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LIFT (Learning Initiatives for Employment) Community Impact Fund – Turning lives around, one step at a time
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LIFT (Learning Initiatives for Employment) Community Impact Fund – Turning lives around, one step at a time

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Nothing in life prepares a youth for a negative doctor’s report.

Four years ago, in his second year of polytechnic, Jerry Tan experienced a stroke caused by a brain aneurysm that paralysed the left side of his body. He had to undergo three brain surgeries as well as physical therapy, staying in the hospital for five to six months.

Jerry recounted his experience, “The doctor commented that he was lucky to be alive and even survive without becoming vegetative, as two aneurysms had burst in my brain. However, this incident left me with a limited function of my left arm and affected vision in both of my eyes.”

With his current disabilities, it would have been tough for him to obtain a job, especially since his studies were also put on hold. His turning point came when he received assistance from the Learning Initiatives for Employment (LIFT) Community Impact Fund (CIF). The LIFT Fund, managed by the Community Foundation of Singapore (CFS), provides social enterprise funding to enable disadvantaged groups to obtain training which will make them more employable.

The LIFT Fund had partnered with social enterprises Bettr Barista and Project Dignity, allowing for socially disadvantaged people to obtain subsidies in their training fees and to pick up both hard and soft skills which would better aid them in securing employment. From April 2020 to March 2021, the LIFT Fund saw 115 people to receiving training at either Bettr Barista Coffee Academy or Dignity Kitchen, of which 91 participants completed the full training course. Of those who had successfully completed the course, 73 people were successfully hired, with 55 managing to remain employed for more than three months. Jerry himself was a beneficiary of the LIFT Fund who eventually went on to work in a Japanese restaurant for about a year, before returning to Dignity Kitchen as a cashier due to the impact of Covid-19.

Joyce Teo, Deputy CEO of CFS shared “CFS mainly focused on these two social enterprises as they felt that both enterprises understood the needs of employers in the catering industry and had also achieved certain results in training and job matching for the disadvantaged. CFS hopes to provide them with long-term funding so they can expand their assistance to those in need, as well as conduct more systematic training to strengthen the skills of the trainees.”

She also hopes that more of the public would actively donate to the LIFT Fund and help those in need, especially when they open up the fundraising to their networks. If you would like to support someone in their journey towards sustained employment opportunities, please visit our donation drive on Giving.sg.

This translated article was originally published by Lianhe Zaobao 

Credit: Lianhe Zaobao © Singapore Press Holdings Limited. Permission required for reproduction.  

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Stories Of Impact

Seniors Colabs learning journey #2: Wellness Kampung – entrusting the community to care for itself

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Group of individuals engaging in a leisure dance routine outdoors.

On the second learning journey for Seniors Colabs, a small group of participants met early on a weekday morning to observe how a community space called Wellness Kampung in Chong Pang estate can be designed and run by residents.

Set up in April 2016, Wellness Kampung is a network of three activity centres in Chong Pang, Nee Soon Central and Nee Soon East. The network was launched as a partnership between Yishun Health, St. Luke’s ElderCare and Nee Soon Grassroot Organisation with one simple belief – that taking charge of one’s health is easier with the support of the community.

The day’s programme began with an hour-long exercise session led by Madam Aneesa, 49, a resident who volunteered to learn and teach the Wednesday morning resistance band class. By mid-morning, the centre was a hive of activity as an army of ladies cooked up a storm in the kitchen, while at the other end of the room, residents recorded their blood pressure readings and compared their daily step count with pedometers. The centre was bright and airy, with doors on opposite sides of the void deck kept wide open. Residents came in and out, on their way to various parts of the neighbourhood.

Mr Woo Yew Kah, Centre Manager and its only paid staff, explained that residents are in charge of what happens and how the centre is run. “They have the key and they open and close the centre every day. Only when they quarrel, then I have to mediate,” he explains with a laugh.

Colabs participants were impressed with the high level of trust between management and community, which they felt played a key role in empowering the residents and sustaining the programmes over the long-run. Some also observed that the centre’s wellness goals are not overtly prescribed but rather seamlessly integrated into day-to-day activities, which made leading a healthy lifestyle more natural and enjoyable.

The learning journey presented new insights on how shifts in perspectives by funders and policy-makers can create a conducive environment for community-driven efforts. Leveraging the strength of individuals, such ground-up initiatives would then able to meet the needs of seniors more effectively.

