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The Straits Times: Legacy of giving lives on
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The Straits Times: Legacy of giving lives on

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In his final year as president, Mr S R Nathan – together with a few of his close friends – started discussing with me the idea of starting a philanthropic fund to help “uplift” children from poor families.

Coinciding with the launch of Mr Nathan’s memoir An Unexpected Journey: Path To The Presidency in 2011, the S R Nathan Education Upliftment Fund was established to provide financial support to disadvantaged young people by helping them complete their education.

Despite Mr Nathan’s initial reluctance on naming the fund after himself (the humble and unassuming man that he was), we were glad he eventually relented, as it would help promote the concept of community ownership and inspire others to do the same.

Administered by the Community Foundation of Singapore, the fund has since supported close to 1,000 Institute of Technical Education, polytechnic and university students by providing them bursaries, scholarships and monthly financial assistance.

The fund resonated with Mr Nathan’s beliefs and conviction about giving and receiving kindness, which we witnessed first-hand while working with him to manage the grants.

He was always involved and would make time to meet the many recipients – getting to know them and their families. He would even follow up by sending handwritten notes of thanks and encouragement.

Mr Nathan has touched many young lives through this fund. His death leaves a void, but his legacy of giving lives on. I hope that in time to come, those whom he has helped will do the same by reaching out to help others.

Laurence Lien Tsung Chern
Chairman
Community Foundation of Singapore

Link to story: http://www.straitstimes.com/forum/letters-in-print/legacy-of-giving-lives-on

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Opinion

How Family Offices Could Shape Philanthropy

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Singapore has a long history of family philanthropy. The first family foundations were established after World War II and they donated generously to alleviate poverty, care for the vulnerable and build schools and hospitals. Today, there are over 400 foundations and trusts registered with the Commissioner of Charities but families that institutionalized big-ticket giving early on – such as the Lee Foundation and the Lien Foundation – continue to dominate philanthropic giving in Singapore.

Family offices are entities which typically manage assets for or on behalf of a family. And Singapore – well-regulated, transparent and politically stable – is rapidly becoming the region’s preferred choice for family offices. In 2020 alone, approximately 200 single family offices were set up here, doubling the total count. As wealth grows, charitable giving is likely to keep climbing.

These high-net-worth families have the potential to shake up philanthropy in Singapore. Traditionally, the Asian family office was an extension of the family business, with a laser-sharp focus on the bottomline. “However, as founders age and younger successors take over, we expect to see greater value placed on sustainable and responsible investing as well as on strategic philanthropy,” says our CEO Catherine Loh.

Research firm Wealth-X estimates that $1.9 trillion worth of wealth in Asia will be passed on to the next generation in the coming decade. For many heirs, giving back is emerging as an integral part of doing business. For them, philanthropic activities are an optimal way to build and sustain a family’s legacy, strengthen family cohesion and better engage family members. 

But here’s where it gets interesting. “Family offices have the power to shake up traditional philanthropy as they tend to be more agile and responsive compared to large foundations or corporate foundations, which are answerable to multiple stakeholders and layers of decision makers. Secondly, family businesses tend to be built by entrepreneurs and disruptors, making them more open to new ways of doing things,” says Catherine. 

What this means is that the new wave of family-driven philanthropy could fund untested, possibly radical new approaches to problems. It could find innovative ways of harnessing capital for social impact. It could move away from cheque book charity to a more engaged approach which could lean towards social enterprises or private-public initiatives. 

However, while most family offices across the globe are engaged in some form of giving back, only 41% of them have a philanthropic strategy in place, notes the Milken Institute. Few family offices have the in-house expertise to evaluate nonprofits, deploy philanthropic dollars optimally, or monitor and measure impact. 

“At CFS, we believe giving should be thoughtfully planned and driven by evidence-based insights,” says Catherine. As a cause-neutral philanthropy advisor, CFS offers unparalleled access to over 400 charities in Singapore, across a diverse range of sectors. We conduct due diligence to ensure the giving is accountable and creating a social impact.  

