Specific Donation Trusts
In order to create conditions for supporting public interest corporations, authorized NPOs, and other leaders of the "New Public," the fiscal 2011 tax system revision included the establishment of the "Specific Donation Trust" system to encourage individuals to use trusts to make charitable contributions. MHTB, therefore, began in March 2012 to handle new products that invest and manage funds entrusted by customers, and make annual contributions of principal and investment income to public interest corporations and other beneficiaries.
Supporting the Activities of Social Entrepreneurs
To address pressing and serious social issues such as those in the fields of human rights, education, health, and the environment, around the world "social businesses" that are working for reforming society as sustainable businesses are drawing attention. In Japan also, which has a number of issues to solve, including the demographic aging of society, social security, energy, and the vitalization of local economies, expectations regarding what social businesses can accomplish are rising. However, compared with Europe and the United States, awareness of "social entrepreneurship" is relatively low in Japan. Moreover, management know–how as well as funds and human resources are insufficient, and the business environment for promoting social businesses needs to be improved.
To respond to these various issues and promote the development of social businesses in Japan, Mizuho has provided support for the social entrepreneurship activities of Ashoka, which is the leading world authority in this field, since the founding of Ashoka Japan in 2011. Mizuho has also built up a store of knowledge and know–how regarding social businesses and is considering how to become involved in this area as a financial institution.
Efforts for Socially Responsible Investment (SRI)
List of SRI Funds Managed by Asset Management One (As of Mar. 31, 2017)
You can scroll left and right with your finger to view the table contents.
|Sales company||Net asset balance (Millions of JPY)||Features, etc.|
|Global High Yielding Pure Infrastructure Fund (Monthly Dividend) (Growth Type)||MHSC||3,199||Donation of a Portion of Trust Fees to Organization Working to Improve Developing Country Infrastructure|
|Global High Yielding Advanced Infrastructure Fund (Currency Select Type)||MHSC||9,828|
For more information on environment–related funds, bonds, etc., please refer to the pages covering Investment Products Development and Sales.
Financing for NPOs Engaged in Affordable Housing Development in the U.S.
The U.S. Community Reinvestment Act (CRA) encourages financial institutions to work in partnership with state and local governments and community–based organizations to provide financial services to all members of a community. In line with the CRA and the Mizuho Financial Group's commitment to leveraging its financial expertise to address societal needs, Mizuho Bank's U.S. commercial bank subsidiary, Mizuho Bank (USA), regularly provides community development loans, investments, grants, and services to innovative nonprofit organizations that work to strengthen low and moderate income neighborhoods of New York City, where the bank is headquartered.
Since its inception in 2002, Mizuho Bank (USA) has maintained a robust portfolio of loans and investments supporting the creation and preservation of affordable housing and the provision of primary healthcare and other services. One of Mizuho Bank (USA)'s longtime community development clients is Breaking Ground, a supportive housing agency that provides exceptional affordable housing and supportive service programs impacting over 5,400 homeless and other vulnerable New Yorkers every year. Over the past 26 years, Breaking Ground has renovated, developed, and/or managed 20 buildings benefiting people in need. Mizuho has provided a line of credit to Breaking Ground since 2002, which has helped facilitate the creation of 1,762 units in fourteen buildings financed through public–sector sources. Mizuho Bank (USA) is proud to support nonprofit clients like Breaking Ground who have such a positive social impact on our local communities.
In addition, the bank's corporate foundation, the Mizuho USA Foundation, makes charitable grants for initiatives that contribute to the strength and vitality of urban neighborhoods. Mizuho staff provide volunteer assistance by serving on nonprofit boards and committees, or through skills–based and hands–on activities. Mizuho Bank (USA) has received an outstanding CRA rating from federal and state banking regulators.