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How Donor-Advised Funds (DAFs) present an innovative and structured solution to Singapore’s philanthropic landscape
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How Donor-Advised Funds (DAFs) present an innovative and structured solution to Singapore’s philanthropic landscape

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A history of giving in Singapore and its philanthropic landscape

Philanthropy has seen an evolution over the years, which saw a corresponding increase in family support services due to the development of more HDBs to house our growing population.

As the philanthropic landscape developed and progressed, there was a more targeted response in the 90s by philanthropists seeking to fill in the gaps in philanthropy and wanting to have more of a say in order to shake up the system.

As a result, CFS was founded to promote philanthropy, seeing as philanthropists were stepping up and starting family foundations, and how Singapore has a very active philanthropy landscape in spite of its size.

To date, the current number of charities in Singapore stands at over 2000. However, it was not only charities that received donations but also social enterprises and ground-up groups, especially during the Covid-19 period.

There are very stringent processes to achieve a charity status, charities in Singapore are generally well managed and of the 2000 charities, 600 have attained an IPC status.

“Singaporeans have also been extremely generous thus far, and gave a total of 1.9 billion in 2019. This generosity is an important focal point, as there is an onus and more incentives for charities to work directly with philanthropists and givers to come up with new and innovative programmes,” says Catherine, CEO of CFS.

Donor-Advised Funds (DAFs) and CFS’s role as a community foundation in Singapore

CFS’s role as a community foundation in the philanthropic ecosystem is to enable philanthropy, foster giving and promote values such as the Legacy Giving Initiative (LGI). The LGI is a concept that anyone in Singapore, regardless of status and wealth, can leave a legacy by giving to a cause close to their heart.

As philanthropy continues to evolve, donors have become more discerning and want to know how the impact of their philanthropy is measured.

There is also a need for philanthropy in Singapore despite it being a wealthy city state, as there is still relative poverty and thus a need to uplift every segment of the nation. There are key issues that need support and funding in Singapore, three areas of which are our rapidly aging society, social income inequality, and inclusivity and sustainability; where people with disabilities and environmental issues need support.

CFS is also seeing an increase in international donors in Singapore, which could be Singaporeans looking to expand their overseas businesses in Singapore, or foreigners setting up family offices in Singapore.

By partnering with CFS, a donor can establish a named donor-advised fund (DAF), a modern philanthropy tool.

A DAF is a simple and cost-effective way to support a wide range of charities in Singapore. CFS will handle the fund administration and provide philanthropy advice to ensure that our donor’s giving makes a strategic impact to the causes that our donors support. 

With a DAF, donors can enjoy upfront tax deductions in Singapore at the prevailing tax deduction rate1 on eligible donations.

1Subject to IRAS regulations. 

How to get started? 

DAFs can be set up by an individual, a beneficiary of a will, a trust, or by a family office. 

CFS philanthropy advisors will inquire about the donor’s interests and leveraging on deep understanding of local issues and extensive network, CFS has unparalleled insight into Singapore’s charitable landscape and community needs to translate the donor’s interests and goals into a defined plan.

CFS handles all the administration required in managing the DAF, donors will save on legal expenses and enjoy tax deductions upfront. Donors will also receive regular statements tracking incoming donations to the DAF and outgoing disbursements to charities.

CEO Catherine Loh gives a WMI-GFO Circle Impact Masterclass on CFS’s role in philanthropy in Singapore 

CFS’s CEO Catherine Loh was invited as a guest speaker and part of the panel to speak about CFS and philanthropy in a WMI-GFO Circle Impact Masterclass webinar organised by the Wealth Management Institute (WMI) titled ‘Global Giving, Asian Innovation’.

The webinar’s aim is to address how philanthropy can support the greatest issues of our times, including issues stemming from ever-rising income inequality and climate change, to the health of our civil society and the pandemic.

The panel presentation hopes to empower family office principals, representatives and philanthropy advisors to help their clients achieve their philanthropic goals, and offer best practices, tips, and considerations for advisors serving philanthropists and their family offices.