For family offices, a cost-effective and flexible way to embark on philanthropy is to set up a donor-advised fund (DAF). Since 2008, CFS has set up close to 200 DAFs: of these, almost half have been for families. We pool donor funds for investment management and with over $90 million in assets at any one time, smaller individual funds can reap the economies of scale that large foundations enjoy. Beyond this, as the country’s largest convener of philanthropic activities, we mobilise donor capital through collaborations and collective models to scale up impact and generate more empowering solutions. 

If you would like to find out more about how CFS can help you achieve your giving goals, please click here.

 

References:

  1. June Lee (January 2019) Exploring Family Philanthropy in Singapore – Asia Centre for Social Entrepreneurship & Philanthropy, National University of Singapore https://wings.issuelab.org/resources/34346/34346.pdf 
  2. EDB Singapore (February 2022) How Singapore is Becoming Asia’s Family Office Hub https://www.edb.gov.sg/en/business-insights/insights/how-singapore-is-becoming-asia-s-family-office-hub.html 
  3. Richard Newell (March 2022) New study sees Singapore as top family office hub – Asian Investor https://www.asianinvestor.net/article/new-study-sees-singapore-as-top-family-office-hub/476226 
  4. Milken Institute (June 2021) Philanthropy in a Family Office https://milkeninstitute.org/article/philanthropy-family-office
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Events

Monetary Authority of Singapore (MAS) Family Office Circle Webinar: Philanthropy in Singapore and the Region

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The Community Foundation of Singapore’s (CFS) CEO, Ms. Catherine Loh, was invited to speak at a virtual closed-door Family Office Circle event titled Philanthropy in Singapore and the Region on the 22nd of July, organised by the MAS-EDB Family Office Development Team[1] in partnership with the Asia Philanthropy Circle (APC) and CFS.    

The event was attended by 55 international and local participants, involving single family offices and family foundations who had either set up or are setting up a presence in Singapore.

Ms. Kelly Teo, Deputy Director and Head of MAS’ Banking Development Division, observed in her opening remarks that there was an increasing interest among single family offices, especially those involving the next-generation, to give back to society such as through  philanthropy. This sentiment is corroborated by the UBS Family Office report 2020 which found that philanthropy is becoming the most important activity by the time of the third generation. However, many were unsure about how to start and who to give to. The Family Office Circle event was hence organised to share with single family offices about the philanthropy landscape and giving opportunities in Singapore and the region.

The crucial role of Philanthropy in Singapore

CFS’s CEO Ms Catherine Loh participated in a fireside chat, hosted by Ms. Stacey Choe, the Chief Operating Officer (COO) of APC on Singapore’s philanthropy landscape, its gaps and opportunities.

Catherine spoke about the need for philanthropy in Singapore, despite being widely regarded as a wealthy country. She explained that due to the widening income gap, social inequality is deepened in our society, and philanthropic donations are needed to provide relief to those in need and to find long term solutions to reduce social inequality. 

While Singapore does not have absolute poverty, relative poverty is a concern here. Research has shown that a family of 4 needs between S$2,500 to $2,950 a month in gross household income to live decently. 

The Covid-19 pandemic has hit the lower income more seriously than those with higher incomes.  The lower income and less educated are likely to find it challenging to pivot and adapt to a workplace that is changing due to technological advancements.   

Singapore also requires solutions to a rapidly ageing society.  Other critical areas of need would be looking at issues related to mental health and environment.  All these issues are critical to the future stability of Singapore.

When asked about how we could support those who are most in need, Catherine answered that she would prefer donors to ask what kind of social change they would like to see instead. She said that asking that question would lead to effecting long term change, for instance, helping the poor to get out of the poverty cycle.

Catherine also extolled the benefits of participating in philanthropy, citing that families who engage in it together are happier and pass down shared values to the next generation. Philanthropy also reduces the income gap and promotes cohesion in countries, and benefits the rest of the region as well through exchange of expertise and the replication of successful philanthropic pilot programs.

A Donor’s Giving Journey

Catherine was delighted to have Mr. Govind Bommi, the Founder and Chairman of Filtrex Holding Pte. Ltd, to share his inspiring giving journey as a donor of CFS and what motivated him to give.

CFS donor Mr. Govind Bommi came from very humble beginnings. He was born in Bangalore, India, to a family of six children who lived off a single income.

