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The Rakkaew Foundation
The SET Foundation granted THB 2 million to the Rakkaew Foundation (a foundation under the network of
Pid Thong Lang Phra Foundation under royal initiative) to promote and instill social conscience by
encouraging students, teachers and educational institutions to jointly develop projects that upgrade the
quality of life of communities or underprivileged people in a sustainable manner. Aiming to create the new
generation of leaders based on the people-centric development concept, Rakkaew Foundation has created
its network among more than 150 universities. As of 2014, the Rakkaew Foundation carried out 117
communities and social development projects.
Relieve suffering from natural disasters
The massive flood hit Thailand in 2011. Consequently, the Thai bourse teamed up with organizations in
the capital market to set up a fund called “SET unites forces to help relieve the suffering from flood”
to help the victims in terms of accommodations and occupations by setting the three phases of funding.
They included immediate remedies, rehabilitation during post-flood period and sustainable development
in the long run. In addition, the SET relief fund has also played a key role in helping natural disaster
victims in other areas. In 2014, there was an earthquake with a magnitude of 6.3 Richter in Chiang Rai
(northern part of Thailand), causing damage to buildings such as temples, schools and houses. SET made
contributions by allocating THB 2.4 million for the construction of multi-purpose buildings to six schools
in Pan District and Mae Lao District, namely Rong Than Witthaya School, Than Thong Witthaya School,
Charoen Muang Witthaya School, Sun Klang Witthaya School, Ban Dong Mada School and Pong Prae
Witthaya School.