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Coutts million dollar donor report 2015
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Coutts million dollar donor report 2015

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The Coutts Million Dollar Report produced in association with the Community Foundation of Singapore tracks trends in donations of $1 million and above made by individuals, foundations and corporations in Singapore and around the world. The findings of the 2015 report provide valuable insight into major giving over the course of 2014. While the combined figures did not match those of the previous year, the overall message of major philanthropy remains a positive one, with education being a popular recipient of donations across the world. In addition to presenting and analysing the findings, the report also includes case studies of million dollar donors including our Board member Keith Chua

Speaking after the association’s annual general meeting at Kallang Netball Centre on Friday, Liang-Lin, a fund manager for a US$7 billion (S$9.5 billion) firm focused on green real estate investments in Asia, hopes to bring her expertise to the table and increase the amount of financial support for Singapore netball during her four-year term.

The 53-year-old took over from Deputy Speaker of Parliament Jessica Tan, who has been the association’s president since 2012. Tan had reached the end of her tenure, which saw the national team make several breakthroughs, including a gold medal at the 2015 SEA Games in Singapore.

Liang-Lin holds various appointments such as being Singapore’s representative to the G20 for Women appointed by the Ministry of Finance. She is also a board member of the Community Foundation of Singapore, which promotes philanthropy through facilitating the establishment of charitable funds.

She said: “One of the things that is overlooked when we look at philanthropy and fundraising is that sport is not really part of the things that people will automatically think about.

“Less than one per cent of the funds that we raise in the Community Foundation goes to sport. The values that sport brings need to be amplified more, so that corporates… see the need to support sport. I think that link needs to be stronger so that we get not just more corporate sponsors, but also they can come in for longer periods of time.”

While national agency Sport Singapore provides funding to netball, corporates can also do their part, she added.

She said: “If we play our cards correctly, we can get corporates to come in and hopefully support them, to see the wider purpose of sport and bring the nation together.”

She also hopes the association can be proactive in looking for financial support, adding: “We must work more strategically with governing bodies on educating corporates on the importance of really supporting sport.”

The former netball player also made references to the recent Women’s World Cup for football, noting the “ability for a game that focuses on women in the sport to bring global attention”.

She said: “I want that kind of trajectory of the limelight going to women’s sport. I think that is a trend that will continue, and I hope that netball will be part of that trend.”

Meanwhile, Tan was satisfied that she has achieved the three objectives she had set out to do when she came on board – to improve quality of play, build a fan base and create an ecosystem which involves coaches and players.

The 57-year-old added: “As much as I do feel sad about having to step down, but at the same time, leadership renewal is very important.

“I think Trina will help to galvanise the team together, and bring a lot of new perspectives and quality to the association.”

Join us in making an impact on Singapore sports scene! Reach out to us for more information.

Source: The Straits Times © 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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News

Law firm Rajah & Tann donates $225k to ST School Pocket Money Fund and Dementia Singapore

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(From left) Dementia Singapore’s chief executive Jason Foo, ST Singapore editor Zakir Hussain, Community Foundation of Singapore chief executive Catherine Loh, R&T managing partner Patrick Ang and R&T Foundation chairperson Rebecca Chew.

Law firm Rajah & Tann (R&T) has contributed $225,000 to The Straits Times School Pocket Money Fund (STSPMF).

The donation was part of the firm’s 45th anniversary celebration on Thursday (May 5) at the Ritz-Carlton, Millenia Singapore, where it also gave $225,000 to charity Dementia Singapore.

Mr Zakir Hussain, a board trustee of STSPMF and ST’s Singapore editor, and Dementia Singapore chief executive Jason Foo jointly received a cheque from R&T managing partner Patrick Ang and Rajah & Tann Foundation chairman Rebecca Chew.

Mr Ang said: “The spirit of caring and giving back to society is part of R&T’s DNA, which we inherited from our founders T. T. Rajah and Tann Wee Tiong.”

A commemorative book about Rajah & Tann titled Duty of Care+ was also unveiled during the celebration on Thursday.

Written by former ST senior writer Cheong Suk-Wai, the book traces the law firm’s growth from its beginnings as a two-man partnership to the regional firm it is today.

