Chen’s philanthropy journey throws light on an important aspect of charity that can be overlooked. And his story also highlights lessons that advisors can share with clients on the topic.
In much of the developed world, hundreds of millions of people
wear spectacles and contact lenses in order to work, travel,
socialise, enjoy entertainment, play sports, and see the wonders
of the natural and human-made world. But far too many people in
poorer nations are not as fortunate.
Depending on some estimates, almost 2.2 billion people around the
world struggle with poor vision – and 1.1 billion have
uncorrected poor vision.
For a philanthropist called James Chen, who heads up the Chen
Yet-Sen Family Foundation, it might have seemed an easy “win” to
encourage governments and other bodies to take eye care seriously
in poorer nations. It turned out to be a harder sell when he
started on his charity journey more than 20 years ago. Chen
advocates what he calls “moonshot philanthropy.” It means
the need for boldness.
“Glasses as a healthcare intervention can be developed in a
high-resource world very effectively by the private sector. But
it only works in a high-return environment,” Chen, based in Hong
Kong, told this publication.
Chen has campaigned and founded initiatives such as Clearly,
Vision For A Nation and Adlens. He has also funded and backed
organisations including Peek Vision, EYElliance, the Vision
Catalyst Fund and the International Agency for the Prevention of
Blindness. Poor vision is not just a healthcare issue. Correcting
vision helps meet several of the UN’s Sustainable Development
Goals, such as access to education, earning a living, curbing
inequality and improving the conditions of women.
Heading up a family office, philanthropy is what drives much of
his energy today, a trait Chen inherited from his father, Robert
Yet-Sen Chen, who overcame war, poverty, and famine to establish
an international business enterprise, building schools,
hospitals, and funding public works in his hometown of Qidong,
China.
Chen’s philanthropy journey throws light on an important aspect
of charity that can be overlooked by those who say these
activities ought to be undertaken by governments anyway, or that
they somehow “legitimise” the status quo. And his story also
highlights lessons that advisors can share with HNW and UHNW
clients about
how to think about philanthropy.
Getting involved
Chen, who thinks philanthropy must be a hands-on process, not
just about sending money, was inspired to address the issue
of vision when he visited a school library which his father
had financed.
In his early years, Chen lived in Africa; then moved to the UK
and US and never quite got round to having an eye test. At that
point he realised that he needed one. Coupled with other
experiences, he also realised that people in poorer nations with
poor vision faced a big problem. Without sharp eyesight,
literacy, for example, is hampered – causing a massive impact on
economic growth and job prospects.
Becoming interested in the idea of obtaining funding to finance
low-cost spectacles for the developing world, Chen told this
publication that Julian Lambert, CEO of Adaptive Eyewear, a
non-profit, approached the World Bank many times over a period of
more than two years (2005 to 2007) to make the case for funding
vision correction.
After getting frustrated, Chen said he decided to go to a
specific country – Rwanda – and run a pilot project. Initially,
he encountered scepticism from local officials.
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