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Charitable funds boost donations in a tough year for giving
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Charitable funds boost donations in a tough year for giving

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"Explore The Straits Times charity news page, highlighting philanthropic efforts and inspiring stories."

SINGAPORE – More wealthy people are setting up charitable funds that give at least six-figure sums to their chosen causes.

There were 143 donor-advised funds set up with the Community Foundation of Singapore (CFS), disbursing $20.2 million to charitable causes in the non-profit organisation’s financial year that ended in March.

This is double the 70 funds giving out $11.7 million in the financial year that ended in March 2015.

Donors pledge at least $200,000 to set up a donor-advised fund with the CFS, which manages the money, advises donors on the various needs in the community and disburses it according to the donor’s wishes.

Its chief executive officer, Ms Catherine Loh, told The Straits Times there is a greater awareness of the CFS’ work and preference to give through donor-advised funds, which allows donors to give in a more informed, structured and sustained manner over time. And donors get to name their fund.

For example, the donated sum can be held at the foundation in perpetuity and invested, with invested returns going to the charitable causes over time.

Ms Loh said more people are also setting up legacy funds, like those in memory of a late loved one, adding to the rise in donor-advised funds. Or donors may set up a fund to be disbursed after their deaths.

So far, the largest sum donated to start a fund has been $24 million, set up by a family in their late father’s name, Ms Loh said without giving more details.

She noted that such funds have been especially needed during the current Covid-19 pandemic, where more people are in need and many charities say donations are falling.

Since February, the CFS’ donor-advised funds have given out about $1.2 million for purposes related to Covid-19, such as topping up phone cards for migrant workers and buying masks for charities caring for seniors.

Many donor-advised funds, however, are set up to give to specific causes that donors and their families care about.

Mr Lien Ber Luen gave $200,000 in 2018 to set up the Lien Shih Sheng Foundation, which gives to educational causes among others, in memory of his late grandfather, the editor-in-chief of Chinese newspaper Nanyang Siang Pau. Mr Lien Shih Sheng was a literary pioneer here, involved in many arts, education and cultural activities, his grandson said.

The Lien Shih Sheng Foundation has funded scholarships at Raffles Institution for children from low-income families and it will also support a new programme to give financial aid to children from underprivileged families to attend preschool regularly.

Mr Lien, who is in his 40s, works in a local asset management firm and is married with two children, said: “He was a doting grandfather and a role model for me. I set up this fund to remember him and to continue his legacy of contributing to the community.”

Like Mr Lien, over half of the funds at the CFS were set up by donors aged between 40 and 60, ranging from working professionals to those with inherited wealth, Ms Loh said.

While supporting education and helping the sick and the poor are evergreen favourites, causes relating to environmental and sustainability issues are also becoming more popular. Donors are also more savvy.

She said: “We have seen donors asking more questions and moving away from just chequebook philanthropy over the years.”

Instead, they are keen to understand the root causes of social problems and to find ways to tackle them, instead of simply handing over their money.

Besides the CFS, the SymAsia Foundation, which is established by private bank Credit Suisse for its clients, also offers donor-advised funds.

The SymAsia Foundation did not reveal the number of such funds, but said its clients “typically make a commitment of $1 million for donations”.

Ms Young Jin Yee, CEO of SymAsia Foundation, added: “I would say no other cause has brought our donors together like the current Covid-19 pandemic.”

She said about a third of its donors from across the Asia-Pacific region have stepped up to alleviate the difficulties brought about by the virus. This includes giving financial aid to students in Singapore whose families were affected by Covid-19, and supporting the development of a vaccine for the coronavirus being jointly developed by the Duke-NUS Medical School and an American pharmaceutical firm.

Source: The Straits Times

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The competition was organised by City Harvest Community Services Association and received support from FUN! Fund, a Community Impact Fund jointly established by the Community Foundation of Singapore and the Agency for Integrated Care, with the aim of addressing social isolation among the elderly.

Senior Minister of State, Ministry of Communications and Information & Ministry of National Development Mr Tan Kiat How attended the event. He encouraged the elderly to stay physically and mentally well, as well as urging them to participate in community activities and enjoy their golden years together.

Learn more about FUN! Fund at https://www.cf.org.sg/fun-fund/.

 

The programme provides the children with a non-threatening platform to connect with peers and have positive conversations. In addition, it exposes them to different people who can assist to broaden their perspectives.

