wavy line banner

Opinion

Opinion

Charting your legacy

Picture of John Doe
John Doe
CFS CEO Catherine Loh giving a speech

I think we can all agree every individual has something unique to give back and offer to society. And yet, when thinking about legacy, how often do we realise that every action we take, however large or small, is actually creating our legacy? Perhaps some of us believe legacy giving is only for wealthier individuals, or that legacy giving can only be defined in financial terms.

It’s important to realise legacy is much more than just financial in nature. Your legacy also includes your personal or business values, the values you have inculcated in your children. It encompasses the giving of your time, expertise and even your resources to empower someone in need. Think about creating a legacy as living a life of generosity, in ways that make meaningful social impact while aligning to your values.

If you’re passionate about a cause, you don’t need to wait until you’re richer, older and retired to start thinking about taking action. Today, with technology, new giving channels and opportunities for collaboration with a wider community are already available and being created each day. As a donor in this exciting era of knowledge-sharing, there are many opportunities to learn about causes you care about and how you can contribute.

For some of you, you might be moving on from ‘success’ to ‘significance’. “How will I be remembered in a hundred years’ time?” “How can I leave a better world for future generations?” As two prominent families shared at our recent CRIB x CFS Legacy and Impact event, leaving a legacy also means preparing your next generation to become responsible stewards of your family’s culture of giving. This often means setting up a framework and sharing your family’s values, so that your children are empowered to continue the good work you have begun.

If you’re wondering how you could start to plan for legacy giving, here are three key ideas to help you along your journey:

Start the conversation
Identify your interests, values and the impact you want to make, so that you can find a focus for your giving.

Consider your structure
Setting up a fund helps to structure your philanthropic activity, improve strategic decision-making and better measure outcomes.

View philanthropy as a journey of learning
Learn more about issues on the ground, what the real needs are, and what are more strategic ways to make a change.

Many of our donors at CFS began from a place where they may not have had extensive histories in giving, but they have embarked on a journey to learn how they could chart their legacy, one action at time. I hope you will discover how philanthropy can be your way of life.

Catherine Loh
CEO
Community Foundation of Singapore

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

Celebrating a decade of inspiring and enabling philanthropy in Singapore

Picture of John Doe
John Doe
Two female individuals can be seen in the picture, both dressed in red shirts and holding a volleyball ball.

After months of anticipation, CFS’s year-long 10th anniversary celebrations came to a high point on 5 September 2018 at a gala event held at The Arts House. Guest of honour, Minister for Culture, Community and Youth Grace Fu, and 120 guests including donors, charities and other partners, came together to commemorate this major milestone in CFS’s history.

In her keynote speech, Minister Fu reflected on philanthropy’s important role in Singapore’s history and its continued relevance in building a culture of care. She thanked CFS for “its excellent work in raising funds and giving out grants, as well as in inspiring and enabling giving in Singapore” and that “as Singapore’s only community foundation, CFS plays an important role as a bridge builder between local communities and the larger charitable ecosystem.”

CEO Catherine Loh spoke of how CFS had “much to prove” when she joined six years ago, but that’s she proud to see CFS having a much wider reach in the public sphere today. “The entrance of a community foundation like CFS has transformed how philanthropy is approached,” she remarked, signaling future plans to grow legacy giving, collaboration and impact.

Outgoing chairman Laurence Lien took the occasion to leave CFS with an audacious goal – to raise $1 billion in our donor funds at some point in the future. He expressed, “We count on you present today, to continue journeying with us, to grow this community of givers. We all are part owners of CFS because we are all the part of the Singapore community.”

Guests were also treated to a violin performance by Joey Lau, winner of the Goh Soon Tioe Centenary Award 2017, a fund managed by CFS.

Amidst dinner and cocktails, the mood was buoyant, as many offered their enthusiastic congratulation. “It’s fantastic to see tonight that the achievements of CFS get celebrated,” said Sebastien Lamy, Director of Keppel Corporation and CFS board member. “I look forward to an even stronger partnership with CFS moving forward,” remarked Tui Jurn Mun, Republic Polytechnic.

