Life at the Top

Jasper had no idea of the two special guests that arrived in Faith County after him.

At the same time, the man was currently discussing the charity foundation with Wendy.

“This charity foundation will aim to sponsor poor children so they can have a chance to pursue their education. This is also all it will do. From what I know, international charity foundations tend to invest donations in insured financial products and do charitable transactions with the returns as they’re non-profit organizations.

“Some larger charity foundation even have their own investment department.

“JW Company is this charity foundation’s only shareholder, so we won’t do public fundraising. It’s also not time for that yet.

“I’ll have Jake represent me to invest the 10 million from Harbor City when the time comes, and I intend to have an annualized rate of return for this. Say that we set a rate of return of 10%. If it exceeds, then all is well, but if it doesn’t, then I’ll top it up with my own money.”

Wendy frowned when she heard that, “Won’t you make a huge loss if you’re coming up with the principal and also covering the shortage?”

Jasper smiled and replied, “We’re doing charity. In comparison to the money we make, this isn’t much. But this seemingly small sum of money is enough to help a lot of children.

“Besides, it’s not like we’ll definitely making a loss. Charity foundations come with many tax incentives. The main reason why so many enterprises abroad are passionate about doing charity is that it helps reduce the amount of tax one has to pay. For every 1 million we donate, we pay 800 thousand less for tax, meaning we only pay a net amount of 200 thousand. At the same time, we win both the officials’ and society’s favor.

“Our country also has systems like this in place to encourage the development of the charity industry. A certain amount of donations from an enterprise can result in a 100% tax deduction. When this happens, we don’t have to pay a buck, since our tax money will be considered to have gone to charitable donations.

“The most important thing is that the charity foundation is an asset, which benefits us, the society, and the officials.”

Since she worked in finance, Wendy immediately understood what Jasper meant. Soon, her expression became one of keen interest.

on this immediately once we get back, so we

the point of this is to do charity within our capabilities, so keep things low-profile. There’s no need

time comes, and we’ll try to distance it as far away from JW Capital and its subsidiaries as

“Okay,” Wendy replied.

no time to rest once they returned to Nauritus City as he joined Wendy in submerging himself in

more decisions the parent

senior executives grew as well, and while they did help share quite a bit of Jasper’s and Wendy’s burdens, Jasper still had to

development of

to Lance and Chad, who sat in front of him, and asked with a smile, “You two have given

so I thought that it’d be best if you made the decision, Mr. Laine. After all, a few hundred million

this research expense of a few hundred million has already

Laine. But this was something Professor McGee had strongly

technical field is currently empty, and future electronics will all rely on technical development of the integrated circuit. Relying on imported goods will one

but did

well

private technology manufacturing industry within the country. Despite this, the company had been cornered and stunted by its competitors due to their inability

the

had a tight grip

reincarnation was that Jasper understood the importance of operating systems before everyone