L.S., a volunteer with the Reading Odyssey programme @ Spooner Road

中心“常胜将军”胡锦盛:比赛限时反应要快

现年92岁的胡锦盛是最年长的参赛者。自2017年退休后,他几乎每天都到活跃乐龄中心报到,从此爱上了玩拉密,每次可玩上三个小时,在中心是“常胜将军”。

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Events

Colabs: doing more for persons with disabilities

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a group of people sitting around tables

As persons with disabilities reach age 18 and exit the school system, they face new life challenges, including living their desired life and gaining access to care and support. With a keen eye on identifying opportunities to improve the lives of these individuals, we kicked off the Colabs Disability series which focused on engagement pathways and employment through catalysing cross-sector collaboration.

As part of the series, participants were recently invited to the MINDS’ Idea Employment Development Centre to understand what a sheltered employment workshop in Singapore would look like. Made up of a diverse group, including social enterprises, corporates, philanthropic institutions, government agencies and non-profits, the group bonded over a common desire to learn and do more for persons with disabilities.

The group took part in various work stations at MINDS, where they interacted and worked alongside their clients. On a daily basis, clients were engaged in a wide range of activities, from seeding, retail, craft and kitchen work, to the packing of edible gifts, bottled water, and disposable earphones.

Next, participants gathered to share their aspirations for persons with disabilities, and their ideas on how the current model of sheltered employment could be improved. For many in the room, it was an eye-opening experience and a great chance to explore opportunities to contribute and collaborate.

Within the context of the sheltered workshop, companies and philanthropists can:

Create greater variety in jobs in workshops, or increase the number of jobs available, by connecting sheltered workshops with potential employers to explore and implement job re-design matched to the abilities of persons with disabilities, or encouraging companies to outsource certain tasks to persons with disabilities (e.g. event decoration, gift preparation, logistics). Much of this can be enabled by education and outreach to potential partners.

Provide a variety of social activities outside of work tasks in sheltered employment workshops, through partnerships with existing non-profits.

Improve the financial sustainability of running sheltered workshops by funding wages or subsidies, providing pro-bono services or skill-based volunteering to sheltered workshops in the marketing of existing products such as bottled water, food and gifts.

Companies and philanthropists interested in understanding how to work together with MINDS can contact the Idea Employment Development Centre to explore possibilities.

If you’re interested in what can be done to support persons with disabilities and their caregivers, the DesignSingapore Council has published an ethnographic study documenting how persons with disabilities live, work and interact with society, along with an illustrated overview of services supporting persons with disabilities. 

Some suggestions for collaborative solutions – based on the collective feedback of over 80 participants in the series – are outlined in the Colabs publication ‘A Call for Collaborative Giving: Bridging the Divide for Persons with Disabilities’ which can be downloaded here.

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Stories Of Impact

EDIS Cares Fund – Helping disadvantaged young children reach their full potential

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a man holding a microphone publishing his book

EDIS (Economic Development Innovations Singapore) is an international economic development company that provides strategic advice to other countries by leveraging on its experience in Singapore. Innate to its business is the need for a long-term, strategic view, flexibility and a nimble attitude, which it also applies to its Corporate Social Responsibility (CSR) efforts.

Its CSR initiative EDIS Cares creates opportunities for disadvantaged children in Singapore by helping them to reach their full potential. From the onset, EDIS Cares adopted a non-traditional CSR model – looking to understand the basic needs of beneficiaries, co-run programmes with community partners and recruit volunteers from outside the company.

For fundraising, it tapped on the book launch of ‘Neither Civil Nor Servant’ – an authorised biography of EDIS chairman Philip Yeo – which raised over $500,000 from book sales and private donations for the EDIS Cares Fund. Managed by the Community Foundation of Singapore, the EDIS Cares Fund is expected to grow and support programme expansion over the next three years.

Some of the programmes that EDIS Cares supports include the Early Learning Programme – a literacy and numeracy intervention programme for 6 to 7 year-olds as well as iShine – a thematic exploratory learning programme that provides children with aspirational experiences.

“CFS worked closely with us to set up our EDIS Cares Fund. They took time to understand our innovative CSR model and helped us realise our goal of creating more opportunities for disadvantaged children. Through CFS, we have been able to focus on growing the impact of our programmes.” said Abel Ang, CEO of Economic Development Innovations Singapore.

So far, EDIS Cares has impacted over 300 children and hopes to double the number of children, volunteers and partners it reaches over the next three years.

