More home donations heading overseas

Local tax rules hampering contributions from Chinese philanthropists, says new study

Overseas charity organizations have become the main recipients of donations - in cash and shares - by Chinese individuals, according to a study published by China Philanthropy Research Institute at Beijing Normal University.

The study, its fourth examination of annual giving, shows that overseas charities received more than 24.4 billion yuan ($3.9 billion) in donations from Chinese individuals last year, accounting for a staggering 80 percent of total endowments from Chinese individuals .