“The Rajah & Tann story is essentially about how a group of talented lawyers came together to build a top-rated indigenous Singapore law firm, while holding fast to the principle of excellence with heart in the way they practised law and cared for others,” said Mr Ang.

Among Rajah & Tann’s notable alumni are T.T. Rajah’s son V. K. Rajah, who was Attorney-General from 2014 to 2017 and a former Judge of Appeal; Chief Justice Sundaresh Menon; former Attorney-General and current Judge of Appeal Justice Steven Chong; and current Judge of the Appellate Division Justice Quentin Loh.

STSPMF general manager Tan Bee Heong said the fund gave out almost $9 million to help more than 12,000 beneficiaries last year.

“This donation will help us continue our work in providing thousands of students from low-income families with school pocket money for meals and other schooling needs,” she added.

The STSPMF was started in 2000 as a community project by ST to help children from low-income families.

It has given out nearly $90 million to date and has helped more than 200,000 beneficiaries.

This article was originally published in The Straits Times hereSource: The Straits Times © SPH Media Limited. Permission required for reproduction.

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Opinion

Sustainable Philanthropy Matters: The SDGs in SG

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poster about sustainable philanthropy: the SDGs in SG

In this three-part series ‘Sustainable Philanthropy Matters’, we explore the surprisingly intimate relationship between philanthropy and sustainability and how the practice of one can in fact, lead to the advancement of the other. Both of these issues are close to our hearts here at CFS and we want to share how our philanthropy can help preserve our planet, our communities and our future.

In our previous article, we took a brief look at the history of philanthropy and sustainability. Here, we will examine the relatively newer Sustainable Development Goals (SDGs) and their paramount relevance and importance today. The SDGs were adopted as a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. Additionally, the SDGs could and should serve as a guide to the next steps in Singapore’s social, environmental and even philanthropic evolution. Donors can create a greater impact with their giving by ensuring alignment with the SDGs.

Introducing the SDGs

When it comes to the 3P’s, People has long been seen as the more important P as compared to Planet (let us not talk about Profit!).

Of the eight Millennium Development Goals established in 2000 by the UN, only one was environment-related. Even in the first-ever Global Philanthropy Report, published relatively recently in 2018 by the Hauser Institute for Civil Society (Johnson, 2018), education was the most popular cause of choice for foundations around the world, with 35% focusing on at least one aspect. Health and social welfare also featured largely as priorities. Only one region, Latin America, had environment and animals as a focus and even then, at only 23.8%.

The 17 SDGs, birthed in 2015 at COP 21 in Paris, catapulted the idea of sustainability into everyone’s consciousness in vivid colour. It illustrated that sustainability encompasses many facets of society as well as the natural environment, with an infinitely long-term view of providing for future generations.At first glance, many of the SDGs seem to talk about social aspects anyway, but the beauty of the SDGs is that each goal is inextricably linked to several others. For instance, an initiative ensuring that farmers get paid decent wages while tapping on technology to grow food that is organic and pesticide-free aligns to SDGs 1, 2, 3, 8, 9 and 12.

SDGs in Singapore

Delving deeper into the 169 targets of the SDGs, one realises that quite a few of them may not seem to apply to Singapore. As a highly developed and modern country with a high GDP, 100% literacy rate and no real primary industries like mining, forestry and agriculture, we can claim to have already met many of the SDGs’ targets.However, it is the spirit of the SDGs at which we should look, and it is then that we realise that there is definitely more that we could do.

Let us examine SDG 1, No Poverty. Singapore claims that the first two indicators do not apply as we have no poverty line, national or international (Department of Statistics Singapore, 2021). Yet, it is clear that cases of relative poverty still exist in Singapore (Ng, 2018). The problem can be simply explained by the high cost of living in Singapore (ECA International, 2021), our high Gini coefficient (World Population Review 2021) and the majority of the households having an income below the national average (Dayani, 2021) but the fact remains that the problem exists, and we need to address it within the Singaporean context.

