Bill and Melinda Gates, and Warren Buffet are famous for their philanthropic habits. But little do we know about the philanthropies of Sukanto Tanoto. He has always maintained a low profile about his philanthropies. Judging his present status, privileges and capabilities, Sukanto Tanoto has gathered that he must play a crucial role in enhancing the wholesomeness of mankind.
To know about his great contributions to the society, visit sukantotanoto.com.sg.
Sukanto, using his entrepreneurship skills, knowledge and experience, classified his business capital into three categories – financial, social and human.
- Most of us are conversant with financial capital as that is the basic need for survival. Financial capital is tangible and its need is felt at every step of our life. But stocking up on financial capital alone will not do the business any good. It also has to manage the social and human capital effectively.
- When we talk about human capital, we are actually referring to the educational qualifications, personality, and the job experience of the staff working for the company. A basic challenge faced by most businesses in their infancy stage is the building and managing of their human capital. It is very essential that a competent management team is made for the company’s proper functioning and prosperity. Human Capital Singapore, for example, provides services those advice organisations to manage their human capital and efficiently put them to use. They also extend their services by providing counselling and guidance about career to interested individuals. These services help in developing the effectiveness and competency of a person in their work field. RGE founded by Sukanto Tanoto is one of the premier organisations who develop their human capital by undertaking a number of training procedure, inculcating personal development coaching and mentoring, as and when needed by the employees.
- Social capital can be built by developing strong relationships within necessary domains that will directly or indirectly benefit the growth and profit of the business. The network one develops within society, the various useful contacts is extremely important to make a chain and the trust and understanding within this network is very necessary for the business to grow properly. These networks ultimately yield the society enough good.
Tanoto Foundation – A milestone.
Sukanto Tanoto along with his wife, Tinah Bingei established the Tanoto Foundation. The organisations primary goal was to eradicate poverty and bring about an improvement for the welfare of the society. Tanoto Foundations focuses mainly on Education, Empowerment and Enhancement. It provides scholarships to qualified students and trainings to teachers, as a part of the educational programs, so that the standard of education delivered to the students is of good quality. Empowerment programs consist of developing small-scale industries in the rural areas and also providing vocational trainings for the farmers so that they can use and implement advanced farming techniques. As a part of the enhancement programs the organisation provides facilities, like school buildings, medical stores, etc. that would improve the status of localities.
They also provide material and financial assistance during times of sudden natural disasters or any other unprecedented crisis. The foundation’s philanthropic contribution can be mainly seen in Indonesia and China, though enough contribution has also been made in Singapore where the RGE headquarters are located, which we will mainly focus on at sukantotanoto.com.sg.