Photos: Singapore Press Holdings, EDIS Cares

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Events

Collaborative Giving to build Community Mental Health Champions

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a woman stressed with her work

The Community Mental Health Champions Initiative, a collaborative project by the Community Foundation of Singapore (CFS) and Empact and supported by our corporate partner. It aims to recruit, train and retain 1,000 community mental health champions. Through this initiative, we will build a pool of mental health champions. These champions will actively support the sandwiched generation with a listening ear and signposting to professional services when needed – helping more people prevent or access support for mental health issues. 

The Community Mental Health Champions Initiative is carried out in two phases – Design Phase and Implementation Phase. During the design phase, eleven organisations will come together for a series of workshops to share their knowledge and build a collaborative understanding on issues regarding mental health and how to equip these champions. These eleven organisations are Be Kind SG, Bettr Lives, Caregivers Alliance, Community of Peer Support Specialists, Growthbeans, Loving Heart, O’Joy, Psychological Initiative, SG Assist, Singapore Anglican Community Services, Singapore University of Social Sciences. 

These workshops enable the organisations to align a common vision – mental health promotion intervention – and create opportunities for shared knowledge. Started on 9 July, the first workshop began by defining the Sandwiched Generation. Last week during the second workshop, the organisations shared about mapping and understanding the overall mental health support ecosystem. 

Find out more about how you can be part of this initiative or about collaborative giving here.

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News

Business Times: Preserving a century-old legacy of giving

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A snapshot of a newspaper Business Times: Preserving a century-old legacy of giving

Following his great-grandmother’s footsteps, Keith Chua set up a charitable fund to carry on his family’s legacy of giving through the generations.

To Keith Chua, the boy, she was the stern matriarch of their large, Peranakan family, to be approached with deference. To the older and bolder teenager, she drew closer – the great-grandmother glad to chat about his day over tea or a shared meal.

But only years after, as an established entrepreneur with a family of his own, did Mr Chua truly feel the impact of her life on his own, thanks to the impact Mrs Lee Choon Guan had had on others.

“It was a rediscovery,” Mr Chua says, about encountering in the pages of a 1920s history book a side to his great-grandmother that he had not known, years after her death in 1978.

Growing up, naturally, he had heard stories from his mother. One of these, about Mrs Lee’s role in raising funds to contribute a fighter plane to the World War 1 effort, made it into a school composition of his on “A Person You Most Admire”.

But it was not till the mid-1980s, after being appointed as a co-trustee to the Mrs Lee Choon Guan Trust Fund his mother started that Mr Chua read for himself the book she had spoken so much about.

Discovering a legacy of giving

“It became quite clear that she was a pioneer in many ways,” Mr Chua, 65, says.

In One Hundred Years’ History of the Chinese in Singapore, he learnt of how, as one of the few Chinese girls to get an English education and a member of high-society, Mrs Lee sought to open doors for other women in the early 1900s.

Also known as Madam Tan Teck Neo, she was the founding president of the Chinese Ladies Association (now the Chinese Women’s Association), running classes for young women and raising funds for charities.

Women and children, healthcare and education – these were causes Mrs Lee cared deeply for. She gave out numerous scholarships to girls, donated to the building of the St Andrew’s Hospital for Women and Children, and funded the activities of the Society for the Protection of Women and Children. For her volunteer work and giving during the First World War, she was the first Chinese woman to be made a Member of the Order of the British Empire in 1918.

Moved by the glimpses of her trailblazing giving recorded in the book, Mr Chua has since acquired an autographed edition that is now a treasured possession for what it symbolises – a legacy of giving to be kept alive.

“To me, the process of discovery, rediscovery, has been a continuing one,” says Mr Chua. The family is still adding to what they know of Mrs Lee’s life and legacy, “all these little pockets of seeds that were planted”. Such as the family giving funds in 1924 to start Katong Girls’ School (today’s Kuo Chuan Presbyterian Primary School) – a fact they only recently stumbled upon.

Among other causes, the trust fund supports tertiary-level programmes on philanthropy at the NUS Business School’s Asia Centre for Social Entrepreneurship and Philanthropy (ACSEP).

Down through the generations
In 2011, he set up the Mrs Lee Choon Guan Fund with the Community Foundation of Singapore (CFS) to carry on his family’s legacy of giving through the generations. Managed as an endowment, the fund’s principal amount is invested and income earned is then given to various causes.

The aim is not merely to build historical knowledge, but to perpetuate the legacy of giving. “I have the opportunity, at this point in time, to put some thought and action into encouraging the continuation of her legacy. So that, hopefully, it will continue with some degree of active participation by future generations,” says Mr Chua.

“In continuing the legacy of my great-grandmother, I looked at how she approached philanthropy in her time and tried to include some of her practices in what I’m doing today. It has indeed come full circle.”

