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Budget 2023: Govt to extend 250% tax deduction for donations until 2026

Singapore will extend its tax deduction rate for donations for another three years until the end of 2026, as part of efforts to foster and sustain a spirit of giving.Deputy Prime Minister and Finance Minister Lawrence Wong said on Tuesday that this will be done although the tax deduction for donations at 250 per cent is
already very high compared with other jurisdictions.

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Helping Earthquake Victims in Türkiye and Syria: Ways to Donate

The earthquake that struck Türkiye and Syria on 6 February 2023 has become one of the top 10 deadliest earthquakes ever. Over 41,0001 people have been killed (as of 15 February), a death toll the United Nations expects will eventually exceed 50,0002. The 7.8 magnitude earthquake occurred near the border of the two countries. Since then, more than 2,000 aftershocks have pummelled the devastated region.The widespread damage to buildings and infrastructure has left millions of people without homes, access to clean water, and basic necessities. The disaster has also led to countless casualties and injuries. First responders from all over the world are working tirelessly to save lives. However, with each passing day, the focus is turning from search and rescue to helping the survivors in desperate need of aid.

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CFS Chairperson receives National Award for COVID-19 – The Public Service Medal

The Community Foundation of Singapore (CFS) is honoured to announce that our Chairperson, Ms. Christine Ong, has received the National Awards (COVID-19) under the category of The Public Service Medal (COVID-19). This award recognises the Chairperson’s leadership and CFS’s efforts to serve the Singapore community during the pandemic.Since the outbreak of COVID-19, CFS has provided assistance to those in need through the distribution of grants to individuals and organisations. Under Christine’s direction, CFS disbursed a total of $57 million from March 2020 to December 2022, with $32 million going to the social & welfare and health sectors.

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The power of the collective: CapitaLand Hope Foundation joins hands with AIC and CFS to bring cheer to seniors

How do you combat loneliness among older folk? The FUN! Fund – a partnership between Agency for Integrated Care (AIC) and The Community Foundation of Singapore (CFS) – hopes to do this by piloting activities that encourage play, generate laughter and build connections. It’s a fresh approach towards reframing the ageing challenge and a promising effort at collaborative philanthropy.The brand-new fund has struck a chord with CapitaLand Hope Foundation (CHF), the philanthropic arm of CapitaLand Group. Established in 2005, the foundation seeks to improve the quality of life of seniors. It also aims to nurture and inspire the young and protect the environment for future generations.

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Our CEO Catherine Loh is an honouree of Tatler Asia’s Most Influential 2022

Our CEO Catherine Loh is named as one of Asia’s Most Influential 2022 by Tatler Asia – joining the ranks of innovators, industry leaders and trailblazers who are recognised for driving positive change in the region and beyond. Honourees of Tatler Asia’s flagship list have contributed to advancements in public service and governance, technology, education, finance, the arts, and other vital sectors.Under Catherine’s leadership, CFS galvanises over $250 million from generous donors, manages more than 190 funds and supports 400 non-profit organisations across various causes. Guided by her vision that donors can make meaningful social investments through philanthropy, CFS has been embracing innovative models of giving that are not only impactful, but sustainable as well.

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“最后一桶金”规划新现象 别让财富添乱使尽不留遗产

这些年来越来越多人把部分遗产捐给慈善,甚至出现鼓吹“现在就花掉孩子遗产”的SKIN(Spend Your Kids’ Inheritance Now的缩略语)“使尽”现象。世界首富之一比尔·盖茨多次承诺,把1130亿美元(约1595亿新元)财产几乎全捐给慈善,三个孩子各获1000万美元;他坚信留大笔钱给孩子绝对不是好事。

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$1.35M Fund Set Up For Community Care Groups To Develop Fun Activities For Seniors

Seniors can look forward to more activities to ease their loneliness and social isolation, thanks to a new $1.35 million fund that community care organisations can tap.At the launch of the fund on Friday at the Grand Copthorne Waterfront hotel, Agency for Integrated Care (AIC) chief executive Tan Kwang Cheak said social isolation among the elderly is a key concern as it is linked with poor physical and mental health.

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Accessing Quality Education: A Boost for the Last Leg

As a follow-up to our last story, we now take a look at children as the next generation, and how we can empower them through philanthropy to be further educated.Education is the great equaliser, as the old adage goes. Coined by American public education pioneer Horace Mann in 1848, education was seen as the tool for the disadvantaged to basically find better jobs and lift themselves out of poverty. For the last almost 200 years, that has remained largely true.

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