Opinion

Leaving a Legacy for Future Generations

Opinion

Home Resources Opinion Leaving a Legacy for Future Generations

Opinion

Leaving a Legacy for Future Generations

John Doe

Legacy giving is a powerful way to inspire and enable future generations to create a better Singapore. By including a donation to charity in your financial and estate plans, you can ensure that the causes and communities you cherish continue to thrive. A recent survey showed that more than 60% of respondents would leave a legacy gift to help others in the community, but only 20% of respondents knew how to make a legacy gift. We hope this article helps demystify legacy giving.

What can you give?

As part of planning a legacy gift, you could choose to give:

Cash via a will
Non-cash assets such as marketable securities (publicly traded shares, bonds and unit trusts) via a will
Portion of CPF monies via CPF nomination
Portion of the insurance payout via insurance policy nomination

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Who can you give to?

Whether you have a diverse range of charitable interests or a particular cause in mind, you can leave your legacy gift to The Community Foundation of Singapore (CFS). CFS’s grantmaking expertise and exemplary governance standards ensure that your legacy gift will be in safe hands, enabling you to make a difference just as you have planned. Alternatively, you could also leave your legacy to a specific charity of your choice.

How do you plan an estate gift to CFS?

To leave a legacy gift from your estate to CFS, you could specify the gift in your will, or nominate CFS as a beneficiary of your CPF monies or insurance policy. Dr Ang Beng Ti and Dr Audrey Looi plan to leave their legacy gift to CFS in their wills, in order to set up an endowment fund that will support the charity iC2 PrepHouse well beyond their lifetimes. You can read their inspiring story on our website or watch their story on YouTube.

What is a memorial fund?

A memorial fund is a fund that is named after a loved one to commemorate them and continue supporting causes close to their heart. Dr Lim Boon Tiong’s daughters understood how passionate their father was about urological cancer research, palliative care and eldercare, so they established a donor-advised fund in his name with CFS using a bequest from his will. Read about how CFS helped the sisters to carry on their father’s legacy.

Is it possible to start making an impact now and still leave a legacy gift later?

Yes. CFS makes it easy for you to give both now and later. You can establish a donor-advised fund to start your philanthropic journey now. Once your fund is started, it is simple to make supplementary gifts over time directly or through a will or nomination. David Lim is an example of a passionate philanthropist who plans to do just that.

Legacy giving is a way for everyone to leave a Greater Gift that will benefit generations to come. Learn more about legacy giving and read more stories about people who have chosen to make a Greater Gift at https://legacygiving.sg/

Related Topics For You: DONOR STORIES, DONOR-ADVISED FUND, OPINION

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News

新保集团推出300万元基金助医疗行政人员职业发展

John Doe

新保集团和ACE团队基金会启动一项300万元的基金，促进新保集团医疗行政人员的职业发展，除了培养专业技能，也让他们有机会到海外进行交流和学术研讨。

这项医疗行政人员发展基金（Healthcare Administrators Fund）是首次针对新保集团医疗行政人员而设的基金，由新保集团和ACE团队基金会（ACE Team Foundation）分别贡献150万元。

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Set up during the covid-19 pandemic, Sayang Sayang Fund raised $9.7m over three years, supporting over 400,000 lives
应疫情设立 Sayang Sayang基金三年筹970万元惠及40万人

新保集团旗下约有4600名医疗行政人员，占员工总数的15％。他们负责支持医疗保健系统的日常运作和行政框架，包括研究、运营、财务、人力资源、教育和通讯等多个领域。

符合条件的医疗行政人员将由上司提名，并接受评估。成功获得提名者可以申请培训基金。医疗行政人员可以通过教育与培训提升自己，也可以到海外跟其他国家的行政人员进行学术交流，然后把所学的带回新加坡。