If you would like to begin your giving journey with CFS, get in touch with us.

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Stories Of Impact

UBS Diversity in Abilities Concert – Celebrating the talents of children with special needs

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Children dressed in bright costumes holding props while performing on stage

A joint initiative by UBS AG and the Community Foundation of Singapore, Diversity in Abilities is a stage production and art exhibition showcase to bring performing and visual arts lessons to special education schools in Singapore.

The aim was to motivate and inspire children with special needs to learn new skills and inculcate new hobbies through the arts. With the help of trained artists, students took a 16-week journey of learning and discovery of talents and achievements in film, music, dance, drama and visual arts.

These kids were then invited to showcase their talents at an exhibition and concert, performing together with children of UBS employees. At the event, UBS employees also got involved as make-up artists, receptionists, ushers and auctioneers.

“UBS has been in Singapore for nearly 40 years and our community investments focus on education and entrepreneurship. The Diversity in Abilities arts programme is one such initiative. We hope that through our investment in these various initiatives, we can make a contribution to the success of Singapore as a community.” said Edmund Koh, Singapore Country Head and Asia Pacific Head of Wealth Management, UBS.

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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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Business Times: The beauty of giving to those you do not know

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A snapshot of a newspaper Business Times: The beauty of giving to those you don't know

Govind Bommi, 71, is well known to regulars at the Metta Day Rehabilitation Centre for the Elderly.

The businessman and philanthropist spends his Thursday mornings volunteering at the Tampines centre, befriending seniors who are there to receive physiotherapy or other forms of rehabilitative care after conditions such as a stroke, Parkinson’s or arthritis.

He does not speak Mandarin or any of the Chinese dialects that most of the regulars are most comfortable with. But that’s been no barrier to friendship.

“You hold their hand, and usually offer the hand that they can use, as some are stroke patients. It’s all about connecting,” says Mr Bommi, a Singapore permanent resident and naturalised US citizen.

One might think this began with his decision to set up a charity fund in Singapore, after spending 20 years here. But Mr Bommi would tell you that seeds were sown far earlier in his childhood, by his mother’s selfless giving to people she did not know.

A mother’s influence
“We didn’t have much when we were growing up… it was hand-to-mouth,” says Mr Bommi, originally from Bangalore, India. All five children shared a small bedroom, and the family lived off their father’s hard-earned income. “Yet, whatever we had, we shared.”

He wasn’t speaking merely of siblings sharing. Beggars would knock at their doors each evening, and his mother, Andal, always found something to give. “It was not leftovers. Even though we didn’t have much, she would cook and keep some aside because she knew that they would come ask for food,” he recalls.

His mother’s largeness of heart only grew with time.

Once, as a grown man in his 40s, Mr Bommi made his annual trip back to India to visit his then 75-year-old mother. One of the first things she said? She had told a young man with a terrible skin problem, boils all over his face, to come see her son, and Mr Bommi was to take him to his doctor friends.

“I asked her, ‘Who is he? How do you know him?” And she just looked at me and said, “I don’t know. Do you have to know who he is, to help him?” That really struck a chord,” says Mr Bommi.

“When you want to help, helping someone you know is easier to do. My son, my child, my niece, my friend, my neighbour – when you have a “my” attached to anything, it is easier. It’s an extension of you, it’s easier to give. Now, to give to somebody that you do not know – that’s what my mother talked about.”

Mr Bommi himself has been on the receiving end of strangers’ kindness and giving too.

Arriving in the US as a 21-year-old, on money borrowed from a friend, Mr Bommi knew no one. Through those early months of adjusting to life in a foreign land and navigating the stress of changing schools and moving, he found some solace each night in lighting up a little prayer lamp his mother had given him.

A rough settling-in was made smoother by strangers who helped, says Mr Bommi. There was the Jesuit priest who helped him find accommodation, and then the Canadian-French family whose home he eventually lived in, among others.

