This video records part four of seven of the forum’s first panel, “High-Level Dialogue I: Philanthropy, Innovation, Research and Education.” Ronnie C. Chan discusses the hierarchy of philanthropic giving, his involvement in the Center for Asian Philanthropy and Society (CAPS), and the need for a systematic academic study of the effectiveness of philanthropy. Anla Cheng discusses how educating women helps society. John Long comments on how giving to higher education increases innovation. Christopher Marquis asks Lu Dezhi and Tao Zhao to comment on China’s 2016 Charity Law. Both panelists agree the law will help to strengthen philanthropy in the PRC. (10 minutes, 9 seconds) 0:00-4:19 (Ronnie C. Chan) [English] Chan discusses what he sees as the third and fourth tiers of philanthropic giving, which he sees as health care and the pursuit of personal interests such as think tanks. He then voices his support for more systematic study into the efficacy of philanthropy. 4:19-6:23 (Anla Cheng) [English, Chinese] Cheng first gives comments in English and then switches to prepared comments in Chinese. She remarks that research shows that philanthropy committed to educating women helps society more broadly, as women tend to pass their education on directly to their dependents. 6:23-8:45 (John Long) [English] Long states that giving to higher education directly promotes and supports innovation, as institutions such as universities tend to be where large amounts of research and innovation take place. He supports the others in promoting the need for more research on philanthropy and measuring its effectiveness. 8:45-9:24 (Christopher Marquis) [English] Asks Lu Dezhi and Tao Zhao to comment on China’s recent Charity Law (2016). 9:24-10:09 (Lu Dezhi) [Chinese] The video cuts Lu off at the beginning of his comments, but the gist is that the Charity Law will help to protect and strengthen philanthropy in China.