Thankfully, besides the Government’s efforts to reduce social inequality (Lai, 2019), Singapore has had a long history of philanthropists (Ooi, 2019) who have seen to the needs of their country’s people through their generosity. Fast forward to today, and even the man on the street can be a philanthropist, with easy, direct access to many charity channels and donation portals online.

Everyone Has a Role

Ultimately, this democratisation of philanthropy is a good thing. Accomplishing the vision of “peace and prosperity for people and the planet, now and into the future”, requires the concerted achievement of each and every SDG.

Given the intricate interconnectivity of the SDGs, tackling any project that aims to deal with them would be a daunting task if attempted alone. Just as social issues are complex problems requiring multifaceted approaches by multiple stakeholders, so it is with the SDGs.

The 17th SDG, Partnership for the Goals, actually posits that we all have a role to play. Governments and agencies can only do so much. It is recognised that corporations and individuals alike all have responsibilities towards achieving the environmental growth and strengthening of Singapore (and the planet too, come to think of it). As the late philosopher McLuhan said: “There are no passengers on spaceship Earth. We are all crew.

Eyes on the Prize

In the previous article of this series, we shared that everyone, whether individual, group or organisation, had reasons to give. It is important to avoid whitewashing or greenwashing (basically, paying only lip service about being philanthropic). Giving back to the community and/or the environment should not be about meeting reporting requirements or ingratiating oneself with the local people.

It can, admittedly, be tricky juggling one’s desire to do a particular act of charity with what said charity might actually want to achieve, or even what the eventual care recipients might really require. With over a decade championing philanthropy in Singapore, CFS deeply understands this need for balance between the desires and objectives of the donors, charities and care recipients. Yes, even if those care recipients are the flora and fauna around us. Visit here to find out how you can add value for People and Planet, today and tomorrow.

To learn more about CFS’s Corporate Sustainability efforts, please read more here.

To read the other 2 stories in the ‘Sustainable Philanthropy Matters’ series, please click below:

This article was written by Adam, a Principal Consultant with CFS and an experienced sustainability practitioner. He is an advocate for sustainable practices. His colleagues are still wondering how his monthly household utilities bill is only around $70.

Disclaimer: The opinions expressed in this publication are those of the author. They do not purport to reflect the opinions or views of CFS or its members.

References

  1. Department of Statistics Singapore. 2021. Government of Singapore. Singapore. https://www.singstat.gov.sg/find-data/sdg/goal-1
  2. Ng, Cindy. 2018. Commentary: So this is what the face of poverty looks like. Channel News Asia. https://www.channelnewsasia.com/commentary/this-is-what-the-face-of-poverty-inequality-looks-like-804881
  3. ECA International. 2021. Singapore drops in global Cost of Living rankings, but remains among top 10 most expensive locations. https://www.eca-international.com/news/june-2021/singapore-drops-in-global-cost-of-living-rankings
  4. World Population Review. 2021. Gini Coefficient by Country. https://worldpopulationreview.com/country-rankings/gini-coefficient-by-country
  5. Dayani, Dinesh. 2021. What is Singapore’s Average Household Income And Why It Is Different From The Salaries We Earn? Dollars and Sense. https://dollarsandsense.sg/singapores-average-household-income-different-salaries-earn/
  6. Lai, Lynnette. 2019. Parliament: Inequality has many causes and needs to be tackled practically, not ideologically, says Desmond Lee. The Straits Times. https://www.straitstimes.com/politics/parliament-inequality-has-many-causes-and-needs-to-be-tackled-practically-not-ideologically
  7. Ooi, Yu-lin. 2019. Singapore’s Earliest Philanthropists 1819-1867. Asia Centre for Social Entrepreneurship & Philanthropy. https://bschool.nus.edu.sg/acsep/wp-content/uploads/sites/19/2019/08/PA-WP8-Singapores-Earliest-Philanthropists-1819-1867.pdf
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News

Social Space issue 8: Collective philanthropy – the strength of giving together

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a two page write up regarding Collective Pilantrophy

By Rob John
“Giving to charity has never been a solitary activity in any culture. People have joined together to give for millennia. In Asia, clan associations, religious groups or just friends have enjoyed the benefits of giving as a group. But there appears to be a renaissance of collective giving with the advent of more organised, strategic and outcome-focused philanthropy. At the Asia Centre for Social Entrepreneurship and Philanthropy (ACSEP) where I am presently based, our research team’s curiosity about giving circles was first piqued when investigating the nature of innovation in Asian philanthropy in 2012. In that study, we reported several initiatives where individuals pooled their resources and jointly selected a non-profit organisation to fund. Since then, the number and variety of giving circle models have increased across the region, leading me to believe that giving circles will contribute significantly to the development of philanthropy in Asia over the coming decade.”

