According to the database ranking of Foundation Center Network, at the end of 20 10, the assets of Henan Song Jihui had reached nearly 3 billion yuan, ranking first among more than 2,000 charitable foundations in China, followed by Peking University Education Foundation, a private equity fund, with assets of only 654.38+02 billion yuan, while China Red Cross Foundation had only 700 million yuan and China Soong Ching Ling Foundation had less than 300 million yuan.
On this list, Henan Song Foundation has won three consecutive championships, and its asset scale has climbed at an alarming rate. In 2008, it was 654.38+0.5 billion, and in 2009 it was 265.438+0 billion. As for 2007 and before, because there is no financial data of Henan Song in the database, it did not enter the ranking. Not only that, as a provincial charity, the Henan Songji Foundation has also received a surprisingly high donation income. Its donation income in 20 10 exceeded 10 billion yuan, ranking first in the country and nearly twice that of the China Red Cross Foundation and the China Foundation for Poverty Alleviation. You know, in 2008, when the China Red Cross Foundation accepted massive donations from the public, the donation scale raised by China was only 10 billion yuan.
The fundraising ability of Henan Song Foundation is amazing year after year: in 2009 and 2008, Henan Song Foundation raised 600 million yuan and 800 million yuan respectively.
This super fund-raising ability is a huge mystery-searching the public information, it is found that even the large enterprises promoted by Henan Song Foundation donate only tens of millions, and only two or three in a few years.
However, in sharp contrast to its powerful fund-raising ability, Henan Song Foundation lags far behind in public welfare expenditure.
Public welfare expenditure
According to the Regulations on the Management of Foundations, the annual expenditure of public offering foundations for public welfare undertakings shall not be less than 70% of the total income of the previous year, which means that the public welfare expenditure of Henan Song Foundation in 20 10 and 2009 must reach 420 million yuan and 480 million yuan, but the actual situation is only1400,000 yuan and 80 million yuan, which is far from the prescribed amount.
If you can raise a lot of money but can't spend it, it is not difficult to understand that there should be a lot of money in the foundation's account. But the fact is just the opposite-it is not difficult to see from the balance sheet of Henan Song Dynasty in the past three years that the Foundation does not have much monetary funds on hand. At the end of 20 10, it was only 1 100 million yuan, and it was only10 million yuan at the end of 2009 and 2008.
Involving real estate
The balance sheet shows that a lot of money is in the "accounts receivable" account-in short, it is lent.
These funds have flowed into various "Songji" companies, such as Henan Songji Investment Co., Ltd. (hereinafter referred to as Songji Investment), and Zhang Handong, the current secretary-general of Henan Songji Association, or his employees are shareholders. In addition to the above-mentioned various investment businesses, there are even a lot of funds for lending.
In some business circles in Henan, it has long been an open secret that Song Ji can "lend" in investment.
The annual audit reports of more than a dozen companies related to Songji Investment over the years show that almost all companies have huge amounts of other accounts receivable and other accounts payable on their balance sheets, ranging from tens of millions to hundreds of millions, but the amounts of other subjects are relatively small.
Comparing the detailed records in these companies' annual audit reports, we can see that a large number of loans directly or indirectly come from Henan Songji Association, and the final destination of funds is varied, distributed in real estate, steel, computer network, commodity trade and many other fields.
As for the inexplicable donation income of Henan Song Foundation, part of it comes from this, which is also a "business model" of Henan Song Foundation-Song Foundation lends money and donates interest.
A loan dispute revealed the secret of this "model": a 20 10 loan dispute judgment made by the Intermediate People's Court of Shangqiu City, Henan Province showed that a local enterprise borrowed 8 million yuan from the Song Foundation of Henan Province for a period of three months. As a consideration, the enterprise has to donate 6.5438+0.6 million yuan to the Foundation, which is "interest" in a sense. 20 11September1Sunday, Southern Weekend reported various mysteries in the operation of Soong Ching Ling Foundation in Henan Province (hereinafter referred to as Henan Song Foundation), which caused an uproar on the Internet.
Henan Song Foundation: The report is "untrue, inaccurate and out of context".
Henan Song's office is located on the third floor of the "Enterprise No.1" office building, south of the intersection of Zhongzhou Avenue and Civil Aviation Road in Zhengzhou.
2011around the morning of September 2 10, the security guard in Henan Song office said that many people nearby knew that the newspaper had reported Song's story, and he heard it from others last night.
In the office area of Henan Song Jihui, the order has not changed obviously, and the staff who come in and out are in a hurry, and no one speaks.
Liu Guangjie said that they all read the report of Southern Weekend, and that "the management of Henan Song Foundation has studied it", but they have never been exposed to it in the process of writing the report, and there are many inaccuracies in the report, such as "Shangqiu lawsuit". In the first trial, Henan Song Foundation lost the case, but they appealed to Shangqiu Intermediate People's Court, and Song won the case in the second trial.
