Stories Of Impact
Helping Clients Grow Their Giving
wavy line banner

Stories Of Impact

Stories Of Impact

Helping Clients Grow Their Giving

Picture of John Doe
John Doe
Portrait of Freaderic Tan Kelvin Choo

This article first appeared on CFS’s Legacy Giving Website. To find out more about Legacy Giving, please click here.

People like to give and I think people like to be effective as well [and] see the direct result, the impact of their giving.

Legacy giving enables you to make a difference beyond your lifetime. In support of CFS’ campaign for “A Greater Gift”, IPG Howden has partnered CFS to inspire individuals to include gifts to charities in their wealth planning.

Senior financial consultants Freaderic Tan and Kelvin Choo believe in the power of advisors to help clients realise and fulfil their giving intentions through legacy giving.

As Senior Vice-President and First Vice-President respectively at IPG Howden based in Singapore, they have a combined experience of over 35 years in the wealth planning, wealth management, and financial services industries.

“I think clients want to help by giving, and they also want assurance and for the source of advice to be a trusted source,” says Freaderic.

“I think these long-term advisors to the clients would be very well-placed to be giving this advice and I think the clients would feel like they have been done a favour,” he continues.

Kelvin believes that clients might not initially think of turning to their financial advisors for advice on legacy giving, but that greater awareness could help change this.

“I think many clients, by and large, who are wealthy currently are usually first or second generation wealth creators and perhaps the bulk of their priorities lie in growing that wealth further,” he says.

“However, with more education,” he explains, “I believe clients will begin to understand that even as they grow their wealth, they can also grow their giving.”

Legacy giving is suitable for clients of all ages, he points out, saying, “We believe that by having that discussion and planning for their legacy now, younger clients can actually make their gifts in the future.”

What advice on legacy giving do these senior financial experts have for their fellow advisors? How do they address questions that advisors may get when discussing legacy giving with their clients? Watch the interview below to find out more.

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.

News

The Community Foundation of Singapore to lead legacy giving initiative

Picture of John Doe
John Doe
An Asian family enjoying quality time together, sitting on the lush green grass in a serene park setting.

The Community Foundation of Singapore (CFS) will be leading the legacy giving initiative and partnering with key stakeholders to grow the giving culture in Singapore.

As Singapore’s only community foundation, CFS is fortunate to build on over 11 years of experience, to bring donors, charities and other stakeholders together. Donors have already trusted CFS with over $160 million in donations. More than one-third of these are legacy gifts, which are used to support causes across different sectors, including health, education, research, arts, social and welfare services.

The three-year initiative, which will be launched in the latter half of 2020, aims to reach out to three audiences: donors, professional advisors and charities.

Legacy is a broad concept. Legacy gifts refer to planned, future donations. This could include cash, marketable securities, insurance policies, CPF monies and marketable assets such as real estate. Legacy gifts are far more than planned donations from a person’s assets after death. They can mark important moments in life and honour the memory and achievements of a loved one. Anyone can make a legacy gift.

Donors interested in making legacy gifts today want more knowledge to make informed choices and accountability for their gifts. CFS will address these needs by promoting awareness, building and sharing knowledge and supporting action. CFS will provide choices and trusted advice to make gifts meaningful and impactful for future generations.

We will also reach out to professional advisors on ways and tools to help their clients structure their giving. CFS will help charities tap into legacy giving to enable sustainability and augment service delivery to their beneficiaries.

“We look forward to working with partners to co-create the future and strengthen our culture of care. Together, we can dream of a future where thinking about one’s legacy and discussing planned gifts in everyday conversations are no longer the exception, but part and parcel of our giving culture,” said Catherine Loh, CEO of CFS.

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/.

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.

Stories Of Impact

The power of the collective: CapitaLand Hope Foundation joins hands with AIC and CFS to bring cheer to seniors

Picture of John Doe
John Doe
a group of people holding a large check

How do you combat loneliness among older folk? The FUN! Fund – a partnership between Agency for Integrated Care (AIC) and The Community Foundation of Singapore (CFS) – hopes to do this by piloting activities that encourage play, generate laughter and build connections. It’s a fresh approach towards reframing the ageing challenge and a promising effort at collaborative philanthropy.

The brand-new fund has struck a chord with CapitaLand Hope Foundation (CHF), the philanthropic arm of CapitaLand Group. Established in 2005, the foundation seeks to improve the quality of life of seniors. It also aims to nurture and inspire the young and protect the environment for future generations.

