Hong Kong and an EMBA degree from Peking University. Although our income is still lower than that of commercial organizations, appropriate monetary returns can make idealism last longer. " At present, the annual salary of middle managers of Du Nan Foundation is 654.38+10,000 yuan.
Xu Yongguang became a social investor in the management professional team. The operation of foundations is completely similar to that of commercial investment institutions, except that the purpose of social investors is to maximize social benefits. For example, in the project of New Citizen School, the Du Nan Foundation invested funds to ensure the initial start-up and normal operation of the school within three to five years, but did not participate in the management of the school; Just as venture capital invests money to ensure that a promising company has operating and expansion expenses and will not get involved in the management of the company. Commercial investment institutions, such as investment banks and PE, will help the companies they invest to set up the board of directors, and the Du Nan Foundation will also help the new citizen school to set up the board of directors. "The task of the board of directors is to grasp the general trend of the school, integrate social public welfare resources, and make the school a self-help and sustainable public welfare organization, and no longer rely on the capital investment of the Du Nan Foundation." Then, commercial investment institutions wait for their own investment to produce rich equity returns; Du Nan Foundation hopes that its investment can solve the education problem of migrant workers' children as much as possible.
However, Xu Yongguang faces the same problems as venture capitalists. He has money, but he doesn't know who to vote for. "I can't find a good institution or a good individual. This industry is too weak ","at that time, Xu Yongguang became news when he had money to spend "! In 2007, the money was 8 million yuan, and in 2008 it will be180,000 yuan.