2023年新加坡医疗管理大会在星期三（8月16日）举办，社会及家庭发展部长兼卫生部第二部长马善高致辞时指出，在医疗保健管理方面采取更有效、更创新的战略是必须的，为确保医疗保健系统的可持续发展，新加坡必须发展医疗服务和管理模式。他说，医疗保健管理并不局限于机构的四面围墙内，必须跨学科合作，包括医疗行政人员与其他伙伴的广泛合作。

在新保集团公共联系部门服务的高级执行员曾芳琳（30岁）说，作为一名年轻的医疗行政人员，她对新启动的医疗行政人员发展基金感到兴奋。有了这项基金，她就可以寻找机会学习新技能、增加见识包括加深了解不断发展的医疗保健管理领域。

44岁的新保集团营运部门副主任林志忠也在受访时说：“医疗保健系统内的业务要求是高度专业的，必须提升医疗行政人员的职业发展，让大家有可持续的就业技能，也为塑造医疗保健领域带来重要的作用。”

另一方面，ACE团队基金会也会额外拨款150万元给新保集团所属的职场乐趣提升措施（Joy at Work initiatives），以支持医疗工作人员维持身心健康。

ACE团队基金会由本地科技公司Grab的联合创办人兼总裁陈炳耀与太太童维创立，从2021年创立至今捐助不少医疗组织，如广惠肇留医院、儿童癌症基金会和全国肾脏基金会等。

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.

Related Topics For You: DONOR STORIES, DONOR-ADVISED FUND, OPINION

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Opinion

Creating social impact through philanthropy

John Doe

Last year, the COVID-19 pandemic has likely changed your life on a daily basis. Though the pandemic has affected everyone, it hasn’t done so equally – the situations of the most vulnerable groups have been severely aggravated and awareness of our society’s fault lines and underserved needs have been heightened. But, if this pandemic has taught us anything, it’s the tremendous power of common people working together to achieve a unified goal.

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Stories Of Impact

Giving back through art

John Doe

When Lebanese painter Marie-jose Jed was looking to adopt a charity for her art exhibition, a chance conversation with a friend turned into an opportunity to collaborate with the Community Foundation of Singapore (CFS).

Having lived in Singapore since 2008, Marie-jose believes in giving back to the place she now calls home. “Singapore has given me so much. The least I can do is to give back in any way I can,” she said.

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The Funding Network (TFN)

Imbued with a strong sense of social consciousness, the self-taught artist has also volunteered with the Red Cross in Lebanon, participated in charity auctions and collaborated with Deutsche Bank for their Dream Beyond charity programme in Singapore.

In seeking out a potential charity to collaborate with, CFS attracted her due to its understanding of community needs. “I love the fact that CFS is so diverse – that CFS doesn’t work with just one kind of charity but covers many needs,” said Marie-jose.

Reflecting her travels, memories and passion for the region, in late 2019, Marie-jose exhibited a collection of paintings, Symbols of Asia, featuring numerous iconic symbols found across Asia at the Fullerton Hotel, Singapore.

While discussing possible beneficiaries for her exhibition proceeds, CFS’s Outing for Seniors Community Impact Fund emerged as an appropriate fit – marrying Marie-jose’s artistic background and benefiting local communities through art.

10% of exhibition proceeds will go towards the Outing for Seniors Fund. The fund enables seniors and their caregivers to visit places around Singapore, including museums and other places of beauty such as Gardens by the Bay.

On giving back as a way of life, Marie-jose said, “I live life with a tiny objective. Every year, I look back and ask myself what I have done to make a difference to the lives of others. If every person lived with tiny habit, I believe the world will be a better place.”

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John Doe

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”。

Related Topics For You: DONOR STORIES, DONOR-ADVISED FUND, OPINION

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News

The Straits Times: Philip Yeo biography raises more than $500k for charity

John Doe

“More than half a million dollars have been raised for charity in conjunction with the launch of former senior bureaucrat Philip Yeo’s biography, Neither Civil Nor Servant.

The funds collected by the Economic Development Innovations Singapore (EDIS) – which Mr Yeo chairs – will go towards helping underprivileged children, via the company’s corporate social responsibility arm, EDIS Cares.