CHINA - £303m
The Hong Kong Jockey Club (HKJC) is one of the oldest institutions in Hong Kong, founded in 1884. It is a company limited by guarantee with no shareholders and obtains its net earnings from racing and betting. The money remaining after payment of dividends, prize money, taxes, operating costs and investments to enhance Hong Kong’s racing and betting facilities, is donated to charitable and community projects.
The Hong Kong Jockey Club Charities Trust serves as the vehicle through which all of the Club’s charitable donations are distributed and administered.
The HKJC is Hong Kong’s largest community benefactor, and is also the largest taxpayer in Hong Kong. The Club provides dining, social, sport and recreation facilities to its approximately 23,000 members.
The HK Jockey Charities Trust donated over £300m in 2014 to 168 charitable and community projects to support the different needs of the society and contribute to the betterment of Hong Kong. The Club also proactively identifies, funds and develops projects that anticipate and address social issues in the country.
The HKJC celebrated its 130th Anniversary in 2014.