Kinheng

Donations to CFS increased by 60% over the past two years

Media Coverage / By

Over two years, the number of Donor-Advised Funds (DAFs) managed by the Community Foundation of Singapore (CFS) has increased from 162 to 235, and total donations received since inception has risen from $192 million to $311 million. As of 31 December 2023, CFS has disbursed over $169 million in grants, a big jump from the $114 million disbursed as of 31 March 2021.Speaking to Zaobao, CEO Ms Catherine Loh, shared that one reason for the significant increase in donations was due to a few large donations exceeding $10 million over the past three years. She also highlighted the introduction of Legacy Giving by CFS, and the organisation’s efforts to work more closely with financial and legal advisors to promote philanthropy. Notably, about 15% of CFS’s DAFs are memorial in nature, including the recently established Adrian Tan Memorial Fund in 2023.

CFS Celebrates 15 Years of Enabling Philanthropy

Events / By

On 14th February 2024, CFS marked its 15th Anniversary with a Chinese New Year “Lohei” (Prosperity Toss) celebration. The event was graced by Mr Alvin Tan, Minister of State for Culture, Community and Youth, and Minister of State for Trade and Industry, and gathered nearly 160 donors, charity partners, and business associates, both longstanding and new.Unveiling the Sayang Sayang Fund Report was a great way to mark our 15th year, as it displayed the power of collective impact and love for our community. Established as an emergency response fund at the start of the COVID-19 pandemic to support vulnerable groups, the Sayang Sayang Fund (SSF) impacted the lives of over 401,000 beneficiaries in Singapore. In a span of three years, an impressive $9.7 million was raised, showcasing the remarkable generosity and willingness of the community to offer their support.

Supporting Disadvantaged Students: Assumption Pathway Academy

Stories Of Impact / By

The Collective for a Stronger Society aims to uplift, enable and empower lower-income families, and one area of focus is education. Assumption Pathway School (APS) offers an alternative route for students who face barriers to completing mainstream secondary school education. As a specialised school, APS offers vocational programmes accredited by ITE, and foundation and character development programmes developed in collaboration with MOE.Ms Gan Hui Xin’s life took a turn when she enrolled at Assumption Pathway School (APS) in 2016. Her earlier academic performance had been poor, which led to a waning interest in her studies. During her four-year tenure at APS, however, she discovered a new passion and attained an ITE Skills Certificate (ISC) in Hairdressing. Although unable to continue her education at ITE, she remained determined to continue her pursuit of knowledge.

Singapore Badminton Players Loh Kean Kew and Yeo Jia Min posing with donor Karim Family Foundation at badminton court

Why Support Sports with Philanthropy?

Stories Of Impact / By

While philanthropy traditionally focuses on providing direct aid to those in need, its impact extends far beyond mere charity. Singapore owes much of its early development to philanthropists who made social investments in infrastructure, systems and people. In the case of sports, it can also be a driving force for national bonding and societal progress, nurturing a society where every member can thrive.In addition to fostering a sense of national pride, achieving success at international competitions serves to enhance Singapore’s global reputation. A vibrant competitive sports scene not only offers youths an alternative avenue to success but also yields numerous trickle-down benefits for community sports. These include promoting healthy lifestyles, instilling discipline in young individuals, and inspiring communities to embrace active living.

FREE Philanthropy Impact Guide
FREE Philanthropy Guide
Connect With Us!
Get quarterly email updates on philanthropy and community insights.
* indicates required
wavy line footer
Contact Us
UEN: 200817758M
Linkedin Facebook-f Instagram Youtube
Quick Access
Quick Access
 
 

Kindly contact us in advance to schedule an appointment, as we are unable to accommodate walk-ins.

Copyright © 2024 The Community Foundation of Singapore. All rights reserved.

Scroll to Top