These experiences led him to believe that most people are compassionate. “You see someone not well, hurt, the human instinct would be to go help. Thought manifests itself into words. Further on, the words manifest into actions… Most people will have the thought, but for whatever reason, it’s not shown.”

Taking action
Mr Bommi is not one to just let a thought be.

2015 marked his twentieth year in Singapore. He had arrived in Singapore as an expat, posted by his American company to be a regional director here. But when his term was up, he decided to stay on, started his own water filtration and purification business, and married a Singaporean.

Singapore is now home to him, he says. “I thought: now that I’ve settled down in Singapore, I wanted to do some charity work here.”

He had already set up a charitable foundation in India, Andal Cares, named for his mother. “All the blessings that we have – good health, good family, good wealth – all of that, we have to share…. We are only temporary keepers of this wealth – we have to share it. It’s been given to us for a purpose, to share.”

And so, he told his lawyer, he wanted to do the same here. But, he soon realised that it would take considerable time and resources to set a foundation up, find the right people to run it, meet governance requirements, and handle the administrative work involved. His lawyer pointed him to the Community Foundation of Singapore (CFS), as an option that could provide charitable fund management and philanthropy advice.

Given his desire to support eldercare services, CFS staff took him to visit nursing homes and rehabilitation centres to give him a better appreciation of Singapore’s eldercare landscape. Which is how he first discovered the work of Metta Day Rehabilitation Centre.

“Through the visits, I got a clearer idea of the different types and needs of eldercare support here. CFS helped to build on my interests, and hone in on the causes and impact I want to make, so that I could find a focus for my giving,” he said.

In March 2016, Mr Bommi started the Andal Cares Fund with S$250,000, under CFS, to support the Metta centre. He has since pledged to raise that sum to a seven-figure amount over several years.

Getting to know those you help
“CFS did an excellent job of setting up and managing my charitable fund, taking care of all the ground work for me – from evaluating programmes, conducting due diligence and disbursing grants, to reporting on impact. That’s a big relief for me as it frees up my time to concentrate on my volunteer work with the community,” says Mr Bommi.

His people-centred approach of giving also led Mr Bommi to support, through CFS, a pilot programme by Metta Welfare Association called “We are Bonded”. The programme introduces young befrienders to elderly persons, with the aim of building emotional bonds and enhancing well-being, while studying the benefits of inter-generational bonding.

“From my volunteer work with Metta, I observed that even though seniors are being physically rehabilitated, many of them experience loneliness or isolation and are emotionally withdrawn. Through this programme, we hope that we will be able to better understand and tackle the emotional issues of an ageing population.”

Because as much as he believes in the value of giving to those whom you don’t know, he also believes in getting to know the ones receiving his gifts.

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

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Lorem ipsum dolor sit amet consectetur adipiscing elit dolor

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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约230名年长者参加益智桌游赛 用颜色与数字一较高下

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An image capturing a lively game of dominoes being played by a group of individuals, highlighting their enjoyment and competitive spirit.

A Rummikub competition was held on 20th September at Heartbeat@Bedok, bringing together participants from 20 Active Ageing Centres. Rummikub, also known as “Israeli Mahjong,” is a cognitive tabletop game. 

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/.

全神贯注,不容一丝疏忽。约230名年长者齐聚一堂,用颜色和数字一较高下。

拉密牌(Rummikub)也称“以色列麻将”,是一种益智桌上游戏。游戏者须依规则将手上的牌组成相同数字、不同颜色,或颜色相同、数字连续的组合来出牌,最先将手上的牌出完者获胜。

这场别开生面的拉密牌竞赛星期六(9月30日)在勿洛心动大厦举行,活动集结了20个活跃乐龄中心的年长者,其中15个中心参加了正式比赛,另外五个以休闲形式参与。两轮预赛各三回,总决赛共四回。

