The Land Bank of Taiwan (LBOT) hosted the 2024 Charitable Trust Donation Ceremony on December 5, during which Chairman Ying-Ming He and President Chih-Chien Chang presented appreciation plaques to donors, including Farglory Land Development Co., Ltd., Clevo Co., Honhui Group, Mr. Hsu, and Mr. Chou, in recognition of their selfless contributions over the years.
According to statistics for the second quarter of 2024 published by the Ministry of Health and Welfare, Taiwan has approximately 1.22 million people with disabilities and around 210,000 low-income elderly individuals. With the number of people with disabilities rising annually, LBOT employs its charitable trust mechanism to fulfill corporate social responsibility and align with the Financial Supervisory Commission’s "Trust 2.0 Plan,” offering donors comprehensive, tailored charitable trust services.
Since 2016, LBOT has collaborated with local governments across the nation to launch social welfare charitable trusts based on donors’ visions and plans. By partnering with social welfare organizations, care facilities, and medical institutions, LBOT ensures that every donation achieves maximum impact and provides robust protection. This model fosters a virtuous cycle of collaboration between the government, financial institutions, and philanthropic individuals, channeling societal resources to care for individuals with disabilities and low-to-middle-income seniors. To date, the trust has raised more than NT$330 million, benefiting over 5,000 vulnerable individuals.
LBOT has established 42 charitable trusts for social welfare since its inception. Many donors have been long-time supporters, including corporate donors such as Farglory Land, Clevo, and Honhui Group, as well as private individuals like Mr. Hsu, Mr. Chou, and many other anonymous benefactors.
To express gratitude to donors for their partnership in advancing social care, LBOT invited the visually impaired group Woodpecker Band to perform classic melodies at the 2024 Charitable Trust Donation Ceremony. This initiative highlights support for performing groups from vulnerable communities, fostering the power of kindness in society while symbolizing the appreciation of all beneficiaries for the donors' generosity.
Guided by the philosophy of "what is taken from society is given back to society," LBOT has long leveraged its core business to promote diverse charitable trusts. Additionally, it organizes over 300 public welfare activities annually, including visits to orphanages and care homes, blood donation drives, and environmental protection initiatives. Thousands of employees voluntarily join as part of its corporate social responsibility efforts, providing tangible support to disadvantaged groups.
Over years of dedicated efforts, the Land Bank of Taiwan has achieved significant accolades, including winning the Trust Association's Elder Care Trust Award for three consecutive terms under the Trust 2.0 Initiative Evaluation Program; as an "Outstanding Bank for Elders and Disabled Trust Property" for five consecutive years; and recognition from the Financial Supervisory Commission for its adherence to the "Fair Treatment of Customers" principles for six years in a row. These recognitions underscore LBOT's commitment to inclusive finance and its success in creating a sustainable ecosystem of collaboration and co-prosperity among enterprises and society.
Press Contact: Cheng-Fang Kuo
Contact Number: 02-2348-3990
