TAIPEI, Taiwan - The CTBCrecently announced to donate NT$20 million (S$871,017) to the Sunshine Social Welfare Foundation in a three-year project to fund the long-term care for the victim in the Formosa Fun Coast Water Park fire.
Due to the fact that the water park fire is the most serious fire accident in Taiwan and that most of its victims are students and young adults, a large amount of resources will be need to help the victims rehabilitate, CTBC Chairman Yen Wen-longsaid on July 2. He called for more local businesses and individuals to provide assistance to the long term recovery of the victims.
The financial group also stressed that to help victims return to schools and to the society, its affiliated businesses will provide job openings to victims while the CTBC Financial Management College will also offer scholarships and tuition fee exemptions to fire victims.
Chinatrust Charity Foundation Chairman Jeffrey Koo Jr. pointed out that the CTBC-affiliated foundation has set up a microloan project to provide another operation for families of the victims with needs for financial assistance.