Read more about ‘Collective Philanthropy, the Strength of Giving Together’ on Pg 19 of Issue 8 of Social Space.

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Stories Of Impact

2021 Annabel Pennefather Award winners Cheung Kemei and Jaslyn Hooi: Two talented athletes steadfast in their resolve to win honour and glory for Singapore

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As Singapore continues to field excellent sportsmen into the international arena such as Badminton World Federation world champion shuttler Loh Kean Yew and paralympic gold medallist Yip Pin Siu, the Community Foundation of Singapore (CFS) recognises the need to continue supporting the growth of more sporting talent through philanthropy, so that Singapore may continue to produce many more distinguished sportsmen and women for the years to come.

The Annabel Pennefather Excellence Award is one such enabler that helps young sports women reach greater heights and bring glory to our country.

It is presented annually to two female graduating student-athletes between 16 and 25 years of age, who have displayed remarkable dedication to their sporting craft and achieved outstanding results in sports. 

Funded by the International Women’s Forum Singapore’s Education Grant, which is managed by CFS, the Grant aims to recognise deserving young women with character and the commitment to achieve in their respective fields.

The Award honours the late Annabel Pennefather – a former national hockey player, a pioneer of women sports administrators in Singapore and a champion of women in sports globally – and celebrates her achievements through encouraging and empowering women in the field of sports.

This year, the Award winners of the 2021 Annabel Pennefather Excellence Award are Cheung Kemei and Jaslyn Hooi, two young women who have demonstrated exceptional skill and excellence in their respective sporting fields.

At the tender age of only 16, foilist Cheung Kemei has already acquired a number of accolades under her fencing belt, having had an outstanding year at local national and age-group competitions last year in spite of the swelling pandemic.

“I feel very happy and honoured to receive this award. I’m very grateful and would like to thank the school, coaches and everyone who supported me throughout this journey. This award definitely encourages and motivates me to work harder and achieve better results for Singapore,” says the talented young fencer.

The foilist punched above her weight to win a gold at the Singapore Senior Championships last year in February, and won another gold medal for the U17 Women’s Foil Individual at the Singapore Cadet Nationals.

Though there is a long list of contenders for coveted spots, Kemei has her eyes set on making it to the final list of competitors for the upcoming SEA Games this year.

The other Award winner, 21-year-old shuttler Jaslyn Hooi, first represented Singapore at the Youth Olympic Games in 2018 in Buenos Aires where she finished 4th in the Women’s Singles. Since then, Jaslyn has participated and won a bronze at the 2019 SEA Games, and is set to take on the region’s best at the SEA Games this year.

“2021 proved to be a successful year, especially towards the end of the year, where I competed for six weeks in Europe. I managed to get gold in one of them and improved my world ranking to be top ninety in the world,” reflects Jaslyn with pride.

In September 2021, she claimed the Women’s Singles title at the Polish International, making it the best win in her career thus far. Among one of the top local shuttlers, Jaslyn won the Women’s Singles title at the Singapore National Open Championships consecutively in 2020 and 2021.

“I’m extremely honoured to be receiving this award. It’s nice to know that Sports School is still supporting us on our sporting journey and recognising our hardwork and success. My goal is to be top fifty at the end of 2022, and this award will continue to push me towards that goal,” says the ambitious young shuttler.

She aspires to play well in bigger tournaments this year and to make it to the Top 80. Her ultimate goal is to make it to the 2024 Olympic Games, and is determined to give her best effort to make her dream come true.

If you would like to support more budding sporting talent in Singapore through philanthropy, please read more here.

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