The evening ended on a jubilant note as we savoured, shared and reflected on an amazing journey over the last decade. Here’s to the next 10 years of giving!

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.

News

Our Annual Report 2022 is now available for download

Picture of John Doe
John Doe
a cover of cfs annual report 2022

We are proud to announce that the Community Foundation of Singapore (CFS) Annual Report 2022 has been published.

Download your copy here to learn more about the year’s highlights and our impact on the community.

Amid continued disruption from COVID-19 and the uneven recovery that followed, we took transformative action to push forward with our donors, charities and partners. We saw a record number of new funds and unprecedented donor generosity. Together, our grantmaking supported the immediate and emergent needs of our beneficiaries and partners.

For the financial year ended 31 March 2022, CFS received a record of $46.6 million in donations. We welcomed 37 givers to our community through the establishment of 24 new donor-advised funds (DAFs). $18.3 million in grants was made to 240 organisations and 14 individuals during the financial year.

The Annual Report contains the following information:

  • Corporate Information
  • Growth in Recent Years
  • Impact Highlights and Transformation
  • Corporate Sustainability
  • Forward Vision
  • Governance and Policies
  • Financial Statements
  • Grantees List

CFS is committed to working with donors, charities, partners and various sector leaders in the ecosystem to build a more vibrant, inclusive and caring Singapore. To find out more about CFS, get in touch with us.

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.

Opinion

How to tackle homelessness in Singapore? Try some empathy for a start

Picture of John Doe
John Doe
A man sleeping on a bench in a subway station.

By Joyce Teo

Early last year, when a call for volunteers came for the first nationwide street count of the homeless in Singapore, I was probably one of the fastest to sign up.

As a grant-maker at the Community Foundation of Singapore, I often receive requests to fund research on social issues leading to the presentation of academic papers or journals. I find it hard to translate these into practical application towards solving critical social problems.

So I became a volunteer, partly to find out more on the state of homelessness in Singapore and partly, to figure out if philanthropy can play a role in making sense of research that enables us to do good in practice.

The study opened my eyes to a different side of Singapore. It drove home the point that the facts and statistics we read about the homeless from time to time are not mere digits but fellow persons in our shared space and humanity.

For the study, I had to cover downtown Singapore, thinking it would be an easy job as it did not seem that there would be many sleeping around buildings and shopping malls with security cameras.

But what was supposed to be a two-hour walk one night turned to five, due to the sheer number of people sleeping on the streets.

I could not keep up with having to type the individual description as required in the study and had to resort to grouping them in order to complete the area in time.

As indicated in the study, downtown Singapore is a hot zone with over 100 people found sleeping there.

Many were in work uniforms. In fact, they slept within close proximity to each other as if there’s safety in numbers.

These were the ones with the least comfort, usually with just a cap or towel covering their eyes.

Some, who are cleaners, even slept with their cleaning carts right in front of them as a guard for privacy.

The sheer number of people I found and the fact that most of them looked to be Singaporeans were a huge shock to me.

I wondered what led so many of them to sleep in the open instead of going home after work.

What is the impact of this on their health and mental well-being? Do they get to see their families and loved ones?

The results of the survey provide a clearer and better understanding of the definition of being homeless. It is more than home ownership, as some of the interviewees do own residential properties.

The results also provide some insights into the causes of homelessness here – unemployment, irregular work, low income and family relationship problems.

This is a good start. But more needs to be done.

The fact that half of those surveyed have been on the street for about five years shows that homelessness is a chronic and systemic issue that affect not only the 1,050 homeless people the study found, but also their families.

Homelessness today is no longer about begging or being a public nuisance. Many homeless people do have means of subsistence, however fragile.

Taking an enforcement approach towards homelessness will not address the deeper issues related to employment, income levels or family ties.

The homeless have a very real fear of the Destitute Persons Act and how it has been enforced.

They sleep in fear of losing their freedom. Under the Act, homeless people may be admitted into welfare homes as a last resort.

The Act defines a destitute person as one who is creating a nuisance due to begging, or who is found in a public place without means of subsistence or place of residence.

