KPI Poll Highlights Demand for Foundation Transparency in Thailand

A recent survey conducted by the King Prajadhipok's Institute (KPI) has revealed that the Thai public continues to view charitable foundations as essential entities for social support. However, the findings suggest a significant shift in donor expectations regarding accountability. According to the poll, individuals are increasingly hesitant to contribute funds without clear information regarding how their donations will be utilized and who the ultimate beneficiaries are. The study emphasizes that for foundations to maintain public trust, they must prioritize transparency by disclosing detailed expenditure reports and relevant documentation. For residents and expatriates in Thailand who engage in charitable giving, these findings underscore the importance of verifying the financial practices of organizations before providing support. While the poll highlights a clear public desire for openness, it remains to be seen how regulatory bodies or the foundations themselves will respond to these calls for increased disclosure. As of now, there are no specific legislative changes announced regarding mandatory financial reporting for all private foundations, leaving the current level of transparency largely dependent on the internal policies of individual organizations.