Some of the causes the fund supports today bear the mark of Mrs Lee’s charitable interests – education and healthcare initiatives. Others reflect evolving needs in society that Mr Chua himself is passionate about.

Indeed, Mr Chua is known as much these days for his work in philanthropic circles as he is in business ones.

The executive chairman of ABR Holdings, which owns Swensen’s and Chilli Padi among other food and beverage brands, Mr Chua is also managing director of the Alby group of companies in Singapore and Australia. He hails from a line of businessmen too – his grandfather, the late Chua Cheng Liat, is one of the Chua brothers behind car dealership Cycle & Carriage.

Today, actively involved in various community, church and missions agencies, he sits on the boards of the National Council of Social Service and CFS.

“Part of why I’m doing this today, is in the hope that the wider family, beyond just my siblings and children through to my cousins, my nephews and nieces, and their children, will come to appreciate the legacy that my great-grandmother has left for all of us.”

Apart from his great-grandmother, Mr Chua cites the influence of his parents’ generosity and his Christian faith as two other defining forces behind his philanthropy journey.

“[With my parents], it wasn’t so much them saying, ‘This is how you do it.’ It was watching them in action, responding generously to requests for help, seeing how they lived their lives,” says Mr Chua.

And that was the starting point for him and his wife too: sharing with their four children what they do and why, modelling a life of giving in the hope that their children would themselves see the value of giving.

One reason Mr Chua decided to set up the fund with CFS was to ensure that future generations would be able to continue the family’s philanthropic work. He says, “The objective of CFS flowed nicely with ours of wanting to continue the legacy of giving. It allows family members to be involved and ensure that funds for the community will carry on.”

Taking it a step further, he has been intentional about involving his children, whose ages now range between 22 and 32, in his philanthropic engagements. In recent years, this has included trips across Southeast Asia to learn from and explore partnerships with non-profits, charities and social entrepreneurs.

Having sown those seeds, he has since had the satisfaction of watching each child “doing something in their own way”, whether via professional or personal pursuits, to give to the community.

An evolving philosophy of giving
Mr Chua says his own approach to philanthropy has evolved over the years.

From viewing philanthropy primarily as responding to appeals for monetary gifts, he began getting involved with charities and volunteering his time. That involvement got him thinking about how he could make a difference with his own skills.

“Coming from a business, finance background, I felt I was able to bring that to the area of social entrepreneurship to encourage entrepreneurship, and help to share business models, my personal experiences,” says Mr Chua.

Asked what he has gained from years of intentional giving, Mr Chua is first introspective: “I would like to think that the engagement in all these years of philanthropy has gradually moved me from thinking more of myself, to thinking more of others.”

“Along with that, of course, is that it brings a wonderful feeling if you can bring joy and help someone else,” he adds.

“I believe everyone can give. Whether in terms of resources, time or talent… I would embrace all forms of participation. The most important thing for me is to encourage others to take that first step, whatever that first step is.”

Looking forward, Mr Chua says, “The seed of philanthropy was planted by the generations before me. Now, with the structure of CFS, the funds will carry on past my lifetime. Once you’ve set certain things in place, you can bring the next generation along for the ride, and trust them with the responsibility when it’s their turn.”

After all, Mrs Lee Choon Guan’s first steps into philanthropy led to her leaving a century-old legacy of giving that has spanned four generations and, if Mr Chua has his wish, countless more to come.

Source: Business Times © Singapore Press Holdings Limited. Permission required for reproduction.

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The competition was organised by City Harvest Community Services Association and received support from FUN! Fund, a Community Impact Fund jointly established by the Community Foundation of Singapore and the Agency for Integrated Care, with the aim of addressing social isolation among the elderly.

Senior Minister of State, Ministry of Communications and Information & Ministry of National Development Mr Tan Kiat How attended the event. He encouraged the elderly to stay physically and mentally well, as well as urging them to participate in community activities and enjoy their golden years together.

Learn more about FUN! Fund at https://www.cf.org.sg/fun-fund/.

 

The programme provides the children with a non-threatening platform to connect with peers and have positive conversations. In addition, it exposes them to different people who can assist to broaden their perspectives.

L.S., a volunteer with the Reading Odyssey programme @ Spooner Road

中心“常胜将军”胡锦盛:比赛限时反应要快

现年92岁的胡锦盛是最年长的参赛者。自2017年退休后,他几乎每天都到活跃乐龄中心报到,从此爱上了玩拉密,每次可玩上三个小时,在中心是“常胜将军”。

Picture of admin bluecube
admin bluecube

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

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