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YONG Foundation

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YONG Foundation

What is the YONG Foundation?

In late 2008 during the global financial crises when everyone was short of funds, Peter Huang, the founder of YONG and author of "The Australian Dream and $1 Properties, announced his grand plan to set up a global charity organisation, the YONG Foundation - an organisation aimed primarily at supporting the following:

  • research for cancer
  • diseases affecting the elderly, women and children
  • significant natural disasters

The charity foundation was formally approved on 30 June 2009. Peter has personally committed $500,000 in its early years of operation to kick-start the foundation and 20.2% of the master franchisor's gross revenue in Queensland or 51.3% of the master franchisors gross revenue (not just net profit) from the rest of the world, where a master franchisee is appointed, will all be contributed to the Foundation by the master franchisor - YONG Internationals Pty Ltd trading as YONG Real Estate.

YONG is arguably the first and the only major real estate franchise network or even any business corporations in the world to contribute this significant proportion of its gross revenue to charity. YONG, as an ethical brand, always aims to make a real difference to this world.

The YONG Foundation is a registered charity organisation and according to government legislation, it is only able to donate to those organisations with Deductible Gift Recipient (DGR) status. In its by law, this funding is committed only to the research of cancer, diseases affecting the elderly, women and children as well as any significant natural disasters.

If your organisation is committed to one of the above, please click here and complete the Donation Request Form and return it to our office. The Foundation will keep all requests on file and allocate funds once the distributable funds are available for the right areas.

At this stage, as a PAF (Private Ancillary Funds), the absolute majority of the funding is from YONG Real Estate. Public donations to the YONG Foundation cannot be more than 10% of the total funds in the YONG Foundation