“We believe that each older person deserves to live life to the fullest as they age in place and in the community. However, there are vulnerable seniors in the community who face daily life challenges such as mobility difficulties, isolation, and lack of adequate support due to family circumstances,” says Ms Lydia Ang, General Manager of CapitaLand Hope Foundation.

Loneliness is a serious issue for our elderly. It erodes mental and physical well-being and can even reduce lifespans. In mid-2021, a study by the Centre for Ageing Research and Education at Duke-NUS found that those aged 60 and above who see themselves as lonely can expect to live three to five years less compared to their peers who don’t feel lonely. The study, also found that a third of aged 60–69 years and 40% of those aged 80 and above perceived themselves as lonely. Those are sobering statistics indeed.

Two years of living under COVID-19 pandemic restrictions made things much worse. Many older folks stayed home. Being less tech-savvy, they had to grapple with severe social isolation. Those in nursing and care homes saw a stark drop in visitors. Many caregiving staff shows increased burnout and psychological distress in the aftermath of the pandemic.

The FUN! Fund plans to empower community care organisations to collaborate with different stakeholder to develop fun and meaningful activities that seniors can look forward to. There will be development of playbook and post running workshops to share learnings for other organisations to replicate and implement.

CHF got to know about the FUN! Fund through its previous links with AIC and CFS. In 2020, when the pandemic struck, the foundation generously contributed S$700,000 to provide emergency support for community care providers and affected seniors and family members. For CHF, the FUN! Fund dovetails with its efforts to help seniors age in place through its #LoveOurSeniors initiative, which provides the vulnerable elderly with better nutrition, enhanced well-being and improved living conditions.

Tapping on its experience from #LoveOurSeniors, and by working jointly with AIC and CFS, the foundation believes it can help develop innovative programmes that bring cheer to isolated seniors. It also hopes to rally more like-minded partners and the community to join in this effort.

“Through FUN! Fund, multiple donors from different sectors are galvanised to pool and align funding against an agreed set of criteria within a short period of time. This has allowed smaller enterprises to leverage the larger network and platform of FUN! Fund to do good together, as they might not have sufficient resources to effectively contribute to the community on their own,” says Ms Ang.

The FUN! Fund is an example of a pooled fund spearheaded by CFS. Our collective impact funds are designed to raise capital from across the giving spectrum and unite partners to drive positive change. We bring together charities and donors, experience and insights, which amplifies the impact of giving and fosters new solutions.

No individual or organisation can solve complex social issues independently, and private foundations like CHF are embracing collaborative philanthropy. “We believe in the power of the collective, where different stakeholders with respective expertise, knowledge and skills come together as one, leveraging each other’s strengths and resources for the common good. Through the years, we have been rallying our employees, tenants, customers and the wider community to do good together,” says Ms Ang.

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.

News

护联中心新设135万元基金 打造更“好玩”乐龄护理

Picture of John Doe
John Doe
a group of people holding a large check

如何鼓励年长者更积极地投入社交,活出精彩的老年生活?护联中心推出新的135万元基金“FUN! Fund”,鼓励业者把“好玩”融入乐龄护理计划。

配合11月1日的社区护理日,护联中心星期五(11月4日)举办社区护理领导系列,并在活动宣布推出新基金。

“FUN! Fund”由护联中心和新加坡社区基金会联合成立,致力于改善乐龄人士所面对的社交孤立现象,进而提升他们的身心健康。

社区护理业者可呈交计划书,提出创新的活动点子来带动乐龄人士的情绪,鼓励他们积极尝试新事物。例如,太和观庙弯活跃乐龄站推出“虚拟游乐场”,通过高科技系统和怀旧元素的“新旧”结合,带给乐龄人士别具特色的玩乐体验。

每项计划可获得高达五万元的资助款项。

除了成立基金,护联中心和新加坡社区基金会接下来三年也将在社区护理的四大方面展开合作,分别为:活跃乐龄、环境和社区空间、人力和业务连续性。

阅读更多:Fun! Fund

信用:联合早报©新报业媒体有限公司。复制需要许可

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.

Events

Singapore Tatler: CRIB X CFS Legacy Building And Impact Series

Picture of John Doe
John Doe
four people standing together posing for a picture

Investors and like-minded philanthropists invited by CRIB and the Community Foundation of Singapore gathered at Grand Park Orchard for a panel discussion on November 1, where father-daughter duos Richard and Rebecca Eu, and Keith and Sharon Chua shared their insights and personal anecdotes towards charity and legacy building. The event culminated in a cocktail session as guests indulged in canapés and drinks at the bar, over conversations with old friends and new. Read more.

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.

Trending Stories

Scroll to Top