Zhejiang University Education Foundation warmly welcomes people of vision enthusiasticin education and public interest to support Zhejiang University in various ways, including but not limited to establishing permanent funds, or making donations in the forms of cash, stocks, securities, bonds, books, data, software, equipment, nursery stock, housing estate and legacy. The donations can be designated projects and way of usage. The specific donation channels are as follows:

1) Bank transfer

  1. RMB Account

  Account name: Zhejiang University Education Foundation

  Bank Account Number: 379258346113

  Bank Name: Bank of China Hangzhou Zhejiang University Branch

  2. HongKong Dollar Account

  Account Name: Zhejiang University Education Foundation

  Bank Account Number: 390968318936

  Bank Name: Bankof China Hangzhou Zhejiang University Branch

  3. US Dollar Account

  Account Name: Zhejiang University Education Foundation

  Bank Account Number: 351968319792

  Bank Name: Bank of China Hangzhou Zhejiang University Branch

  Remittance Code: BKCH CN BJ910

  Bank Address: 28 Qiushi Road, Hangzhou, Zhejiang

  4. Euro Account

  Account Name: Zhejiang University Education Foundation

  Bank Account Number: 351968319805

  Bank Name: Bankof China Hangzhou Zhejiang University Branch

  Remittance Code: BKCH CN BJ910

  Bank Address: 28 Qiushi Road, Hangzhou, Zhejiang

  5. Pound Sterling Account

  Account Name: Zhejiang University Education Foundation

  Bank Account Number: 364968853401

  Bank Name: Bank of China Hangzhou Zhejiang University Branch

  Remittance Code: BKCH CN BJ910

  Bank Address: 28 Qiushi Road, Hangzhou, Zhejiang

  6. Japanese Yen Account

  Account Name: Zhejiang University Education Foundation

  Bank Account Number: 363668851968

  Bank Name: Bank of China Hangzhou Zhejiang University Branch

  Remittance Code: BKCH CN BJ910

  Bank Address: 28 Qiushi Road, Hangzhou, Zhejiang

2)  Post Office Remittance

  Address: 866,Yuhangtang Road, West Lake District, Hangzhou

               Room 212,Alumni Activity Center, Zijingang Campus, Zhejiang University

  Receiver: Zhejiang University Education Foundation

  Zip Code: 310058

3) Alipay Donation

Alipay Account Name: Zhejiang University Education Foundation

Alipay Account: zuef@zju.edu.cn For QR code of Alipay see the illustration on the right

Tax Exemption Policies

1. Accordingto article 80 of the Charity Law of the People’s Republic of China, natural persons, legal persons and other organizations that donate property for charity activities are eligible for tax benefits. Charitable donations by corporations exceeding the amount deductable from income tax for the same year can be deducted from taxable income over the following three years.

Overseas donations toward charitable activities are eligible for a reduction or exemption from import duties and import value added tax in accordance with the law.

2. According to the relevant stipulations of Individual Income Tax Law of the People’sRepublic of China and its enforcement regulations, for charitable donations toward public interest, the portion within 30% of the taxable income can be deducted before tax when computing individual income tax.

3. According to article 9 of Enterprise Income Tax Law (2017 amendment), in relation to the expenses from charitable donations incurred by enterprises, the portion within 12% of the total annual profit may be deducted from the taxable income; theportion exceeding 12% of the annual profit can be deducted from the taxableincome over the following three years.

4. Through the years, the Ministry of Finance, State Administration of Taxation and the Ministry of Civil Affairs have jointly issued notices to publicize the annuallist of public interest social groups that have the qualification of before tax deduction for public interest donation. Zhejiang University Education Foundation have been on the list every year.