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”。

胡锦盛说,原本只想以休闲形式参与星期六的活动,但后来玩得起劲,决定卯足全力参赛。他坦言,首次参赛有点紧张,在玩得开心、动动脑筋之余,也希望可以获得第一名,最后赢了预赛两个回合。“比赛压力很大,有时限所以反应要很快,不能想太久的,还好我跟得上。”

比赛由城市丰收关怀服务社举办,并得到护联中心和新加坡社区基金会联合成立的“FUN! Fund”基金支持,致力于改善年长者面对的社交孤立现象。因此,比赛如火如荼进行之际,也欢迎公众加入轻松玩乐,现场便有不少志工协助教导游戏规则。

26岁的洪琬晴(数据分析师)和27岁的何家富(业务分析师)是活动中最年轻的志工。他们通过公司星展银行的志愿服务门户网站报名参加,在活动中与年长者一同玩牌,也帮助有兴趣的公众认识这款游戏。

两人坦言,两周前上了三小时的课,才第一次正式接触拉密牌。他们说,拉密牌简单易学,年长者可轻松上手。为了让自己更熟悉游戏玩法,洪琬晴说,“我还请亲朋好友下载手机版的拉密牌,每天一起玩一小时”。

恩典之家社会服务中心的一组参赛者获得团体第一名。其中一名组员蓝彩凤(65岁,退休人士)也获得个人组第一名。她是在2019年冠病疫情开始前首次接触到拉密牌,疫情期间就几乎没玩了。

后经朋友介绍,蓝彩凤开始到恩典之家社会服务中心一起玩拉密牌。她坦言,参赛会有点紧张,两个多月前就开始跟其他参赛者每周练习一次,“第一次参赛就获得第一名,真的意想不到,参赛没想那么多,纯粹只是支持这个活动”。

国家发展部兼通讯及新闻部高级政务部长陈杰豪也出席了这场活动。他鼓励年长者保持身心愉悦,一起玩拉密牌、运动和聚会,“参与社区活动,共同安享晚年”。

信用:联合早报©新报业媒体有限公司。复制需要许可

This article was originally published in Zaobao here. Source: Zaobao © SPH Media 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”。

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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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CFS’s first brand campaign ‘Portraits of generosity’ to inspire giving

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John Doe
"My Cho Cho Ma She started our family's journey of giving" Keith Chua

In tandem with its 10th anniversary, CFS launched its first ever brand campaign ‘Portraits of Generosity’– a series of heart-warming donor stories uncovering each donor’s motivation for giving.

Looking back at their lives, donors share their motivations for why they chose to give back to those in need. Be it an act of kindness, a family member’s compassion or a long tradition of philanthropy, the campaign unearthed the diverse experiences which left a mark on each donor’s life and spurred them to give back. Donors also open up about their philanthropic journey, why they chose to support specific causes and how seamless the giving experience can be through starting a fund with CFS.

The campaign kicked off with six of CFS’s donors: Keith ChuaTrina Liang-Lin and Edmund LinGovind Bommi, Yeo Suan Wei and Liontrust. “We believe that every act of giving is inspired by a story of life, values and experiences. Working with our donors and agency DDB, we brought these stories to life through a relatable and engaging campaign. Through these first-hand accounts of giving, we hope that others will realise that they too, have it in them to open their hearts and give back,” commented Yuen Yee Foong, Head of Marketing at CFS.

Launched across multiple media platforms including video, digital and print, the campaign runs from August to December 2018.

Reflecting upon a growing social consciousness amongst Singaporeans, Catherine Loh, CEO of CFS remarked, “I believe there are many others like our donors in Singapore who want to contribute back to society, but have not considered becoming philanthropists themselves. By sharing their stories on a larger platform, these donors show us what is possible.”

She added, “Their passion reminds us of the joy of giving, especially when giving resonates with causes we care about.”

Read and view ‘Portraits of generosity’ here.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Lorem ipsum dolor sit amet consectetur adipiscing elit dolor

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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