Colabs is a philanthropic initiative by the Community Foundation of Singapore and the National Volunteer and Philanthropy Centre. It drives collaboration by bringing together the public, private and social sectors to tackle complex social issues. It enables philanthropists, businesses, non-profits and sector experts to collectively build insights and co-create solutions for lasting change.

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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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Why billionaires are setting up family offices in Singapore

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Asia’s billionaires are getting ready to hand over to the next generation, and Singapore is benefiting from the rush to set up new or satellite family offices with an increased focus on philanthropy and impact investing.

In recent months, Horizon Ventures, a private investment firm associated with Hong Kong billionaire Li Ka-shing opened an outpost in Singapore.* Oppenheimer Generations, the family office of former De Beers chairman Nicky Oppenheimer, is also in Singapore while Bridgewater Associates founder Ray Dalio and Google co-founder Sergey Brin both set up shop in late 2020.

Singapore’s Economic Development Board is doing everything in its power to reel them in. It has enlisted the private banking sector to help family offices’ interest in philanthropy and impact investing, which seeks to generate a social or environmental impact as well as a financial return.

Two years ago, the Singapore government introduced variable capital companies (VCC), fund management vehicles with tax incentives and other benefits. These are appealing for family offices, particularly those with an interest in changing the world.

“Philanthropy is the new black in Asia,” said one private banker who advises the wealthy. “Singapore prides itself on being a financial hub and to keep that reputation, it needs to set the pace on new trends like green investing and impact investing.”

Asia is behind Europe and the United States, where philanthropy has long been a business that’s expected to generate measurable returns and the likes of the Bill and Melinda Gates Foundation have pioneered impact investing.

This is likely to shift with the looming generational change in wealth, said Peter Golovsky, managing director and head of family office services, Asia Pacific, at Alvarium, a global multi-family office.

“Some 85 per cent of Asia’s billionaires are first-generation wealth creators, founders of family businesses.

“Their average age is 65, so they are looking at succession strategies. Family office allocations in impact investments sit at around 12 per cent, but we expect that to double in the next few years, and it will be driven by the next generation.

“Singapore has attracted a lot of wealth through structures like VCCs and other tax incentives, including residency options and paths to citizenship.

“As global families and entrepreneurs, including philanthropists, think about where they want to set up and run their businesses, and where they want to live, I think there will be another step up,” he said.

One measure of interest in social investing is a sold-out conference on the topic, organised by industry group AVPN, that kicks off next Tuesday in Bali.

Despite this increased interest, impact investing structures have a long way to go, according to Mette Ekeroth, managing director and group head of philanthropy at the North-East Family Office, who will be at the conference.

NEFO was established by the founders of the Pandora jewellery brand, Winnie Liljeborg and Per Algot Enevoldsen, in Denmark in 2013. They opened a Singapore office three years later.

“Regulatory systems all over the world treat philanthropy and investment as very, very separate. Now everyone is realising there is an area between these two categories where a lot of the solutions lie to the problems the world faces,” Ms Ekeroth said.

“I have faith that Singapore is going to be the place that comes up with the structures we need. The authorities are engaging and consulting as they work multiple angles to try and address the gaps. We’ve seen in the past that when Singapore really wants to develop an ecosystem, it does, and it does it at high speed.”

*Clarification: After this story was published, CK Asset Holdings has advised Horizons Ventures is owned by Ms Solina Chau. Mr Li has collaborated with the firm on technology projects.

This article was originally published in The Australian Financial Review here.

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The Straits Times: The new philanthropists in town

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A man seated on a stool against a vibrant wall, exuding a lively ambiance.

by Theresa Tan, 26 June 2016

There is also a growing number of donors who have started charitable funds parked under groups like the Community Foundation of Singapore and the SymAsia Foundation. Both charities manage their donors’ funds and disburse them to each donor’s chosen causes, thus saving the donors the cost and effort of starting their own foundation. A sum of at least $200,000 is required to set up a charitable fund with the Community Foundation, and 82 funds have been formed since it was set up in 2008.