In practice, homeless people are usually persuaded to admit themselves voluntarily into the homes. But once admitted, they may not legally leave without permission.

This palpable fear can be clearly seen in one of the interviews I conducted with a homeless man.

Throughout the interview, he kept glancing around warily, as if someone would come and take him away despite my repeated assurance that I was a volunteer doing some research.

Once the interview ended, he immediately left and I felt quite regretful having robbed his sleeping place although I managed to score a data point for the research.

As part of the study questionnaire, we offered the homeless an opportunity for social workers to contact them for assistance if they are open to it. Perhaps not surprisingly, hardly anyone agreed, as they thought they would risk losing their ‘’freedom’’ if they did so.

Instead, the question most often asked when I approached them for requests to interview was – ‘Are you hock-lee-por eh lang?’ (Hokkien for social welfare department) and they would try to move away while asking.

How philanthropy can help

I hope that philanthropists can fund initiatives that help to change public perception of homelessness as well as more in-depth research that enables deeper understanding of the homeless issue.

The research could take an ethnographic approach similar to that taken by sociologist Teo You Yenn in her book “This is what inequality looks like’’.

In the book, she gave numerous case studies that demonstrated the different facets of inequality and poverty in a way that we can relate to. She also suggested that readers ask questions about poverty and how to overcome it in different ways, and to see themselves as part of the problems and potential solutions.

We need to better understand the different profiles of the homeless people, so as to appreciate their problems better and find different solutions for the different groups – those with employment, those without a home, those with broken family ties, and those who are senior and frail. We need to hear the voice of the rough sleepers themselves and co-create solutions with them. Not for them.

The homelessness issue in Singapore is complex and requires each of us to play our part if we want to resolve it.

For example, if you are a resident of a neighbourhood with a rough sleeper who is not a nuisance, you may want to think twice about calling the police. Instead, you could consider making an effort to speak to the person.

Empathy, rather than mere enforcement, is a good start to help identify root causes and solutions to the issue.

About the author

Joyce Teo is the Deputy CEO and Head of Philanthropy and Grants at the Community Foundation of Singapore, a non-profit organisation founded in 2008 to encourage and enable philanthropy in Singapore.

Source: TODAY

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.

Stories Of Impact

Sparking Powerful Conversations Around Giving

Picture of John Doe
John Doe
Valerie Wu smiling at the camera

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

As a partner at Pinsent Masons, I advise families and individuals. Legal innovations, growing wealth, and changing norms have allowed asset and succession planning to evolve in very interesting ways. I think one of the most impactful ways to do so is to leave a legacy gift to your favourite cause.

Start a conversation, because asking the right questions can help shape your clients’ giving intentions. “Conversations are powerful because they drive thinking around why, who and when your client would like to give,” shares Valerie Wu.

Currently a partner at global law firm Pinsent Masons’ Singapore office, Valerie is a specialist in tax, trust and fund work. As an advisor to families in private wealth transfer and succession planning, and a former senior wealth planner at the Rothschild Trust, Valerie is inspired by the clients she’s worked with from around the world. 

“I’ve been privileged to be able to observe how families both at home and in other jurisdictions think about succession planning,” she says, “There’s a general belief that if one makes a certain amount of money, one needs to give part of that income away to benefit others.”

In a nod to her own experience, Valerie says, ” As we grew up in an emergent, developing and hungry Asian landscape, we often watched and listened to our grandparents. My grandmother was a very strong lady who arrived in Singapore before the Second World War. She never forgot her roots, always sending money back to her home town to support her community.” 

As a tax lawyer with a strong interest in succession planning, Valerie is keen to empower legacy giving in Singapore through her knowledge. In the near future, she is looking to work on law reform to simplify the process of giving in Singapore. 

She finds satisfaction in prompting her clients to think more intentionally on their giving. “Advisors can make a big impact if we can strike more conversations around giving and make legacy giving more accessible and easier to understand,” she says. 

She encourages more advisors to kick-start these conversations, “Make conversations around giving a part of your planning exercise to drive the thinking process, because there’s a huge potential for legacy giving to benefit charities and causes in Singapore.”

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