"As for the' land', it can't be finished in one or two sentences." Liu Guangjie said that it was initially decided to hold a press conference next Monday or Tuesday. At that time, Henan Songji Foundation will provide written materials including proof that "land" is legal. Media people can take these materials, and all the situations will be clear. They can also take the materials to check the documents of relevant government departments to confirm.
Deputy Secretary-General of Henan Song Foundation said that the media reports were "untrue, inaccurate and taken out of context", and some people even got their names and positions wrong, which will be "publicly clarified" at next week's press conference.
The iron gate of the sales department of Songji Greentown Emerald Garden is locked.
2011September 2, at the northeast corner of the intersection of Longhu Outer Ring South Road, Jiuru Road, Zhengdong New District, the "Songji Greentown Emerald Garden" and the "Henan Soong Ching Ling Foundation Youth and Children Activity Center" reported by the media are under construction. The former 15 building has just been built above the ground, while the latter is undergoing finishing renovation.
In the southwest corner of the construction site, a small courtyard is separated and the door is locked. There are green trees in the yard, neat and clean, and there are three bare flagpoles in the middle of the trees. On the exterior wall of the luxurious decoration sales department of "Songji Greentown Emerald Garden", there is no established word "sales department". In the empty yard, people occasionally come in and out. Two security guards wearing red epaulettes and blue uniforms quickly ran out to open the door, then looked at the door warily and locked it.
Not far from the east of the sales department is the site gate of Building 15. On the project bulletin board at the entrance, the project name is "S2- 16 plot 1 #- 14 # building of Henan Shang Yi Real Estate Co., Ltd., Phase I underground garage and civil air defense basement project". Different from the "Songji Greentown Cuiyuan" which covers an area of 100 mu, two six-story buildings of "Henan Soong Ching Ling Foundation Youth and Children's Activity Center" are "squeezed" into the intersection of JiuRudong Road and Longhu Outer Ring South Road.
On 20 11September1day, the media reported various mysteries in the operation of Henan Soong Ching Ling Foundation (hereinafter referred to as Henan Songjihui), which mentioned that 80% of the public welfare projects of Henan Songjihui in Zhengdong New District were transformed into luxury houses; Donations are managed by companies with a large number of employees holding shares; There are many problems in using a lot of money to borrow. After the report was published, this incident aroused strong repercussions among the citizens. Yesterday, the United Front Work Department of the Provincial Party Committee, the Provincial Civil Affairs Department, the Zhengdong New District Management Committee and other departments have been involved in this investigation. Liu Guangjie, director of the office of Henan Song Foundation, said: "There are many charitable organizations this year. After the Red Cross and the Youth Foundation received media attention, we knew it was not far from us. This also shows that there are some problems in the management system of charitable organizations in China. After the incident, the provincial United Front Work Department, Song's superior competent unit, attached great importance to this and has begun to investigate the matter.
At the same time, this incident also attracted the great attention of the Zhengdong New District Management Committee and immediately launched an investigation. On September 2, Zhengdong New District Management Committee explained the matter. It is mentioned in the explanation that in 2007, Shangyi Real Estate acquired the land use right of LS- 159.35 mu 159.35 mu through listing and transfer, which was used for business services, leisure and entertainment, and sports (culture). 20 1 1 July, the plan was not approved due to the incomplete construction application procedures of Zhengzhou Shang Yi Real Estate Co., Ltd. The Management Committee of Zhengdong New District investigated Zhengzhou Shang Yi Real Estate Co., Ltd., which started construction in violation of regulations, and ordered it to stop working in an all-round way.
In this regard, the Zhengdong New District Management Committee will urge Shangyi Real Estate to standardize the construction plan, and construction can only start after approval. The relevant person in charge of Henan Song Foundation said that the Foundation set up a special investment company ten years ago to preserve and increase the value of its funds; In the process of investment, the investment company further expands the principal scale by means of "investment for donation". In the past ten years, attracting investment and making big investments have almost become the main line of Ji Hui in Henan, Song and Qing Dynasties.
The above-mentioned person in charge admitted that before 2005, Song Ji's main investment channel was to issue loans to enterprises.
While providing loans, Songji Investment put forward the concept of "investment for donation". "Some enterprises may be short of money for a while and will come to Song Ji for investment. Song Ji Investment lends them money in time at this time, and the enterprise may live. After repaying the interest according to the contract, the enterprise will make a limited donation to the foundation as a reward. " The person in charge stressed that donation is not a prerequisite for investment. Even if you don't invest in enterprises, Henan Song Foundation will persuade them to donate. Donation has nothing to do with loan principal and interest, whether donation is voluntary or not. "There are also people who borrow money and finally don't donate. We can only condemn him morally."