…..Also giving to a specific cause are Mr and Mrs William Bird. They pledged $1 million, through the Community Foundation of Singapore, for outings for frail seniors to attractions such as Gardens by the Bay and the zoo. Mr Bird, a Briton who is now a Singapore citizen, is 70 years old. He made his money from the logistics business. His and his wife Mary have three grown-up children.

While visiting some elderly people whom they helped, the couple realised that such seniors felt lonely and isolated, as they were unable to go out. Mr Bird says: “We were affected by the fact that the seniors had such a poor quality of life, and thought more could be done for them to enjoy the golden times of their lives.”

Each year since the Outing for the Elderly Fund was set up in 2010, about 1,600 elderly people a year have benefited. They especially love to visit supermarkets, where they are given $20 to buy whatever they want.

Mr George Phua, a 79-year-old resident of the Ling Kwang Home for Senior Citizens, was taken to a Giant supermarket last month. He was delighted to buy his favourite coffee and chocolates. He tells The Sunday Times: “It’s wonderful.”

Read more

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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.

Stories Of Impact

#MyGivingJourney x Stefanie Yuen Thio: Maximising impact with her purpose-driven philanthropy 

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#MyGivingJourney is a series where CFS features extraordinary women in Singapore and their efforts in philanthropy. This story features Stefanie Yuen Thio, Joint Managing Partner, TSMP Law Corporation and Board of Director at CFS. 

When COVID-19 first hit in early 2020, Stefanie Yuen Thio was appalled that healthcare workers had trouble getting a taxi or a Grab. It didn’t seem fair: front liners in our fight against the pandemic were shunned because people were afraid, they would transmit the virus. So Stefanie decided to do something about it.  

Through her family’s #GivingBack Foundation, she donated $20,000 to start the Sayang Sayang Fund (SSF). One of the fund’s first initiatives was to give out taxi vouchers to nurses and hospital staff. SSF has since ballooned to over $9.6 million thanks to the generosity of Singaporeans and financially helped close to 360,000 people hard hit by the pandemic. But the outreach that remains closest to Stefanie’s heart is helping weary essential workers get a ride home.   

SSF is one of several community impact funds under the Community Foundation of Singapore (CFS), designed to tackle unmet needs on the ground. Stefanie’s #GivingBack Foundation, meanwhile, is one of a growing number of personal foundations that CFS has facilitated. “CFS provides a guiding hand to people starting on their journey of giving, or those who want to be more purposeful and effective in their donations,” notes Stefanie, who is joint managing partner at TSMP Law Corporation.  

Stefanie chose CFS as it is a cause-neutral, one-stop philanthropy advisory platform. It can set up funds quickly and cost-effectively. It works with over 400 registered charities in Singapore and can enlighten and match donors with the causes they are most passionate about — as well as highlight charities that have the greatest needs. Moreover, it conducts due diligence, which builds trust in giving. As Stefanie sees it, “CFS helps donors to structure their giving for maximum impact and sustainability.”  

The #GivingBack Foundation has centred on children, the elderly and foreign workers. Among the charities, it has funded is Smile Asia, which provides free cleft operations to disadvantaged children in the region. And while Stefanie donates a tenth of her income to charity and the church, she believes writing a cheque is not the only way to contribute. 

She makes an effort to volunteer in person and has involved her son Jonathan from an early age. When he was in primary school, she brought him along on all of her law firm’s charity events. This included learning to cook with intellectually disabled kids and a day out at the Outward Bound School with boys from Boys’ Town. When he was 15, Jonathan accompanied her on a trip to Uzbekistan to serve on a Smile Asia trip. “Now that he’s older, we involve him in discussions on how to allocate funds from the foundation,” she adds. 

Exposing the next generation to philanthropy early will help institutionalise giving, making it less ad hoc and more strategic, she believes. “I would like giving to be a default. So that the question of “can I afford to give?” or “why should I donate when I already pay taxes?” is no longer a legitimate response,” she says.  

She is already seeing this in Singapore. “It’s in the young people. They may not yet have built up a hefty bank balance but they give their time and with their hearts. I see it in older folks who want to leave some of their assets to charity when they pass because they are thinking about their legacy. And for the others, they want to invest in a better world for their children.”   

Begin your own journey of giving with CFS. Read more about the #MyGivingJourney series here. 

This article was written by Sunita Sue Leng, a former financial analyst and journalist, who believes that the written word can be a force for good. She hopes to someday write something worth plagiarising. 

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