December 20, 2011
West Texas residents have long benefited from community and private foundations such as the Lubbock Area Foundation and The CH Foundation. However, in South Korea, there are almost none of these types of organizations as laws do not allow for the private creation of charitable foundations or charitable trusts.
Now, its government and Grand National Party’s policy committee are reviewing the possibilities, in an effort to encourage charitable donations and educate future generations.
Russell James, associate professor, director of graduate studies in charitable planning, and The CH Foundation chair in personal financial planning is assisting in this endeavor. He traveled to Seoul a year ago to present his recommendations and research findings on charitable trusts and private foundations.
Such progress has been made that eight South Korean government officials are traveling to Texas Tech Dec. 22-23 to meet with James and also to tour various non-profits in the Lubbock area.
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CONTACT: Russell James, associate professor, Department of Personal Financial Planning, College of Human Sciences, Texas Tech University, (806) 742-5050 or firstname.lastname@example.org.