Despite his family’s modest background, it was his mother’s generosity towards the beggars who came to his house in the evenings that made the deepest impression on him. It was her philosophy towards helping others that struck a chord with him and formed the basis of his own giving nature, leading to the founding of the Andal Cares Fund, named in honor of his mother.

Mr. Bommi now considers Singapore his home, after moving here 20 years ago. He set up a water filtration and purification company, and says it’s best to participate in the community that one lives in and find out how best you can help others. Currently, Mr Bommi’s Andal Cares Fund is administered and managed by CFS, and supports rehabilitation programmes by the Metta Association. 

The Philanthropy Landscape in the region and its opportunities

The CEO of APC, Ms. Mafruza Khan gave an introduction to APC and the work that they do while COO Ms. Stacey Choe spoke about the philanthropy landscape in the region, its key trends and opportunities to build a better Asia through philanthropy together. She also shared about the unique challenges that philanthropists faced in Asia and suggested how philanthropists can convene together and collaborate to catalyze the necessary changes.

If you would like to learn more about philanthropy giving in Singapore, read here.

[1] A strategic partnership between the Monetary Authority of Singapore and the Singapore Economic Development Board.

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Opinion

Accessing Quality Education: Beyond the Classroom Walls

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The education of a generation is an extensive and complex undertaking.

Consider the span of time it takes to bring a single individual from nursery and preschool, through the primary and secondary school levels to the various branches of tertiary education. This journey could range from at least 12 years to almost three decades for the dedicated academic.

Keep in mind the need to cater to the individual’s development along the entire stretch in terms of how he or she learns, their psychosocial, physical, emotional and mental health, and their attitudes during the learning process. Now multiply that by over 30,000 for the number of students in each cohort year in Singapore, and you get a sense of the seemingly impossible task that faces the Ministry of Education.

The 32,000 plus teachers in Singapore (MOE, 2021) are doing a highly commendable job as it is. Singapore is ranked 21st in the latest education ranking of the Best Countries Report (World Population Review, 2022) and topped the world in the 2018 Global Competence test, conducted as part of the Programme for International Student Assessment (ST, 2020).

The Singapore education system also has facilities and options for those with learning disabilities, allowing those with conditions such as autism and Down syndrome to obtain a formal education, with pathways to employment for those who are able to do so.

There is a plethora of exit points for those who graduate from the education system here. Besides those with learning disabilities, one could complete formal education after attaining a polytechnic diploma, a university degree or even a doctorate.

While some of that depends on their innate aptitude for study, the students’ early childhood education plays a large part. While it is compulsory for all Singaporean citizens to attend primary school (MOE, 2021), the same is not true for preschool.

Government statistics reflect that nearly 99% of children in Singapore would have at least some preschool education by the age of six (MSF, 2016). This is commendable, but many still do not get the essential foundation that preschools offer, which leads in part to the learning difficulties (not to be confused with disabilities) that some children may face in keeping pace with their peers (Channel News Asia, 2019).

Learning difficulties are when a child, whose IQ is not affected, finds it challenging to learn in a particular way (MyLife Care, 2018). It could stem from conditions such as dyslexia or psychological issues such as anxiety and depression, inhibiting the child’s learning abilities and approach to studies.

Children with learning difficulties face problems with literacy and numeracy (Raising Children, 2021), which is an issue as English and Mathematics are the two core subjects that determine entry into post-secondary education.

Fortunately, there are many groups who are supporting children and youth struggling with primary and secondary school education. Although they are not teachers per se, the programme staff and volunteers of these groups are helping children with learning difficulties, who are usually from challenging backgrounds, to improve their academic abilities.

For instance, social enterprise Catch Them Young’s programme KidsExcel is partnering with the Lions Community Service Foundation to help primary- and secondary-going school children in their academic curriculum.

KidsExcel complements their tutoring time with workshops in sports and drama, which motivates the children to improve academically and to enjoy these popular activities offered by KidsExcel staff.

“I love interacting with the kids and I want to make a positive impact in their lives,” enthuses volunteer Ms Joycelyn Fung. “I have forged good relationships with the children and their parents. In the two years I have been here, it has been very fulfilling and rewarding to see the kids develop and grow.”

