Our big ones are all through wire transfers.
On Wednesday, July 31, 2019, May, Michael D (mdm7pk) <
mdm7pk@virginia.edu>
wrote:
> Good afternoon,
>
> Can anyone share how they receive gifts (annual or major) from mainland
> China?
>
> I know that in theory individuals can exchange up to $50K per year to
> transfer internationally, though maybe not for philanthropic purposes if
> it's a state-owned bank. I have also read individuals can make
> international purchases on a credit card up to 300,000 CNY per month. Has
> anyone experienced technology constraints with international credit card
> transactions not going through? How did you solve this?
>
> Hong Kong is an option for wealthier individuals. Does anyone have any
> experience with major gifts coming out of the mainland? Perhaps via a WFOE?
> Or perhaps raising funds that could be retained in China to finance local
> programming from your institution?
>
>
> Thanks very much. Happy to share my findings as well.
>
> Mike
>
> Michael May, Director of Financial Business Intelligence | Advancement
> Business Intelligence
> Advancement Operations | 2420 Old Ivy Road | Charlottesville, VA
> 22903
> P: 434.924.3268 | E:
mdm7pk@virginia.edu
> Give to UVA
>
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