In 2005, Song Ji invested in the former Henan Longjiang Real Estate Co., Ltd., with a capital contribution of 1, 465,438+million yuan, holding 47% of the shares. The company was renamed as Henan Songji Tongji Real Estate Co., Ltd. (hereinafter referred to as Songji Tongji Real Estate). According to the person in charge of Song, from this time on, Song Ji Investment decided to shift its focus to the real estate industry in an all-round way and began to "hoard land" on a large scale.
China Soong Ching Ling Foundation issued a statement in official website, saying that China Soong Ching Ling Foundation has "no affiliation" with local Soong Ching Ling Foundation. However, in some foreign exchange projects, there is some cooperation with the local Soong Ching Ling Foundation.
China Song Foundation pointed out in its explanation that, as some reports said, China Soong Ching Ling Foundation has no affiliation with local Soong Ching Ling Foundation. The Soong Ching Ling Foundation of China and the local Soong Ching Ling Foundation have neither administrative superior-subordinate relationship nor economic cooperation and exchange. There are no problems such as "Soong Ching Ling Foundation General Meeting", "Branch Meeting" and "Waiting for instructions from China Soong Ching Ling Foundation".
However, China Song also said that in some foreign exchange projects, the Soong Ching Ling Foundation of China has some cooperation with the local Soong Ching Ling Foundation. Save money with high interest rate in the name of "public medical insurance".
The asset growth of Henan Song Foundation in recent years is a leap-forward development. According to the database statistics of the Central Network of the Foundation, by the end of 20 10, its net assets had reached 2.97 billion yuan, ranking first in the industry. Why is an institution that is not prominent in the field of charity so eye-catching in raising funds? It is understood that Henan Song Foundation attracts money from farmers in rural areas through the "public health insurance" project, which is suspected of disguised high-interest savings, and there is a huge risk. Since 2005, Song Foundation of Henan Province has started to carry out "public welfare medical insurance" business in the local area, which is the main business carried out by Henan Provincial Public Welfare Medical Insurance Development Management Center under Song Foundation of Henan Province. At present, its municipal branches have been established in the whole province 18 provincial cities 17.
Among the public medical security obtained by the villagers, there is a letter of guarantee, which is sealed by Henan Songjihui, Henan Songji Investment Co., Ltd. and Henan Tai Ding Guarantee Co., Ltd., "* * irrevocably assumes the responsibilities related to the service items promised by Henan Public Medical Insurance Development Management Center in public medical security." A copy of accidental injury insurance represented by Henan Songji Insurance Agency Co., Ltd. is also attached ... A series of institutions in this public health insurance, from insurance institutions and guarantee companies to public health insurance center and Songji Company, are all subsidiaries of Henan Songji Association, which are integrated in the name of public health insurance, forming a huge capital absorption chain extending to grassroots rural areas. In this way, a large amount of funds have been continuously raised from the countryside for a series of investment and lending businesses of companies under the Henan Song Foundation. Once the project risks, because it involves the vast rural areas, the consequences are unpredictable.
Get involved in real estate lending in the name of "investment"
It is an open secret in the industry that Songji Company operates in the name of Songji Foundation and dabbles in private high-interest loans. In 2008, Songji Company was one of the creditors in the collapse of Lanbaowan, the "land king" in Zhengzhou, which caused great concern in Henan, with a debt of tens of millions of yuan. According to insiders, only in Zhengzhou Wang Di Project, the high interest income of Henan Songji Company is almost equal to the principal. Because of Song's special background in Henan, the company almost never lost money in the local private lending market, and always took the lead in breaking even when there were risks. According to the survey, Henan Songji Club has been involved in real estate, lending and other business fields on a large scale through a group of its companies, and its business scope covers real estate development, guarantee, education, insurance agency and so on.
Huge accounts receivable are the same characteristics of the financial data of Henan Song Foundation in recent three years. In 2008, the donation income of Henan Song Foundation reached 860 million yuan, the expenditure was more than 5 1.00 million yuan, and the receivable amount was as high as1. In 2009, the donation income was 620 million yuan, the expenditure was 80 million yuan, and the receivable was as high as 65.438+65 million yuan. By 20 10, in the financial data of Henan Song Foundation, the long-term investment is 429 million yuan, and the accounts receivable are as high as 2.457 billion yuan. A professor in henan university of economics and law analyzed that from these data, it can be seen that the main funds of this charity organization are not used for charity, and the proportion of public welfare expenditure is too low; A charitable organization has huge accounts receivable every year, accounting for 80% of the total assets, which is abnormal; There are also a large number of long-term investments and debt investments-lending has become the main business of the fund.
Some experts believe that the problems exposed by Henan Song Foundation have damaged the credibility of the government and the whole charity. The relevant investigation team should find out whether there is corruption and publish the investigation results as soon as possible.