Resilience is a clear lesson learnt by KidsExcel care recipients, with 10-year-old Syakir stating that he would never give up in his pursuits, while 12-year-old Elfie proclaims: “I will never stop when I am tired, but will stop when I am done.”

Staff Madam Haznita shares: “It has been a joy working with the kids. Some came with little confidence and had difficulties adjusting, so we needed to spend time getting to know them better and help them settle. It is very rewarding to know they look forward to KidsExcel classes and seeing them every week. This is what motivates me.”

Another programme, Reading Odyssey by SHINE Children and Youth Services, helps to boost children’s literary abilities by inculcating a love for stories through story-telling and literature-related activities.

Taking these children onto journeys of the imagination to improve their linguistic capabilities are volunteers Bee Peng and Natasha. Every week, they tap into their dramatis personae and bring stories to life for the children.

“I like everything in Reading Odyssey, especially the games,” says P2 student beneficiary Kim Yan. “Teacher Bee Peng helps me to understand how the games are played. She is kind and patient. I thank her for teaching me.”

Bee Peng says: “I believe in the quality of Reading Odyssey; it has a positive impact on the lives of the children and has elements of character building. And I truly enjoy interacting with the children.”

Another P2 child, Divinya, demonstrates her newfound verbosity: “I like the games in Reading Odyssey and the snacks given out. My teacher Natasha helps me with reading unfamiliar words. If I don’t know the words, she helps me to pronounce them and tells me the meaning of the words. She is always present for the sessions, she never absents herself. She is always there for me. Thank you teacher, for teaching me and giving me lots of stars.” Divinya also expressed a wish for Natasha to continue teaching her in Reading Odyssey, a testament to the positive impact that even volunteers can have on our children.

A volunteer since 2017, Natasha believes in the programme’s aim of elevating the children’s self-confidence through learning and reading: “There are many opportunities to interact with the children via discussion of the stories, which allows me to journey with them and help them improve.”

Regardless of their motivation, it is clear from the number of children going through such programmes—about 350 and 180 annually from the KidsExcel and Reading Odyssey programmes—that programme staff and volunteers for such extracurricular activities are just as much teachers to our children as educators in school.

If you would like to support programmes such Reading Odyssey and KidsExcel in providing quality education to our children and make a difference in their lives, please visit Ways to give.

This article was written CFS Principal Consultant Reutens-Tan. He is an experienced sustainability advocate and practitioner, working closely with charities to build thriving communities, which he believes is key to a sustainable Singapore.

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

Channel New Asia. (15 September 2019). Commentary: Long-neglected but now in the spotlight, Singapore’s pre-school sectorhttps://www.channelnewsasia.com/commentary/pre-school-enhanced-subsidies-access-moe-kindergartens-859951

Ministry of Education. (18 October 2021). Compulsory education.
https://www.moe.gov.sg/primary/compulsory-education#:~:text=All%20Singapore%20Citizens%20born%20after,deferment%20to%20enter%20Primary%201
.

Ministry of Education. (Accessed 26 July 2022). Education Statistics Digest 2021
https:/www.moe.gov.sg/-/media/files/about-us/education-statistics-digest-2021.ashx?la=en&hash=9E7EFD9B8088817C207F8AE797037AAA2A49F167

MyLife Care. 20 September 2018. What Is The Difference Between ‘Learning Difficulties’ And ‘Learning Disabilities’? https://mylifehomecare.co.uk/insight/learning-difficulties-learning-disabilities-difference/#:~:text=a%20learning%20disability%20constitutes%20a,overall%20IQ%20of%20an%20individual

Raising Children. (2 July 2021). Learning difficulties and learning disorders: children and teenagers.
https://raisingchildren.net.au/school-age/school-learning/learning-difficulties/learning-disabilities-signs-and-support

The Straits Times. (22 October 2020). Singapore’s 15-year-olds top OECD’s Pisa global competence test.
https://str.sg/J62f

World Population Review. (Accessed 26 July 2022). Education Rankings by Country 2022.  
https://worldpopulationreview.com/country-rankings/education-rankings-by-country

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